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Anticipation really tests Patience. It will be a relief when we get our filings.
Reverse Merger coming next couple of weeks. Go, PSPW !!!
Looking forward to see filings and super 8-Ks next couple of weeks. Time to drop the bomb, Mr. Falak. Go, Go, Go, PSPW !!!
I know Falaknaz was always wanting to buy energy projects in Albania.
Albania will limit final approvals of renewable energy projects to one year
12 January, 2024
Final approvals for renewable electricity projects in Albania will expire after 12 months to discourage investors from buying and selling them, according to the Ministry of Energy Infrastructure. It is preparing to launch the public call for a 300MW solar power auction next week, while an energy storage auction may also be in the works, according to the annual presentation. State-owned energy company KESH unveiled a pumped storage hydropower project along with 76 MW of solar power capacity. Deputy Prime Minister and Minister of Infrastructure and Energy Belinda Balluku called on private investors to take their energy projects very seriously. All approvals, both final and preliminary, will have expiration dates, she warned at an annual conference.
Investors in energy are welcome and necessary, she emphasized and asserted that the process is very simple in terms of requirements such as location and technical study. Albania does not want permits and documentation to be bought and sold, Balluku asserted. "The final approval will last only 12 months before the start of construction, so as not to keep it in your pocket for three years and sell it to each other," explained the deputy prime minister.
Approvals issued for 896 MW in solar power capacity, 86 MW for wind power
There are 64 solar energy projects with final approvals outside the subsidy mechanisms, with a total capacity of 603 MW, Balluku revealed. That compares with just 13 final approvals for 37 MW in wind power. Preliminary consent, which in 99% of cases leads to final approval, has been granted for 16 photovoltaic projects with a total capacity of 293 MW and nine in the wind segment, for 49 MW, Balluku said. In total, the planned capacities are 896 MW and 86 MW, respectively. This compares with 49 solar applications totaling 1.9 GW and 26 of 2.05 GW for wind, which are in the pipeline. There are still no wind turbines in operation in Albania.
The ministry scheduled the launch of the public call for a 300 MW solar power auction for January 15. The pre-qualification deadline is set for April 29, after which technical bids will be evaluated until May 24. Participants will have until July 7 to submit their bids, which must be opened three days later. In addition, a reference to a plan for an energy storage auction appeared among slides in the ministry's presentation, but officials did not address the topic.
Photovoltaics other than agrosolar are only allowed on lower grade land
Turning to the concept of agrivoltaic, also known as agrosolar, Balluku said that investors can combine agricultural production with solar power plants on land in categories 7 and 8. Other solar power plants are only allowed on land with lower grades – 9 and 10, she added. "Albania is a small country, where land is really one of the most precious assets we have," she said, but also added that a balance must be found with energy needs.
KESH will turn the Fierza hydropower plant into a storage system with pumps
The state energy unit KESH is planning to install a pumped storage system for the future surplus in solar and wind energy production, announced its administrator Ergys Verdho. At the end of 2025, the company will have 76 MW of photovoltaics in operation, he estimated. It therefore aims to create a system that would pump water from the Koman hydropower plant upstream to the Fierza hydropower plant, explained Verdho, quoted by SCAN TV. He highlighted the fact that the Koman reservoir is small, arguing that the upgrade would increase efficiency at times of the strongest flows.
Statkraft is also developing a pumped storage hydropower project in Albania. It is worth noting that the operator of the transmission system OST broke ground at the end of December in the first electricity interconnection project with North Macedonia.
https://kosovo.energy/shqiperia-do-te-kufizoje-miratimet-perfundimtare-te-projekteve-per-energjite-e-riperteritshme-ne-nje-vit/
Thanks, Something has to break open soon. I know they are working behind the scenes to get all Filings up to date. Once we have that, we should have a direction. I am not sure where we are headed as long as it's positive. Happy New Year!
we're in the waiting game.. it's coming soon.. we just need to know the structure and terms of the merger.. first quarter imo 😀
Hours, days or a few weeks from now... Im sure.
Definitely an unprecedented year! One way or the other I believe PSPW will be off life-support sometime by the end of 2024!
very true and I also agree we will see a roller coaster in the market this year. I cant see Falak dragging this out much longer but you could be correct. I have been wrong on my speculation for 12 years. someday we will see light.
I don't see any reason our U.S. election has any bearing on Falak moving forward outside of the United States. Audits are being completed and they are working behind the scenes. time will tell but hope to see movement for the first quarter.
We need some Filings Mr. Falaknaz! happy New Year .
Ditto and looking forward to Filings!
Happy New Year everybody ! May god bless us loyal longs a healthy and prosperous 2024 ! Hope Falak will give us a big surprise next month. Go, PSPW !!!
Me too...
Have a strong feeling that we will hear very good news in January 2024. Go, go, go, PSPW ! ! !
Ditto! Looking forward to a healthy and prosperous New Year for all of us! Salute'
The Company is not required to file Current and Periodic Reports with the U.S. Securities and Exchange Commission and the Company’s status as a voluntary filer may have consequences for investors’ ability to access relevant and timely information about the Company.
The Company is a “voluntary filer” with the U.S. Securities and Exchange Commission. This means that the Company is not required to file Current and Periodic Reports with the U.S. Securities and Exchange Commission. The Company is not a fully reporting company that is subject to review under Section 408 of the Sarbanes-Oxley Act of 2002. Furthermore, the Company is not subject to the going private rules and certain tender offer regulations, and the beneficial holders of the Company’s securities do not need to report on acquisitions or depositions of the Company’s securities or their plans regarding their influence and control over the Company. Therefore the Company’s status a voluntary filer reduces investors’ rights to access significant information regarding the Company and its controlling shareholders.
https://last10k.com/sec-filings/pspw/0001144204-12-039689.htm
"We believe in the success of 3Power and we will continue our support to the company," said Mohammed Falaknaz, chairman of 3Power and vice president of Falak Holding
This is a vote of trust in our company future and business plan.
New Interview with Mr.Falaknaz (view 36 minutes into)
https://www.youtube.com/watch?v=m3tVFks20kQ
3Power Energy Group Subsiduaries
Shala Energy PLC (Majority owned 75.3% by PSPW as of 11.6.2017 per Ireland Filing 2/5/2018)
3 Power Shala Sh.p.k (Majority owned 80% by Shala Energy PLC)
3Power Energy Group Subsiduaries Flow Chart
| Shares Outstanding | 286,301,430 | a/o June 1, 2018 |
| Authorized Shares | 300,000,000 | a/o June 1, 2018 |
| Public Float Estimate | 21-28 million shares |
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001221554&type=&dateb=&owner=include&count=100
Nevada SOS Entity Details (Actively Registered)
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=edQVDEOyd14Pu94MlD0CQA%253d%253d&nt7=0
http://www.otcmarkets.com/stock/pspw/
Disclaimer - the moderators of this board are not registered financial advisors and are not recommending the securities of this company to purchase or to sell, and may hold positions bought in the open market, which we may liquidate without notice from time to time. Please do your own due diligence, and make your own investment decisions. These are opinions based on data collected from publically available sources throughout the world. We are not responsible for losses or gains and recommend getting professional advice if needed.
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