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KARACHI: Provincial Minister for Environment and Alternative Energy Askari Taqvi laid the foundation stone of the first solar energy laboratory at Hamdard University on Thursday.
“To overcome the power crisis, it is mandatory to get electricity from alternative resources such as solar energy,” he said, adding that the technology must be introduced in Pakistan so that electricity can be provided to the public at cheaper rates.
He said that the Hamdard University is playing a significant role to boost the technology in the country and is also planning to start short courses in solar energy.
He said that formal permission has been taken from Sindh Chief Minister Syed Qaim Ali Shah for launching solar energy projects.
I hear Etrade has a order for 8 million shares out of the middle east.Good luck trying to that many shares without taking the stock to $3.00 bucks.
No Victoria Secret, thats were Hillard made all his money,and he might make a little in the Solar industry very soon.
Zardari to meet Saudi King twice next month
Web posted at: 10/27/2008 6:47:19
Source ::: Internews
ISLAMABAD • Pakistan President Asif Zardari and the Custodian of The Two Holy Mosques King Abdullah bin Abdulaziz of Saudi Arabia will have two meetings next month; first in Saudi capital Riyadh and second in New York within the gap of a week.
The second meeting is likely to take place in the presence of US President George Bush while the first meeting will come in the wake of the maiden visit of President Zardari to Saudi Arabia on the invitation of Saudi King commencing in the first week of November, official sources confirmed Sunday.
Good bye and good riddins
Are you really as stupid as you sound!!!! LOL
Zadari is backing the solar deal, and is the president of Pakistan.
Zardari 2nd most Richest man of Pakistan
ISLAMABAD: President Asif Ali Zardari is the second most richest person in Pakistan after Mian Muhammad Mansha Yaha with 40 Companies on Board.
It has been disclose in a list released in the Internet, which has shorlisted Pakistan’s Most Influential Business Tycoons who have made their presence felt for a better part of country’s history.
Mian Muhammad Mansha Yaha is ranked as No 1 with $2.5 billion thus one of the richest Pakistanis around with 40 Companies on Board. He owns Muslim Commercial Bank while setting up a 17m Paper Mill.
President Asif Ali Zardari is Ranked 2 with total assets worth &1.8 billion. Zardari has huge stakes in Sugar Mills all over Pakistan while also has huge Business Ventures in the Middle East running into hundreds of Million if not Billion Mark.
Anwar Pervaiz is ranked third with$ 1.5 billion and is the Chairman of Best Way Group that started in 1976 with its first Best way Cash and Carry warehouse opened in UK.
Sharif Brothers Nawaz Sharif and Shahbaz Sharif are fourth on the list of most Richest persons in Pakistan with total assets ($ 1.4 billion).
Saddaruddin Hashwani, Chairman of Hashoo Group who is known for his dominance in Hotel Industry is ranked 5th with (1.1 billion dollars).
While on the other hand, Nasir Schon, Abdul Razaak Yakoub, Tariq Saigol, Dewan Yousaf Farooqui complete the list of Pakistan’s Most Richest Persons.
The list has been prepared very carefully in consultation with leading Real Estate Barons, Stock Moguls, Business Leaders of Virtue and Senior Bureaucrats.
BGMO to the rescue.
President Zardari asks Water and Power Ministry to step up plans to overcome power shortage
ISLAMABAD, Oct 25 (APP): President Asif Ali Zardari Saturday asked the Water and Power Ministry to step up plans for overcoming the severe ower crises that had gripped the country. He said this during an emergent meeting on power situation in the country held here at the Presidency. The President said there was no alternative to reducing the pass-through cost of electricity and asked the Ministry to consider whether it can be done through commodity trading enabling the government to book oil in the international market on long term basis.
Earlier the Water and Power Minister Raja Pervaiz Ashraf gave a detailed presentation on the availability of power, the specter of load shedding and the prevalent tariff.
The Water and Power Minister said the Special Committee constituted to review the increased power tariff had already decided to provide interim relief to the consumers and a sub committee had been set up to review the tariff structure.
