And Tunis
NEW YORK, LONDON, THE HAGUE, Netherlands, and TUNIS, Tunisia, August 25, 2011 -
- Pioneering project secures long term financing, launches gas extraction barge, and breaks ground for power plant
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.