Crowdestor has launched new investment object – Biomass heating production plant in Latvia.
An operational thermal power production plant is planning to raise capital to acquire wood chips for the following heating season, and to partly refinance short-term liabilities and shareholders debt. Energy production plant has a total energy out-put of 15 MWh and it is connected to district heating system of Riga.
Business valuation according to certified appraisal – EUR 11 660 000,00.
Minimum target: EUR 600 000,00.
Maximum target: EUR 950 000,00.
Loan term: 24 months.
Interest rate: 21.00% per annum.