3Power Energy Group Inc (PSPW)

[wakl]

IN MY VIEW: YOU CAN ONLY GO WITH WHAT IS ANNOUNCED IE : Shala, through its operating office in Tirana, Albania, has developed concession opportunities of approximately 300 MW hydroelectric and 50 MW of Solar PV plants,. Of these concessions approximately 100 MW are construction (shovel) ready but no construction has yet commenced. We estimate but cannot guarantee that construction will commence by late 2017. A further 100 MW are awaiting final construction permits and the remaining capacity is currently in the planning and permission application phase.

All concessions have been or are being environmentally assessed by the relevant Albanian Authorities and financial modelling indicates average IRR’s of approximately 15%.

Shala is in on-going negotiations with international EPC and O&M providers on the basis of a “design, finance, build and operate” model.