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PowerHouse Energy Group accept loan deal to advance Protos plant 'as showcase to the world'

Powerhouse Energy Group PLC's (LON:PHE) Tim Yeo talks to Proactive London's Katie Pilbeam with an update on the development at Protos and how it will be used to 'showcase to the world'.

He explains the rationale behind entering a loan agreement to provide up to £3.8 mln to secure long lead time items and project design services in respect of the Protos project prior to securing long-term debt funding arrangements.

With further expansion in Europe, following an agreement for a rollout in Poland and most recently an an agreement to rollout the DMG technology in Greece and Hungary, Yeo is confident their global mission is on track.

Quick facts: Powerhouse Energy Group PLC


Price: 4.295 GBX

Market Cap: £168.79 m

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