Raja Pervaiz Ashraf said there was a power deficit of over 4700 mega watt in the country which had necessitated long hours of load shedding.
Hillard is on his way to Pakistan.
4 Major companies meeting him there, 2 New York stock exchange listed companies and 2 very large private companies from the UK and the middle east, 1 comany with over 390 Billion in assests under management.300 Million will only be the first phase of this project, total project will be north of 2 Billion.
EQUALS $20.00 DOLLAR STOCK
aston as cramer would say YOU KNOW NOTHING !!!! lol
300 MILLION DOLLARS 32 million shares out
EQALS $9.40 A SHARE you are about to get carved a new arsse LOL!!!!!!!
Hillard Herzog phone # 702-269-0820
Email hillardbergamo@aol.com
I talked to him at that # every week so what other lies do you have
Every investor should do there own due dillegence,Hillard is leaving for Pakistn tommorow.
If you do not believe then short the stock MORON!!!!!!!!!
Looks like a typo to me, Hillard is getting old.
I talked to Hillard today, he told me they are a fund in the UK WITH 4.5 BILLION under management, he also said he has entered into another financial agreement with a major company for further funding of the solar project. Everybody will be meeting in Pakistan next week, Hillard is leaving for Pakistan on Saturday. I would not be concerned with the market right now, let’s see what it does when he gets back from Pakistan.
BIG NEWS 300 MILLION DOLLARS
BGMO.pk BERGAMO ACQUISITION CORP RECEIVES SIGNED LETTER OF INTENTOct 23, 2008
Pink OTC Markets News Service
Henderson, NV— Henderson, NV October 23rd,2008 (BGMO.pk) Bergamo Acquisition Corp has received a signed letter of intent from LNBG. The subject of which relates to the prior announced disclosures by company of its intention to enter into the renewable energy field.
LNGB as previously discussed and disclosed, has agreed to asist Bergamo Acquisition Corp and will provide 300 million us dollars to be used at Bergamo Acquisition Corp's sole discretion in connection with its energy project in Pakistan.
Bergamo Acquisition Corp has signed a proposal and has entered into a non-exclusive financial agreement to additionally support its entry into the renewable energy field. In furtherance of these proposals travel arrangements for the management of Bergamo Acquisition Corp to travel Pakistan are finalized and will be joined by the other intrested parties to conclude the agreements previously negotiated.
Statements included in this release related to Bergamo Acquisition Corp., may constitute forward -looking statements within the meaning of the Private Securities Litigation reform act of 1995. Such statements involve a number of risks and encertainties such as the ability to locate additional debt or equity financing on the company's ability to obtain new orders and fullfill them on profitable terms. Further information on potential risk factors that could affect the Company's financial results can be found in the company's reports filed with the Pink Sheets News Service.
Contact Hillard Herzog President
Bergamo Acquisition Corp
Tel 702 269 0820
Fax 702 269 4523
e-mail hillardbergamo@aol.com
More buying comming in today,looks like buying is comming in from the middle east.Looks like big news could come soon ,lets hope we get news on the project being financed then we will be off to $ 20.00 bucks.
I will not even reply to you MOOOOORRRRROOOOONNNN
Nice Volume today must be big news comming soon, hopefully news on financing the solar project.with major companys as partners.
Good news for bgmo
ISLAMABAD, Oct 20 (APP): President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani held meetings on the shortage of electricity in the country at the Aiwan-e-Sadr on Monday. The President and the Prime Minister directed the concerned authorities to ensure uniform tariff structure and rates for respective categories, across the country with immediate effect.
Nice volume today,a couple more days like today and there will be no more shares left in the float.
300 million dollar project, is not money people are gambling.making stupid comments like you do makes you look like a idot.
1 300 million dolar solar project.(first phase)
2 20 year goverment contract to buy all the energy prduced.
3 major companys backing the project.
4 a democratic goverment that wants and needs the electricty for its people
5 EQUALS A $20 DOLLAR STOCK
BGMO is up 100% is last two weeks while everyone else is getting hammered,invest in quality and you will sleep like a baby at night.
