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8 Dec 2010 13:40
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08 December 2010
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Kedco plc
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("Kedco" or the "Company")
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Statement re Project Finance
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Kedco notes the press comment yesterday in relation to financing from Ulster Bank for its biomass power projects. The Company confirms that, as announced on 3 November, Kedco has been offered a project finance facility by Ulster Bank Group ("Ulster Bank"), a subsidiary of the Royal Bank of Scotland plc, to provide secured debt facilities in respect of the Company's biomass electricity and heat generating plant in Newry, Northern Ireland.
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The Company is exploring financing options in relation to other projects within its portfolio.
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For additional information please contact:
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Kedco plc Donal Buckley, Chief Executive / Gerry Madden, Finance Director Ā | +353 (0)21 467 0427 |
Deloitte Corporate Finance - Nomad Jonathan Hinton / David Smith | +44 (0)20 7936 3000 |
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SVS Securities plc - Broker Ian Callaway / Alex Mattey | +44 (0)20 7638 5600 Ā |
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