EWC finalises $50M loan deal

ASX-listed Energy World Corporation’s determination to finish building its LNG terminal in the Philippines has cleared a major financial hurdle with the company finalising terms with Singapore’s Standard Chartered Private Equity that will delay critical repayments and see US$50 million invested in the company.

EWC finalises $50M loan deal EWC finalises $50M loan deal EWC finalises $50M loan deal EWC finalises $50M loan deal EWC finalises $50M loan deal

EWC's Eromanga gas plant.

In August the pair agreed to terms that will see SCPE reinvest the entire proceeds of its existing exchangeable convertible note, previously issued by EWC subsidiary Energy World Philippines Holdings,