Tag Archives: financing

Hoku Materials (HOKU) Signs Economic Development Agreement With Pocatello

Hoku Materials just announced a new economic development agreement with the City of Pocatello. The deal could grant Hoku up to $49 million worth of tax increment financing. Under the terms of the contract, Hoku will get up to $26 million in incremental property tax reimbursement to cover its capital costs from setting up a polysilicon production plant in Pocatello. Then, as long as Hoku hires a certain number of employees, the company will become … Read the rest

Ormat (ORA) Secures Financing For Kenyan Geothermal Project

Ormat Technologies Inc. just announced that it has signed a financing agreement for the Olkaria III geothermal project in Naivasha, Kenya.The geothermal power plant produces 48 MW of power, approximately 6% of Kenya’s total energy output.

From GlobesOnline, here are the details of the financing agreement:

The first disbursement of approximately $90 million under the 10-year project finance loan is expected within the next two weeks. The lender group of European Development Finance Institutions (EDFIs)

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