Locality Planning Energy Holdings Limited (AU:LPE) has released an update.
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Locality Planning Energy Holdings Limited (LPE) has agreed to extend the repayment deadline for capital works funds totaling over $6 million to 31 March 2025 for Bundaberg BioHub, which is nearing final approval for a significant renewable energy project. BioHub will continue to make monthly interest payments at a 15% rate on the outstanding amount as they progress towards completing their Development Application with the state government. This extension is expected to allow BioHub to secure new funding and begin construction of their Anaerobic Digestion (AD) Facility, ensuring the repayment of LPE’s capital upon completion.
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