Biomass Secure Power Inc. (BMSPF)

[OCR8now]

New MD&A and Financials out on Sedar.com for BMSPF.

The proposed Natchitoches plant will be built in phases. Phase one will be 240,000 tonnes. A tax exempt bond in the amount of $88,536,200million has been approved. On January 31, 2017 Governor of Louisiana John Bel Edwards signed Executive Order JBE 17-03 (Carry Forward Bond Allocation 2016) Issued by: Louisiana Public Facilities Authority for sale and Bank of America Merrill Lynch (BAML) has been engaged to sell the bonds. BAML has engaged Liedos as the independent engineering company to review our technology and plant specifications to confirm that we will be able to construct the plant, complete construction on budget and meet our production targets.
BSP has engaged the services of AMEC Foster Wheeler as the project EPC to ensure we can meet all of the above requirements. In conjunction with this review BSP is buying an insurance policy from New Energy Risk that will guarantee the construction schedule, cost of construction and production levels are met. This insurance policy will pay the bond holders in full if the project fails to meet its targets