Kernel attracted USD 56 mln project financing by EBRD and CTF
Kernel Holding S.A. announced that the company attracted project financing arranged by the European Bank for Reconstruction and Development (EBRD).
The financing of up to USD 56 million will consist of EBRD loan of USD 48 million and a USD 8 million loan from the Clean Technology Fund (CTF), with a tenor of the loans being 8 years.
Financing will be used by the company to upgrade the existing oilseed processing plants in the Poltava, Odessa, Mykolaiv and Kharkiv regions of Ukraine with biomass co-generation power plants.
Four CHP plants will process almost 228 thou. tons of sunflower husk and produce 338.5 thou. MWh of electricity per year.
Previously the company informed about the approved dividend payment of USD 0.25 per share.
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