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Kenartha oil and gas limited funding for Brazil Hydro-Electric Generation


Published Mar 16, 2007
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Kenartha oil and gas limited funding for Brazil Hydro-Electric Generation-Spotlight

Kenartha Oil & Gas Company Limited, an explorer and developer of natural gas resources, announces that its agent is in funding discussions with the Raiffeisen Bank in Europe to move forward on the Brazil hydro-electric projects.

The Company has been presented with a proposed credit facility from the Raiffeisen Bank which management has under review.

The Company is in continuing participation negotiation with a private group that currently has site licenses complete with all required approvals and permits to construct two (2) hydro-electric generating stations in Brazil; one of 8MW (PCH Renic project) and the other of 17.5MW (PCH Tamboril project).

These two projects are located upriver from a recently completed 28MW generating station constructed on a license owned by the same private group and built under a turnkey contract.




   

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