GOOD NEWS FOR BGMO
October 12, 2008 Sunday Shawwal 12, 1429
Zardari for steps to end power shortage
By Our Reporter
ISLAMABAD, Oct 11: President Asif Ali Zardari directed the ministry of water and power on Saturday to take steps on a war footing to end power shortage and eliminate loadshedding.
During a presentation given by the ministry on “International Competitive Bidding for New Independent Power Producers and Rental Power Projects on Fast Track”, he said that tackling the power and energy issue was critical to economic development.
The president asked the ministry and the Planning Commission to study models of other countries to attract international investment in the energy sector.
He said setting up of dedicated power plants for specialised sectors like industrial units should also be considered.
Mr Zardari showed keen interest in measures taken for resolving the power crisis in Karachi and asked that required steps be taken expeditiously.
He said that he would chair another meeting on power situation in Karachi.
The meeting also discussed progress made and issues involved in raising of Mangla dam and the Trabela dam de-silting.
The Minister for Water and Power, Raja Pervez Ashraf, who led the team that gave the presentation, talked about steps taken so far to end loadshedding by the end of next year.
The meeting was informed that the Private Power Infrastructure Board (PPIB) had completed the bidding process in only 117 days after the cabinet decision of May 14 to invite bids for 1,000 MW IPPs and 500 MW rental projects. As a result of encouraging response, 42 requests for proposals had been issued to the interested sponsors and investors.
According to the presentation, 12 bids were received within the deadline and their evaluation report was submitted to the Economic Coordination Committee of the cabinet on Sept 10.
The ECC approved three IPPs of 929 MW and two rental projects of 437 MW. Then Nepra was advised to approve tariff of these projects in accordance with the guidelines for determination of tariff for IPPs.
The Deputy Chairman of Planning Commission, Salman Farooqi, Water and Power Secretary Ismail Qureshi, Wapda Chairman Shakeel Durrani, Nepra Chairman Khalid Saeed, KESC Chief Executive Officer Navid Ismail, Pepco Managing Director Fazal Ahmad Khan and PPIB Managing Director Fayyaz Ellahi also attended the meeting.
Green Energy Gets Presidential
Even the presidential candidates are touting alternative energy as a solution for not only the energy crisis, but for the financial crisis as well.
Consider this question from last Tuesday night's debate, along with Senator McCain's response:
With the economy on the downturn and retired and older citizens and workers losing their incomes, what's the fastest, most positive solution to bail these people out of the economic ruin?
McCain: "I have a plan to fix this problem and it has got to do with energy independence. We've got to stop sending $700 billion a year to countries that don't want us very — like us very much."
Later in the debate, he continued: "We have to have all of the above, alternative fuels, wind, tide, solar, natural gas, clean coal technology. All of these things we can do as Americans and we can take on this mission and we can overcome it. My friends, some of this $700 billion ends up in the hands of terrorist organizations."
Obama, for his part, also had grand things to say about alternative energy:
Energy we have to deal with today, because you're paying $3.80 here in Nashville for gasoline, and it could go up. And it's a strain on your family budget, but it's also bad for our national security, because countries like Russia and Venezuela and, you know, in some cases, countries like Iran, are benefiting from higher oil prices.
So we've got to deal with that right away. That's why I've called for an investment of $15 billion a year over 10 years. Our goal should be, in 10 year's time, we are free of dependence on Middle Eastern oil.
And we can do it. Now, when JFK said we're going to the Moon in 10 years, nobody was sure how to do it, but we understood that, if the American people make a decision to do something, it gets done. So that would be priority number one.
Obama continued:
And it is absolutely critical that we understand this is not just a challenge, it's an opportunity, because if we create a new energy economy, we can create five million new jobs, easily, here in the United States.
It can be an engine that drives us into the future the same way the computer was the engine for economic growth over the last couple of decades.
And we can do it, but we're going to have to make an investment. The same way the computer was originally invented by a bunch of government scientists who were trying to figure out, for defense purposes, how to communicate, we've got to understand that this is a national security issue, as well.
