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Replies to post #27006 on 3Power Energy Group Inc (PSPW)
davied25
05/14/11 8:14 AM
#27008 RE: naturalborninvestor #27006
zoedog10
05/14/11 8:15 AM
#27009 RE: naturalborninvestor #27006
Schekin
05/14/11 8:43 AM
#27016 RE: naturalborninvestor #27006
This is what I want to hear about on Monday Quote: On March 10, 2011, the Company entered into a Financing and Security Agreement with CR&P Holding S.p.A., an Italian investment group, with respect to a $50 million credit facility. The Company intends to use the credit facility to finance photovoltaic, wind and hydro power plant development projects and prospective acquisitions in Italy, France, Greece, Turkey, Albania and Chile. The proceeds of the credit facility will principally be utilized to finance the equity portion of the first projects from the Company’s existing pipeline as well as to cover some of the Company’s operational expenses and predevelopment costs.