Brief: Ebioss signs deal with Energy China for two projects in UK
23/11/2016 06:45
Nov 23 (Reuters) - Ebios Energy AD EBI.MC :
* Said on Tuesday it had signed an agreement with the
Chinese state-owned company, Energy China, to build two
gasification plants of Refuse Derived Fuel (RDF) in Newcastle
and Hull, the United Kingdom
* The Newcastle plant will have an electrical power of up to
12 MWe and entails a total investment of about 53 million pounds
($65.76 million), 25 percent of which will be financed in the
form of equity and 75 percent in the form of project financing
by a financial institution designated by Energy China
* The Hull project will have an electrical power of up to 20
MWe and entails a total investment of about 93 million pounds
($65.76 million), which will be financed in the same way as the
Newcastle project
* Adds that it expects Brexit to have either neutral or
positive impact on the company's business model
Source text: http://bit.ly/2fpVF87
Further company coverage: EBI.MC
($1 = 0.8059 pounds)
(Gdynia Newsroom)
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