If you haven't grasped the point yet, what we're talking about here is a moonshot. A Manhattan Project for 21st century problem.
And, along with it, the greatest investment opportunity of a lifetime.
Everyone—everyone—is trying to get a piece of it. You can, too. And you should.
Why?
Because we're dealing with an industry that was worth $33 billion in 2004, but that will be worth $450 billion in 2012! A growth of 1264% in eight short years.
Not only that, but it'll be worth $600 billion in 2020. And those are conservative estimates.
Listen. Even Big Oil knows what's coming: a massive shift in energy use, away from traditional fossil fuels and toward renewable energy sources.
And every single oil major is throwing money at alternative energy projects in attempts to ensure their businesses prosper when the last well is tapped.
Shell, BP, Conoco-Phillips, and Chevron reported spending as much as $3.5 billion in recent years on solar, wind, biofuels, and other renewable energy projects.
You need to be in on this.
To that end, I've prepared a full report on
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Wednesday, October 1st, 2008
Dear Energy and Capital Reader,
Oil execs across the globe are coming clean. And their confessions are worth billions to investors like you and me.
For the past few years, Big Oil has been pouring investment dollars into clean and alternative energy investments... because they know the days of peddling black gold are numbered.
Oil companies know, better than anyone, that the end of the oil age is upon us. And those companies that don't prepare now will soon be worth about as much as typewriter ribbon manufacturers.
Each of the oil majors has serious initiatives that run the gamut from solar to wind to biofuels.
The point is, Big Oil isn't against renewable energy... they're one of its biggest supporters.
But in this race to find green energy solutions, none of the Big Oil companies will be the winner. They're simply too late to the game.
Instead, it'll be the hundreds of established alternative energy companies that come out ahead. The ones that already have the "early mover" advantage.
As Big Oil rushes to get into alternative energy for the lucrative profits it offers, you should be doing the same. And I'll guide you every step of the way.
In fact, I've prepared a full report on the matter that includes all the details you need to start earning massive energy profits under my direct supervision.
Call it like you see it,
Nick
Dear Reader,
It's finally happening...
Oil execs across the globe are coming clean. And their confessions are worth billions to investors like you and me.
You see, on April 1st 2007, top executives from the five biggest U.S. oil companies were called to Washington in a meeting to discuss rising energy prices, and - more importantly - their role in it.
But while the politicians were busy saving face and scoring votes by lecturing Big Oil's top brass, savvy energy investors were loading up in the alternative energy sector.
Why?
Because in their effort to placate those Washington bureaucrats, they let the cat out of the bag...
Big Oil Has Gone Green!
To be honest, it was never really much of a secret.
The truth is, Big Oil's been on the green bandwagon for almost a decade now... quietly funneling billions of dollars into the alternative energy sector.
Sure, they're still peddling black gold. After all, that's their (and our) life's blood.
But they know, better than anyone, that the end of the oil age is upon us. And those companies that don't prepare now will soon be worth about as much as typewriter ribbon manufacturers.
Don't believe it?
Well, Big Oil does.
Take a look...
Incidentally, Shell is also a major wind developer. The company participates in wind projects with a capacity of over 1,100 MW - or enough to power more than a half-million homes.
The "Rockefeller Shareholder Stipulation"
Old Money's Going the Way of New Energy
Earlier this year, the Rockefeller family, which still holds tremendously large positions in Exxon stock, put forward an alarming shareholder resolution...
... One that would require an independent chairman oversee Exxon's operations, so that the company could "better maximize long-term shareholder value in a rapidly changing energy environment."
The Rockefellers, no strangers to money, are demanding Exxon's future include a stake in renewable energy. But it's BP that may have the most comprehensive alternative energy strategy of them all.
Here's how they see the future of energy...
BP plans to invest about $8 billion over 10 years in alternative energy technologies.
The company's alternative energy priorities for 2010 include:
A 3 GW wind power capacity (enough to power over 2 million homes)
About 800 MW of solar capacity (enough to power half a million homes)
The development of new biofuel projects across the globe
Point is, Big Oil isn't anti-alternative energy.
