About Cannabis Funding Group
Cannabis Funding Group, Inc. a Colorado corporation is a wholly owned subsidiary of Smart Ventures, Inc.Cannabis Funding Group, LP is a Texas Limited Partnership. CFG is a strategic investment partner for entrepreneurs in a diversified range of cannabis related businesses. www.cannabisfundinggrouplp.com
EPC PARTNERSHIP FOR HYDRO POWER PLANT CONCESSION
SMART VENTURES ANNOUNCES EPC PARTNERSHIP FOR HYDRO POWER PLANT CONCESSION
Jan 23, 2015
OTC Disclosure & News Service
Houston, TX -
Smart Ventures, Inc. is pleased to announce its partnership with AGENCE des CONSTRUCTIONS et des FORMATIONS PROFESSIONNELLES hereinafter referred to as A.C.O.F.LTD. Smart Ventures will participate in the project management and oversee procurement of subcontractors for the construction of a 55 Mgw Hydro Power Plant in the Democratic Republic of Congo. The concession contract was awarded to A.C.O.F.LTD on December 24, 2014 by His Execellency Honorable Pascal Salumn Tutu, the Governor of Maniema Province. The government provided a payment guarantee in the form of mineral concessions representing two mines and two oil block awards. Smart Ventures has presented a tender request to qualified subcontractors to begin the environment assessment and survey for the proposed site for construction. The project is expected to be a $150 Million construction with a completion timeline of 3-5 years. The project is a public private venture with an expected power purchase agreement for 20 years. Smart Ventures will own 30% of the venture as part of the partnership agreement. We will provide an update as developments unfold.
About Smart Ventures
Smart Ventures, Inc. is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and mining minerals internationally. We began to offer a diverse range of armored vehicles to our clients in the Middle East and Africa. We have diversified our products offering into the specialty chemical market as well through our China supplier.