2nd Mar 2020 17:42
(Alliance News) - Infrastrata PLC on Monday said it is awaiting a response regarding its application to reclaim EUR1.6 million for work carried out on the Islandmagee Gas Storage project.
The natural gas storage firm said it was advised on Friday that the EU's Innovation & Networks Agency is finalising the assessment of the payment of the balance for the EU grant reclaim, adding that it expects to receive an official reply shortly.
In November, Infrastata said it expects to receive the EUR1.6 million final grant reclaim from the EU in the fourth quarter of 2019.
Shares in Infrastrata closed down 0.9% at 0.27 pence in London on Monday.
By Ife Taiwo; [email protected]
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