leadf
logo-loader
viewPowerhouse Energy Group PLC
(
AIM:PHEFRA:BT81
)

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

Follow
AIM:PHE

Price: 4.295 GBX

Market Cap: £168.79 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

London's FTSE 100 starts the week on the front foot with the US closed for...

London's FTSE 100 started the week on the front foot with the US closed for Labor Day. London’s leading index added 32 points to 7,171 in early deals. Scottish Mortgage Trust (LON:SMT) topped the leader board early on after the tech-heavy Nasdaq closed Friday’s session in record territory...

3 weeks, 2 days ago

2 min read