funding, page-24

Hi Gandaulf and all,

Can you assist, as I am struggling to see where in the ANN that ECT will obtain funding?

"ECT has engaged YES BANK’s Sustainable Investment Banking Group along with existing
advisory partner Greenard Willing, to set in place the initial structures and partners for
implementation of ECT's India manufacturing strategy. That strategy is targeted at delivering a
lower capital cost base for Coldry plant and equipment through India's highly skilled, top quality
cost-competitive manufacturing base. The YES BANK-Greenard Willing team will carefully
evaluate and select the most qualified and competent Indian suppliers for fabrication and delivery
of Coldry plant and equipment to projects in India and globally. YES BANK and Greenard Willing
have a unique knowledge based approach which is reflected in their many trusted relationships
and strong understanding of the energy generation and coal industry in India. They recognise the
opportunity for Coldry to help meet the massive energy needs of India with improved
environmental benefits"

I read that ECT will gain form the two banks some strategic planning and contacts to make the Coldry offer more enticing for Indian customers - but there is no mention of funding whatsoever.

Don't get me wrong, I see this as a good ANN and I am looking at ESI closely with the ruler....but for me funding is the one area I am trying to ascertain regarding ECT.