Big Oil is an active participant!
After all, what else could you expect when there's as much as...
$20 Trillion Up For Grabs
You read that right - $20 Trillion!
Here's the situation...
According to the International Energy Agency (IEA)...
The world's primary energy needs are projected to grow by 55% between 2005 and 2030.
Chinese and Indian crude oil imports will almost quadruple by 2030, creating a supply crunch no later than 2015.
Coal demand will rise by 73% between 2005 and 2030.
Because of this unprecedented demand for energy, the IEA found that $20 trillion of investment in supply infrastructure is needed to meet projected global energy demand.
And where will a big chunk of this money go?
The same place it's been going for the past few years - alternative energy.
In fact, from 2006 to 2007 alone, new investment in alternative energy soared a full 60%... to $148.4 billion.
And what about the investment growth rate for exploration and development in oil and gas?
Nothing. Zilch.
Not even a 1% increase.
So, if the world is so desperate for more energy (especially oil... with Chinese and Indian imports expected to quadruple by 2030), why was so much poured into alternatives, and so little poured into oil and gas?
Simple.
Because the smart money always piles into a sure thing. And no matter how you slice it, the basic fundamentals of supply and demand favor the long-term success of alternative energy.
That's why Big Oil, the big institutional investors, and all those hot shot venture capital firms are injecting hundreds of billions of dollars into the alternative energy sector.
And if you don't believe it, take a look at these findings from a 2008 UN report on global trends in alternative energy investment.
In 2007...
Early-stage venture capital investment surged 112% to $2 billion.
Research and Development spending on clean energy and energy efficiency was $16.9 billion.
Alternative energy companies more than doubled the amount of money they raised on the world's public markets in 2007, raising $27 billion.
Financing of sustainable energy assets grew by 61% to $108 billion.
$30 billion was under management in core clean energy funds.
Even developing countries are shifting investment priorities.
New clean energy investment in China, India, and Brazil grew from $1.8 billion in 2004 to $26 billion in 2007.
That's a growth rate of more than 1,300% in only 3 years... at the same time spending remains flat for oil and gas exploration and development.
Of course, the total investment that'll be plowed into alternative energy by 2030 won't even come close to the $20 trillion the IEA expects we'll need.
Truth is, most analysts believe alternative energy will only cover about 5% of that total investment.
But that still comes in at $1 trillion.
My friend, based on where we are today - that's a potential growth of 573%.
That means alternative energy investors like, BP, Shell, Chevron - and you and me - are looking at a...
30.6% Annual Growth Rate...
For The Next 22 Years!!!
I don't know of many sectors that can boast such an impressive growth rate.
And I know of even fewer that can boast the kinds of returns the alternative energy sector has delivered for investors over the past few years.
Even in today's market - which is more volatile than anything we've seen in nearly 80 years - those who are properly positioned to take advantage of the coming energy crisis will continue to make a fortune in alternative energy.
And I want to prove it to you...
My name is Nick Hodge, and I'm the managing editor of the Alternative Energy Speculator.
In 2008, during one of the absolute worst markets in recorded history - I helped investors avoid the pitfalls of a full-blown market meltdown, while successfully leading them to double- and triple-digit gains in the alternative energy sector.
From a 121% gain on a Canadian marine energy play to a 262% gain on a tiny thin-film solar company (a recommendation that few on Wall Street even knew existed) - Alternative Energy Speculators were cashing in while the Dow nosedived into oblivion... and Wall Street ran for cover.
In fact, we've been so successful that I decided to write a special report which explains specifically how you can get a piece of this action, too.
And I'd like you to have it, absolutely free.
In this report, I spell out specifically...
How to identify which solar stocks will deliver the biggest (and fastest) gains - with or without government subsidies.
Which transitional alternative transportation fuels are going to come online first - and the top two stocks that could produce gains in excess of 62% - within the next 3 months.
How to play the only marine energy stock that could potentially be a triple-bagger in less than 1 year.
Where to find the two most undervalued geothermal stocks in the market. Both already have power purchase agreements under development with the major utilities, and both are sitting on two of the largest geothermal reserves in the U.S.
