| Abstrakt: |
NEW YORK, LONDON, THE HAGUE, Netherlands, and TUNIS, Tunisia, Aug. 25, 2011 /PRNewswire/ -- ContourGlobal announced today that it has signed agreements for a loan facility of $91.25 million with the Emerging Africa Infrastructure Fund, Netherlands Development Finance Company (FMO), the African Development Bank, and Belgian Investment Company for Developing Countries NV/SA (BIO) to support completion of Phase I of the company's KivuWatt project, an integrated methane gas extraction and production facility and associated 25 MW power plant located on Lake Kivu in Kibuye, Rwanda. The combined project will remove and process otherwise hazardous methane gas trapped in the waters of Lake Kivu for use as fuel to generate critically needed electricity for sale to Rwanda's Energy, Water and Sanitation Authority (EWSA). EWSA is the national power utility of Rwanda, where the vast majority of the population does not currently have access to electricity. [ABSTRACT FROM PUBLISHER] |
