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Energy World Corporation Ltd (ASX:EWC)

ALERT: Price-sensitive ASX Announcement for EWC
Current share price for EWC : $0.072 0.036 (100%)+
Announcement
Release
2 Jun 2026 9:16AM
Price at Release
$0.036
Full Release
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Summary
Energy World Corporation Ltd (EWC) has signed an agreement to sell its Siemens gas and steam turbines to Hallador Energy Company for US$350 million. This transaction is a part of EWC's strategic review to realize value from its assets. The sale will provide significant non-dilutive capital that will aid in resolving balance sheet issues and advancing EWC's LNG platform strategy. The purchase price is payable in four installments, with the final payment contingent on the delivery of the turbines. EWC expects the sale to be reflected in its FY26 financial results, with an expected non-cash impairment to the power plant assets. The transaction will not require shareholder approval according to ASX listing rules.
Key Points
  • EWC to sell Siemens turbines for US$350 million.
  • Sale aligns with strategic asset monetisation.
  • Transaction involves non-dilutive capital influx.
  • Payment structured in four installments.
  • Expected non-cash impairment for power plant assets.
  • Sale part of FY26 financial results.
  • No shareholder approval needed.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.