Integrated Green Energy Solutions (ASX:IGE) finalises USA deal

Company News

by Rachael Jones

GEP Fuel and Energy Indiana are partners in the US and together with Integrated Green Energy Solutions (ASX:IGE) they formed Integrated Green Partners.

As a result of recent meetings held with IGP in Texas, a commercial transaction has been agreed in relation to the procurement of the IGES plastics to fuel modules.

IGES would be paid a down-payment for initial module construction costs.

The upfront-payment agreed is USD$39,600,000.00 and forms part of the USD $70,000,000.00 that will ultimately be paid to IGES for the 24 modules.

Shares in Green Energy Solutions (ASX:IGE) are trading 9.1 per cent lower at $0.10.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.