Natcore Technology Inc (NTCXF)

[tom1231]

I got an email from Tom Scarpa. For some reason I can't transport the info to this site so here goes in a nutshell. Chuck signed the license agreement. The Prime Minister of Vietnam also signed. Chuck visited the site. It was a successful trip & substantial progress was made in moving the project along. The PM also confirmed the Govts commitment for Power Purchase agreements of 9.35 cents per KW that would last 2 years for approval projects & terms of 20 yrs upon completion of the project. The developers introduced Chuck to 1 large bank & he negotiated a bank guarantee & extended financing. This was important since out-of-country financing will often require an in-country bank guarantee to protect lenders from currency risk.

On this trip our in-country partners introduced Chuck to a power engineering subsidiary of the primary energy company to integrate our pre-feasibility with one they would create, ensuring that all the engineering work & grid connections would be compliant with Vietnamese regulation laws. We are now evaluating EPC, manufacturers & over resources to integrate into this SPV to move the project to construction. There were also some pictures. One was of Chuck in his uniform when he was in the war & also one signing the agreement.