Sunedison Inc. (fka SUNEQ)

[hawkmd]

This is a 1 Billion dollar deal! Add the other deals from the the hundreds of non debtors subsidiaries and we are talking about billions in deals in the next years. Hopefully the judge is finally having the clear picture like SUNEQ shareholders and the UCC. Let see what happen...

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The government will have to spend about $1.1 billion, or Tk 8,595 crore to pay the company.

However, PDB will purchase electricity from the project on a "No Electricity, No Payment" basis, meaning the project does not need to have any capacity payment guarantee.

SunEdison will invest about $300 million to implement the Teknaf project on a 75:25 debt-equity basis.

Official sources said the Power Division had advanced the SunEdison project under the Speedy Power and Energy Supply (Special Provision) Act to implement it expediently.