How one alternative power technology company could enable solar and wind to become uninterruptible power suppliers. This is a major game-changer, and could send this stock soaring by more than 312% by this time next year.
By the way, that last company I just told you about (and one you'll read about in your free report) has been working with Chevron since 2005!
Like I said earlier, Big Oil's all over this.
And so are we!
That's why we started the Alternative Energy Speculator in the first place...
To capitalize on the global transition to alternative energy.
Because the fact is, this transition IS going to happen. In fact, it's already started - and we're profiting every step of the way.
Take a look at the kinds of gains we've captured in 2008...
Arise Technologies (TSX:APV) - 262%
Solarfun Power Holdilngs (NASDAQ:SOLF) - 182%
Emcore Corporation (NASDAQ: EMKR) - 156%
Xantrex Technologies (TSX:XTX) - 25%
Sierra Geothermal (TSX-V:SRA) - 90%
And there's plenty more to come, too.
In fact, at this very moment, we have 12 new stocks in our queue.
That means, at any moment, we're going to issue as many as 12 new recommendations.
Moreover, we're booked solid until Fall 2009 - traveling across the globe, checking out the latest in alternative energy start-ups and technologies.
After all, in order to deliver the kinds of gains we've been producing all year - you can't sit behind a computer all day. You can bet Big Oil certainly isn't.
Believe me, during my travels, it's rare that I don't run into some of those Big Oil reps at conferences, facility tours or research junkets.
It's getting to the point where we're actually tipping off our readers on companies that we know Big Oil's taking a stake in.
Bottom line: Whether it's the big market movers or individual investors like you - you will find no greater profit potential than in the alternative energy sector.
And that's why I want to send you my free report, "Alternative Energy: $1 Trillion for the Taking," right away.
With this report as your guide, you'll have the opportunity to join us as we continue to exploit every opportunity afforded to us by the coming energy crisis - and the full-scale integration of alternative energy.
I'll even give you the names of my 22 favorite alternative energy stocks, and explain why these stocks MUST be a part of your overall portfolio.
Just accept this risk-free charter membership to the Alternative Energy Speculator, and you'll instantly have access to this free report...
You'll also receive a username and password for the Alternative Energy Speculator web site - where you can view past issues, keep track of the stocks in the portfolio, and read all of our other reports... including the ones on those solar and geothermal stocks I mentioned earlier.
In addition, every week you'll receive detailed updates on the companies in the Alternative Energy Speculator's portfolio. You'll learn how they're doing, the latest in their research, and any breakthroughs that come through in the sector.
Plus, the second we decide to add or sell a company, I'll contact you - instantly.
You'll know at what price to get in, how much you should expect to make and, most importantly, when to sell.
These instant alerts are simply too important for the weekly issue.
And that's not all!
We know there's more to "easy" money in the world than strictly energy. In fact, while people think that oil's the most important resource that makes the world go round, it can't touch my other area of expertise...
The #1 resource you absolutely can't live without... water.
It might sound strange to some, but fresh water is in seriously scarce supply in many parts of the world. Take a look at some of the water research unveiled in my report:
Only 2% of the world's water is freshwater
By 2025, nearly two-thirds of the world's population will be water stressed
450 million people in 29 countries currently face severe water shortages
And, right now, out of the hundreds of water companies out there, I have located the five best on the planet. Each one services, and profits, from a different angle of the water industry - and they're doing this in countries all over the globe.
You can read all about these companies and start collecting MASSIVE dividends today with your second bonus report, Water: Profiting from the Disappearance of the World's Most Valuable Resource!
The Cost for All This?
Here's the deal. Considering all the time that goes into uncovering these little-known, but highly profitable energy plays found in the Alternative Energy Speculator and the substantially larger gains involved, we had no choice but to make it somewhat pricier than our flagship Green Chip Stocks service.
In other words, we had to cover our own cost of unearthing these gems. Since we do a great deal of travel, meet with CEOs, and inspect many of the companies with our own eyes, it tends to get pricey... especially when you consider how many opportunities we turn down before we actually find one worth getting excited about.
