Brief: Powerhouse Energy Group Agrees To Pay HUI Non-Returnable Payment Of Up To £400,000 In Cash

Powerhouse Energy

21/03/2023 08:11

March 21 (Reuters) - Powerhouse Energy Group PLC
 PHEG.L :
    * JOINT VENTURE WITH HUI PLC
    * AGREED TO PAY HUI NON-RETURNABLE PAYMENT OF UP TO £400,000
IN
CASH, SECURING OPTION TO LEASE AND PROGRESSING THE PROJECT
    * AGREED TO MAKE FURTHER PAYMENT OF £200,000 IN CASH TO HUI
ONCE
PLANNING PERMISSION HAS BEEN GRANTED FOR LONGFORD PROJECT

Source text for Eikon:  ID:nRSU5758Ta 
Further company coverage:  PHEG.L 

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