UNI - EN REPORT No
UNI - EN REPORT No7/2019
Kernel Holding S.A. (herein “the Company”) is pleased to announce that the Company attracted project financing arranged by the European Bank for Reconstruction and Development (“EBRD”). The financing of up to US$ 56 million will consist of EBRD loan of US$ 48 million and a US$ 8 million loan from the Clean Technology Fund (CTF), with tenor of the loans being 8 years. Financing will be used by the Company to upgrade the existing oilseed processing plants in the Poltava, Odessa, Mykolaiv and Kharkiv regions of Ukraine with biomass co-generation power plants.