My understanding is they get 15% if they secure funding for KNPL haven’t seen anything that says it has to be 50% of the projects capex and we required to do the same
we’ve heard AP says it looks like it will 70% debt and 30% equity, nothing is set in stone though.
an extra 15% of a project that brings a ebitda of 800m is 120m.. 120m x what 40 to 50 years is enough for them help with all funding arrangements I think.
happy to be wrong, haven’t really spent much time going over information as of late
Pertinent market/industry news/articles, page-5662
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