26 Apr 2017 07:05
26 April 2017
Green & Smart Holdings plc
("Green & Smart" or "G&S" or "the Group")
Green & Smart Arranges Debt Facility to Progress Work on Fully-Owned Biogas Plants
Green & Smart Holdings plc (AIM: GSH), a renewable energy company generating power from biogas captured through the treatment of palm oil mill effluent (POME) in Malaysia, is pleased to announce that it has entered into a 12 month loan of approximately RM1.41 million (£250,000) with a UK-based lender at an interest rate of 1% per month. The monies will enable the Company to primarily progress work on its portfolio of fully-owned biogas projects such as Dupont & Leosk in Gemencheh, Negeri Sembilan and Milik Mestika in Ledang, Johor.
Mr. Saravanan Rasaratnam, Group Managing Director of Green & Smart, said: "We are pleased to have received further support from the UK, as we continue to build and commission further projects. With our fully-owned plants Kahang and Malpom generating revenue, we are keen to continue to move our pipeline of projects forward to ensure our mill operating partners are able to satisfy their licencing obligations in terms of the responsible and environmentally-friendly treatment of POME."
Enquiries
Green & Smart Holdings plc |
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Saravanan Rasaratnam, Managing Director | +44 20 7618 9100 |
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Cantor Fitzgerald Europe (Nominated Adviser and Broker) |
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Andrew Craig, Richard Salmond | +44 20 7894 7000 |
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Luther Pendragon Ltd |
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Harry Chathli, Claire Norbury, Alexis Gore | +44 20 7618 9100 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.