That's why the normal membership fee to the Alternative Energy Speculator is $495 a year.
But listen. Because this is our introductory offer, I'm offering a one-shot deal:
Pick up the Alternative Energy Speculator, including your Bonus Report, Alternative Energy: 1 Trillion for the Taking, and the second water report, Water: Profiting from the Disappearance of the World's Most Valuable Resource, for only $199 a year!
That's a full 70% savings off the regular annual price - and you still get both reports, weekly emails, urgent buy and sell updates, and full access to the Alternative Energy Speculator web site!
And there's more.
I'll even throw in a copy of my soon-to-be-released book: Investing in Renewable Energy, which I co-authored with Jeff Siegel and Chris Nelder.
So here's what you get: membership in the Alternative Energy Speculator, two in-depth reports, my weekly updates and recommendations, and a FREE copy of my new book...
All for just $199 a year if you accept this offer today!
And here's my promise to you:
I will give you 30 days to examine our top-notch research and investment philosophy. If you decide that the Alternative Energy Speculator is not for you at any time during this trial period, simply let me know in the first 30 days, and I'll completely reimburse you every penny. That's right - every penny.
You can even keep the book. It's my gift to you.
So if you're ready to join the elite group of alternative energy insiders, let's get to work. Just click the subscribe button below.
http://www.angelnexus.com/o/op/9199
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The U.S. gives the Pakistan goverment 1.5 billion a year
The U.N. gives the Pakistan goverment 4.0 billion a year
BGMO HAS A 20 YEAR GOVERMENT CONTRACT THAT WILL MAKE A BIG DIFFERENCE
UAE, US and UK promise to back Zardari
James Reinl, United Nations Correspondent
Last Updated: September 29. 2008 9:27PM UAE / September 29. 2008 5:27PM GMT UNITED NATIONS // Pakistan’s new president, Asif Ali Zardari, won an international show of support as the UAE joined the United States and Britain in a coalition pledged to assist the country’s new democratic government.
Sheikh Abdullah bin Zayed, the UAE’s Minister of Foreign Affairs, joined statesmen at the inaugural Friends of Pakistan Group meeting on the sidelines of the UN General Assembly in New York.
The global coalition of the UAE, the United States, Britain, eight other countries, the European Union and the UN is designed to help Pakistan reverse economic decline and fight terrorism following Mr Zardari’s election.
“We fully back Pakistan. The UAE has been a very close ally, friend of Pakistan. But we want to further our relationship with Pakistan,” Sheikh Abdullah told reporters in New York after Friday’s meeting.
“We want to show our Pakistani friends and brothers our commitment towards them. So I really thank our friends from the US and the UK in joining us today with the president and helping Pakistan in its new future.”
Mr Zardari, widower of the assassinated former Pakistani prime minister Benazir Bhutto, was elected president earlier this month, replacing Pervez Musharraf.
The group pledged to address Pakistan’s energy shortfall, help build its democratic institutions and promote stability and development, particularly in the tribal border areas that have been a haven for militants, the US state department said in a statement.
The US secretary of state, Condoleezza Rice, said Washington would work with Islamabad, the International Monetary Fund, the Asian Development Bank and the World Bank to support Pakistan as it struggles with a surge in its current account deficit, a slide in the rupee and a sharp drop in foreign currency reserves.
“We know that Pakistan has many challenges in security, in the economy and in bringing stability to this young democracy,” Ms Rice said.
“The international community will be by their side as they make difficult decisions and move toward a more stable and prosperous Pakistan.”
A new complication in cross-border tensions emerged on Thursday when US and Pakistani ground forces exchanged fire across the Afghanistan-Pakistan border. US and Pakistani officials clashed over whether American helicopters had entered Pakistan.
That incident followed a US campaign of attacks on militant targets inside Pakistan, including a commando raid on a village compound in South Waziristan on Sept 3.
Ms Rice played down the dispute, saying Washington would help meet Mr Zardari’s appeals for international support for Pakistan’s strategy to deliver economic development and alleviate food and energy shortfalls.
