ALBIOMA : Albioma Caraïbes: 68 million euros loan signed for converting the power plant to 100% biomass (pdf)
Paris La Défense, 13 March 2019
Albioma Caraïbes: 68 million euros loan signed for converting the power plant to 100% biomass
Albioma Le Moule has taken out a new long term loan (19 years, without recourse to shareholders) for its Albioma Caraïbes power plant (34 MW - commissioned in 2011), for 68 million euros, in addition to the existing debt. This loan will be used to create new infrastructures and modifications to the power plant's installations, with a view to operating it at 100% biomass as a complete alternative to coal during 2020. The sum will also be used to finance the works required for making the plant comply with the IED directive which comes into force on 1 January 2020.
The transaction has been arranged with the company's regular banks: BNP Paribas and CIC, as co-arrangers, and Bpifrance, under very attractive market conditions.
Once these investments have been completed, the Group will be operating two thermal units in the Caribbean area operating solely on biomass. In September 2018, Albioma announced the industrial commissioning of its first overseas 100% bagasse/biomass power plant, Galion 2, located in Martinique.
Next on the agenda: revenue figures for the first quarter of the 2019 financial year, on 24 April 2019 (before trading).
| An independent renewable energy producer, Albioma is committed to the energy transition thanks to biomass and photovoltaics. |
The Group, which is established in Overseas France, Mauritius and Brazil, has developed a unique partnership for 20 years with the sugar industry, to produce renewable energy from bagasse, a fibrous residue from sugar cane.
Albioma is also the leading generator of photovoltaic power overseas where it constructs and operates innovative projects with integrated storage capabilities.
| Investor |
+33 (0)1 47 76 67 00
+33 (0)1 47 76 66 65
|Albioma shares are listed on NYSE EURONEXT PARIS (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans (ISIN FR0000060402 - ticker: ABIO).|| www.albioma.com |