LONDON (Thomson Financial) - Renova Energy Plc. said it has agreed an
extension to a standstill agreement with its lenders until May 19 2008, to plan
completion of the Heyburn project and to raise additional finance for the
project.
The ethanol production, distribution and marketing company said talks over
restructuring its existing bank debt are still ongoing.
On April 3, Renova Energy said it expects total project cost of combined
ethanol and power plant at Heyburn, Idaho, which has been on hold since December
2007, is now estimated to be $60.1 million.
TFN.newsdesk@thomson.com
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