StockMarketWire.com - Waste gasification to energy technology group Eqtec said it had entered into an agreement for the development of a proposed 1.18 megawatt biomass gasification power plant in Gratens, France.

The agreement was struck with the the Barthe family, which owned the existing project special purpose vehicle, Biomasse 31.

The parties would work towards definitive legal documents pursuant to which they and any funders would invest to achieve financial close of the project.

'The nature and quantum of such investment, and the share of such funding between the parties, is yet to be determined,' Eqtech said.

'It is intended that Eqtec will have the option, but not the obligation, to invest equity capital into the special purpose vehicle."


At 2:26pm: [LON:EQT] Eqtec Plc Ord Eur0.001 share price was 0p at 0.09p



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