PRESS RELEASE
Brussels - 2 January 2012 - 8.50 CET - Regulated Information
KBC Bank and ING Belgium waive the non respected credit covenants by
Renogen and 4HamCogen over 2011
KBC Bank agreed to waive the possibly non respected credit
covenants by Renogen over the year 2011. KBC Bank agreed that
Renogen starts the redemption of the long term credit
facility related to Amel III on
March 31st 2012 instead of December
31st 2011. KBC bank agreed to spread over 2012
the principal payment that was due by Renogen on December
31st 2011 on the long term credit facilities
related to Amel I & II.
ING Belgium and KBC Bank agreed to waive the non respected
credit covenant by 4HamCogen on
December 31st 2011.
This press release is made available in English, Dutch and
French through our corporate website www.4energyinvest.com
4Energy Invest NV/SA
Paepsem Business Park - Boulevard Paepsemlaan 20 - 1070 Brussels - BELGIUM
info@4energyinvest.com - VAT BE 876.488.436 Page 1
PRESS RELEASE
Brussels - 2 January 2012 - 8.50 CET - Regulated Information
About 4Energy Invest
4Energy Invest is a Belgian based renewable energy company
that aims at creating and managing a portfolio of small to
midsized locally embedded projects that valorize biomass,
directly or indirectly, into energy. 4Energy Invest
identifies potential biomass projects, performs a feasibility
study and eventually takes responsibility for developing,
financing, constructing and operating the project, in close
cooperation with carefully selected suppliers and
partners.
4Energy Invest (through its fully owned subsidiary Renogen)
has two cogeneration projects, located in
Amel (Wallonia, Belgium), that are fully operational.
4Energy Invest (through its fully owned subsidiary Renogen)
has constructed in Amel (Wallonia, Belgium) a large scale
torrefaction unit to produce BioCoal or torrefied wood
pellets with minimum CO2 footprint.
4Energy Invest (through its fully owned subsidiary 4HamCogen)
is about to take into commercial operation in Ham (Flanders,
Belgium) a 9.5 MW biomass fired cogeneration project in
Ham
4Energy Invest continues the preparation of the roll out of
the torrefaction technology with permit files that have been
obtained in Ham (Flanders, Belgium) and in Reisbach
(Germany). Permit files are also under preparation in
countries where more abundant biomass resources are available
(than in Western Europe) and where integrated projects can be
pursued.
4Energy Invest is listed on Euronext Brussels under symbol
ENIN. For more information, please contact:
Nico Terry, Chief Financial Officer
Tel: +32 (0)2 526 90 13 nico.terry@4energyinvest.com
Yves Crits, Chief Executive Officer
Tel: +32 (0)2 526 90 11 yves.crits@4energyinvest.com
4Energy Invest NV/SA
Paepsem Business Park - Boulevard Paepsemlaan 20 - 1070 Brussels - BELGIUM
info@4energyinvest.com - VAT BE 876.488.436 Page 2
distribué par | Ce noodl a été diffusé par 4Energy Invest SA et initialement mise en ligne sur le site http://www.4energyinvest.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-02 09:05:08 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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KBC Bank and ING Belgium waive the non respected credit covenants by Renogen and 4HamCogen over 2011 |