IPSA secures short term loan as awaits extra plant capacity - - TopicsExpress

IPSA secures short term loan as awaits extra plant capacity - Southern Africa focused power group IPSA (LON:IPSA) has secured a short term loan of 500,000 for working capital until new capacity arrives, it said. The loan comes from Radix International and is for the next 6 months at an interest rate of 1% a month. This will provide working capital until such time as the installation programme for the two Jenbacher gas engines, acquired at the end of 2013 adding 3.4MW... ow.ly/2JyPeY

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