EUROPLASMA: Short-term Loans and CHO Power Development

EUROPLASMA: Short-term Loans and CHO Power Development PR Newswire BORDEAUX, France, December 18, 2012 BORDEAUX, France, December 18, 2012 /PRNewswire/ -- Agreement signed for eight future CHO Power plants Short-term loan and bridge loan signed for a total amount of €6.7 million FINANCING AGREEMENT FOR EIGHT ADDITIONAL FACTORIES The Europlasma Group announced that its subsidiary CHO Power has negotiated and signed a new agreement with the partner who provided most of the financing for the construction of the first CHO plant in Morcenx. This agreement, establishing the terms for the construction and financing of eight new plants to generate electricity from waste and biomass, provides for the financing of 10% of the construction costs by CHO Power, the remainder being funded by the financing partner. In exchange for the funding provided by it, CHO Power will have a 25% stake in the new plants; this stake may be increased to 40% provided that certain criteria are met relating to the progress and success of the project. CHO Power will be awarded engineering, procurement and construction (EPC) contract and operations and maintenance (O&M) contract for each plant. This agreement is contingent upon acceptable performance by the CHO plant in Morcenx, which is the first of its kind, and, in particular, the takeover scheduled for the winter 2012/2013.