Financing for waste-to-energy-power plant being finalized

Green Energy Solution Industries Inc. (GESI) is finalizing the phase for provision of up to $44 million to fund a waste-to-energy project in Alberta, Canada.

GESI's strategic partner, InREFCo, is assisting GESI in the due diligence and compliance period for the provision of all funds necessary to carry out its project development of a 200 ton-per-day energy production facility. The funding will be used to deliver a turnkey facility for a large-scale electricity plant or a large-scale renewable fuel plant.

The project-based financing is expected to be offered under project revenue financing terms based upon the projections of revenue that GESI has been able to show would be produced from the waste rail tie to energy project. The project financing is projected to fully cover the build-out of the plant. The financing phase is one that InREFCo has provided to numerous companies. At this point, the due diligence and compliance period with final approval and terms of funding is expected to be closed in approximately two weeks.

GESI previously announced that it had entered a strategic agreement with InREFCo for a technology for converting waste-to-energy using InREFCo's thermal waste gasification technology availability.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs