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MPower Converts $10M Narromine Debt to Equity, Eyes Hybrid Energy Expansion
3:20pm on Friday 31st of January, 2025 AEDT
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Renewable Energy
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MPower Converts $10M Narromine Debt to Equity, Eyes Hybrid Energy Expansion
3:20pm on Friday 31st of January, 2025 AEDT
Key Points
Narromine project funding facility converted into 100% equity by AMPYR
MPower expects a $700K gain from the transaction upon deconsolidation
Conversion subject to Foreign Investment Review Board approval
MPower continues as operations and maintenance provider for Narromine
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