Extension of Agreement with Bundaberg BioHub
Released
Released
Announcement PDF
30 September 2024
Extension of Agreement with Bundaberg BioHub
Embedded electricity provider, Locality Planning Energy Holdings Limited (ASX: LPE) (the Company or
LPE), advises that it received the September interest payment of $76,322.05 on the total outstanding
capital works funds from Bundaberg BioHub Pty Ltd (BioHub) on 26 September 2024. Repayment of the
capital works funds, including all outstanding interest and legal fees, was due for repayment today, 30
September 2024.
BioHub have requested an extension for repayment of the $6,158,082.20 facility until 31 March 2025.
They advised LPE that their Development Application (DA) to build a 598TJ AD Facility in Bundaberg has
progressed through three major milestones with the Bundaberg Regional Council and there is one last
milestone outstanding with the Environmental team within the state government. Upon final DA
approval, BioHub will commence demolition and civil works.
BioHub expects that new funding will be put in place to build the overall AD Facility once the civil works
are complete, and they already have an operated committed to building the AD Facility. LPE’s capital
works funds will be repaid as part of the new funding.
With the above update from the BioHub, LPE has agreed, given the DA for the Bundaberg BioHub is
approaching approval, to granting an extension to 31st March 2025, so that BioHub can activate this
significant renewable energy project in this region.
LPE has varied the commercial agreement with the BioHub reflecting the extended repayment date for
the capital works funds (including all outstanding interest and legal fees). In the meantime, BioHub will
continue to remit monthly interest payments at 15% (accruing daily) on $6,158,082.20.
Authorised by the Board.
For further information:
David Jarjoura
Executive Chairman
investors@localityenergy.com.au
1300 040 168
ENDS
Locality Planning Energy Holdings Ltd (ASX: LPE)
Level 8, 8 Market Lane, Maroochydore BC QLD 4558
ABN 90 147 867 301
Telephone 1300 443 735
www.localityenergy.com.au
About LPE
LPE is a growing energy provider to strata communities focused on the core Embedded Network
business. LPE delivers renewable solutions for strata living, creating shareholder value through long
term supply agreements that provide strong recurring revenue.
Currently LPE predominantly services the Queensland energy market, providing electricity, hot water,
solar and battery systems to strata communities. Supporting those living in strata communities to
reduce their carbon footprint and energy bills with no upfront cost.
Our Customer Value Proposition continues to evolve as we work with partners, communities and
customers to find new solutions to take us into the future.
If you have any questions on this announcement or any past LPE announcements, visit our
Investor Hub. Like, comment or ask a question on our announcements. You can find this
through the following link or scanning the QR code: investorhub.localityenergy.com.au or
email us on investors@localityenergy.com.au
Locality Planning Energy Holdings Ltd (ASX: LPE)
Level 8, 8 Market Lane, Maroochydore BC QLD 4558
Page 2 of 2
ABN 90 147 867 301
Telephone 1300 443 735
www.localityenergy.com.au
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