AER coy about offtaker but otherwise bullish about Sese project



Issue 253 - 03 May 2013 | 4 minute read

Australian Securities Exchange (ASX)-listed African Energy Resources (AER) says it is poised to complete negotiations with five groups interested in investing either directly into the wholly-owned project company it has created to manage the 300MW Sese Integrated Power Project or into the mother company itself. Although there have been delays – having gained impetus when some 20 companies signed confidentiality agreements to view AER’s data, due diligence missions then experienced delays obtaining visas – the project, which is divided into two 150MW units (like Morupule B), is reaching a phase where financing can be put in place, the Australian developer says.

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