Integrated Asset Management Corp. (“IAM”) (TSX:IAM) and its private corporate debt division, IAM Private Debt Group, today announced a financing of $15 million for Biomont Energy Limited Partnership.
The loan from the IAM Private Debt Group will finance the construction and long term operation of a 4.8 MW cogeneration facility that will utilize landfill and natural gas to generate electricity and heat (the “Facility”). The electricity will be sold to Hydro-Québec under a 25-year power purchase agreement and thermal energy to local users. The Facility is located in the City of Montreal near the Saint Michel Environmental Complex landfill. For complete details, please click here.