CARIBEX is able to offer 100% financing for these projects via loan programs through various lenders.

These loans need to meet certain criteria like any other financial transactions of this nature and are based on each project independently.

The lenders have strong interests in funding “green” projects and are offering 20 year loans tailored to fit the requirements of each specific facility.

The lenders are not requiring initial down payments or up front soft costs of any kind. The interest rate is in the normal commercial % interest  area and are offered without pre-payment penalties.

The lender does ask that they have an opportunity to review a professional feasibility study however prior to any contact.  Once viewed, they will normally issue a conditional commitment letter in advance of the full due diligence.

Once they have reviewed the study the process begins with a scheduled inspection by the lenders representative who will visit the municipality / client. meeting  with the sponsors, city officials and, if the facility is to deliver electric power,  the local utility company who will purchase the power produced by the new plant.

In addition, the inspector will also meet with the various government officials and companies who will be delivering the waste materials, as each of them will pay  “tipping” fees” for deliveries. The plant receives revenues from only two principal sources, the sale of power (electricity and or synthetic gas) and fees from tipping and disposal of inputted waste.

The lender is required to ensure that the sources of revenue for the plant meet reasonable guidelines. The lender will also require guarantees from the facility owners whether it be a PPC (Public Private Corporation) or a private Utility or indeed a municipality.

It is the purpose of the Feasibility Study to determine the size (capacity) and approximate cost of the plant. This, of course, is a function of the waste materials to be processed. In delivering the study we dispatch specialists to make these determinations (metrics) which are based on surveys and various sources of information provided by local officials.