Bluefire Renewables, Inc. (fka BFRE)

[spidaman]

Alert!!! Chinese financing is in place!

Excerpt from this article:

"Now, funding is in place, thanks to the NCSD’s connections across the Pacific. In August, China Eximbank, one of the largest financial institutions in China, provided BlueFire with a letter of intent to help finance the Fulton project. According to the letter from Klann, DOE funding was pulled even though the agency was aware that financing was being provided by the Chinese banking company.

According to China Eximbank’s letter of intent, they are willing to fund up to 85 percent of the plant’s engineering, procurement and construction costs. BlueFire is planning to borrow $220 million from the Chinese import-export bank. The loan received the approval of the China International Water and Electric Corporation and the Chinese government."

http://itawambatimes.com/2014/10/15/bluefire-renewables-small-company-big-ambitions/