found eht. Multi profile cannabis, solar power, develop home NIAGARA FALLS, ON / ACCESSWIRE / October 29, 2019 / EnerDynamic Hybrid Technologies Corp. (TSXV:EHT) ("EHT") is pleased to provide an update on its project with joint venture partner Unified Construction and Investments ("UCI") in Ghana, previously updated on April 22, 2019 and May 21, 2019 and collectively called the ("JV").
The project, involving the construction of up to 100,000 ENERTEC homes, has completed the site surveying following the transfer to the joint venture of ownership title to the full 2,000 acres of planned sites (announced April 9, 2019) in order to underpin the funding for Phase1 and future phases. That step provides security for the joint venture during the build period as the project moves forward. The JV pleased to say the site plan is now complete and approved by the Government of Ghana.
With the site plan complete, the Government of Ghana has now finalized the contract to build the first 10,000 units. The JV has now sourced financing to start the first 500 homes on the site. Construction of the first units will begin in late January 2020. Once complete (in approximately 90 days as the first units will take longer) the JV will start the second tranche of 500 which are slated to take 60 days or less.
The UCI project, being the construction of ENERTEC housing units, is planned to include 60,000 2-bedroom units and 40,000 3-bedroom units. A 2-bedroom unit will sell for US$33,600 and a 3-bedroom for US$42,000. The EHT/UCI joint venture currently estimates a net margin of 7.5%-12% (approx. US$2,520-$4,032 per each 2-bedroom unit) and will provide future updates as the project progresses.
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