IAM lends $15 mln to establish Québec cogeneration facility

IAM Private Debt Group, a division of Integrated Asset Management Corp (TSX: IAM), has provided $15 million in financing to Biomont Energy LP. The loan will fund the construction and operation of a 4.8 megawatt cogeneration facility that will utilize landfill and natural gas to generate electricity and heat. The facility is located near Montréal's Saint Michel Environmental Complex landfill. The project's investors are Eolectric Inc, Valeco Énergie Québec Inc and Fondaction CSN, a Québec venture capital and private equity firm.

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