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*UPDATED: Jatropha Lodges Application For Green Project Funds* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?bj The early version of this article has since been canceled below following an update from the concerned company, Finealt Engineering. We post the full update: > We would like to correct the report on the USD$ 12 million loan that you carried in your online media Pindula news under the business section on Saturday 19 October, 2019. > The correct position is that Finealt Engineering has only lodged an application for Green Project Funds through the IRENA/ADFD project facility which is still under consideration. The International Renewable Energy Agency has reportedly availed concessionary funds to Zimbabwe’s Jatropha initiative managed by Bio-Diesel Production firm Finealt Engineering. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- This was revealed by Finealt Engineering CEO who was speaking before the parliamentary committee on energy and power development who said; > In 2020, we are going to get US$12 million concessionary funds for jatropha production. Government has already given us the guarantee letter from IRENA and it will come at an interest rate of one percent over a period of 25years. Jatropha is the government ‘s initiative to conceive renewable energy and has been in existence since its inception in 2006. However, the project has suffered a stillbirth since inception. More: ZBC itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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