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Green EnviroTech Holdings, Corp. signs a $100 million lease and working capital credit facility from READS Leasing and Credit, LLC; and secures the first commitment and immediate draw of $2.5 million.
Independent Power Producer. From Wikipedia, the free encyclopedia. An independent power producer (IPP) or non-utility generator (NUG) is an entity, which is not a public utility, but which owns facilities to generate electric power for sale to utilities and end users.