(Tiper Stock Exchange) – MetalNRGa company listed in London and active in investments in natural resources and energy, has communicated that EQTEC Italia has obtained a loan of 2.9 million euros to refinance his Italian waste-to-energy plant, located in Gallinanear Castiglione d’Orcia, in Tuscany.
The duration of the loan is 48 months, with an annual interest rate of 2.5% on the Euribor, which currently yields the interest rate of 6.5%. Funding comes from Bank of Fucino and is guaranteed up to 80% by MedioCredito Centrale.
Italia MDC, the plant operating company, is working on a series of performance improvements to support more productive and sustainable operations. The plant became operational in March 2023 ed EQTEC extension – listed on London’s AIM and active in waste valorisation – completed handover protocols and transfer of plant operations to Italia MDC in June 2023.