ECG Econergy Intl

    RNS Number : 0878D
  Econergy International Plc
  10 September 2008
   




    10 September 2008 
      

    Econergy International PLC ("Econergy" or the "Company")


    Amendment of working capital facility


    On 13 June 2008, Suez Energy South America Participaes Ltda. ("SESA") announced the terms of an all cash offer to acquire the entire
issued and to be issued share capital of the Company. As part of that announcement, it was also announced that an affiliate of SESA,
Electrabel Finance and Treasury Management (the "Lender") was making available to Econergy loan facilities of over US$50 million (the "Loan
Facility") which have subsequently been drawn down in part.

    The Company and the Lender have agreed to amend the terms of the Loan Facility to provide on similar terms with no material additional
security being provided, amongst other things, additional working capital of up to $9,200,000 and in particular to provide short to medium
term finance of up to $89,300,000 in relation to the Econergy Group's further investment in Planta Eca Guanacaste S.A. The purpose of the
investment is to develop and construct a class 1 wind project located in the Guayabo District in Guanacaste, Costa Rica (the "PEG Project")

    =-ENDS-- 


    Contacts: 


    Econergy International PLC 
    Tom Stoner, Chief Executive                Tel: +1 303 473 9007 


    Pelham Public Relations 
    Chelsea Hayes                   Tel. +44 (0)20 7743 6675
    Archie Berens                                     Tel. +44 (0)20 7743 6679 
       




This information is provided by RNS
The company news service from the London Stock Exchange
 
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