New financing of 120 million euros with Commerzbank AG
The German government presented a Letter of Intent (LOI) to ENERTRAG SE, confirming the suitability of Hyphen’s project in Namibia to be considered for final approval to be designated as a “strategic foreign project”. Granted by the German Government, this status is reserved for high-priority global projects of strategic interest to Germany (“Auslandsprojekt im strategischen Interesse der Bundesrepublik Deutschland”).
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