“We discussed all the weaknesses” as well as the South Asian nation’s strengths, Mr Zardari said. “We are going to do something for our country, and we are all together.”
The group, expressed “outrage” at acts of terrorism against Pakistan, such the Sept 20 attack that destroyed the Islamabad Marriott hotel, killing 53 people and injuring more than 260.
“I think this Friends of Pakistan meeting today has been a very strong signal of political support and a means of practical support for the democratically elected government of Pakistan,” said David Miliband, the British foreign secretary.
Mr Zardari said the group, which also includes Australia, Canada, China, France, Germany, Italy, Japan, and Turkey, had agreed to meet in Abu Dhabi next month.
“It just proves that all the world cares,” said Mr Zardari.
“The people of Pakistan can rest assured the democracy does work, and it is working. It is the success and the victory of a democratic Pakistan.”
jreinl@thenational.ae
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Big news for Pakistan
World Bank assures Zardari of support
* WB President Robert Zoellick has $1.34 billion programme for Pakistan
NEW YORK: The World Bank (WB) has $1.34 billion worth of projects planned for Pakistan this year, WB President Robert Zoellick told President Asif Ali Zardari on Thursday at the United Nations General Assembly session.
Zoellick said the WB programme included projects for energy, water and infrastructure, and assured Zardari the WB would support both development in the Federally Administered Tribal Areas (FATA) and poverty alleviation.
The future is SOLAR
Government-Guaranteed Energy Profits
By Nick Hodge | Wednesday, September 24th, 2008
I've been saying this day would come.
I called for it back in February. Again in March. Once more in July. And twice again this month.
Late yesterday, it finally happened.
After eight failed attempts so far this year, members of the Senate extended renewable energy tax credits for the wind and solar industries.
And, as I've been saying for a while, the event triggered a huge rally for the companies in those sectors. More on that in a moment.
First, let's talk about what's at stake.
H.R. 6049: The Massive Solar Profits Act
Extending the tax credits was once a contentious partisan issue, failing eight times, mostly due to Republican filibusters.
But it's not contentious or partisan anymore. With an election looming, each party wants to support renewable energy because of its high consumer (voter) appeal. Plus, extending the credits secures at least 115,000 jobs and $19 billion in new energy investment.
Here's what the bill, officially called the Energy Improvement and Extension Act of 2008, guarantees:
$18 billion in tax credits for using wind, solar, and geothermal energy sources
A 30% tax credit for the purchase of residential, commercial, and utility-scale solar photovoltaic systems with no cap for eight years
The extension of the production tax credit for wind for one year
The extension of tax credits for wave and ocean tidal energy projects
That residential small wind, geothermal heat pumps, and commercial also qualify for tax credits
Taxpayers subject to the Alternative Minimum Tax (ATM) will also be eligible for the tax credit
Several of those bullets are a major departure from normal policy, and will have significant implications for energy investors.
You see, this piece of legislation removes the cap for the maximum available 30% tax credit for both residential and commercial solar systems that once stood at $2,000.
This means many more large solar projects will be initiated because project financiers are guaranteed to get back at least 30% of their investment with no cap. So the demand for solar panels is certainly going to rise.
We're already seeing the initial effects of the bill. The solar sector as a whole is up anywhere from 5-10% just on the Senate news. But there is much more to come.
This new legislation also allows utilities to reap the solar tax credits, which was not previously allowed. This will also spur increased solar spending because utilities are required to generate a certain percentage of their electricity from renewable resources by law.
According to Piper Jaffray analyst Jesse Pichel, this will "further drive demand for low-cost thin film and high efficiency solar PV."
The bill now goes back to the House for what is shaping up to be a speedy approval without changes. That shouldn't be a problem since the Senate, which never agrees on anything, passed this bill with a 93-2 vote.
Plus, the president, who has offered veto threats to such measures in the past, has issued a Statement of Administration Policy expressing support of the renewable energy tax credits and the Alternative Minimum Tax (AMT) provisions in the bill.
He is expected to sign it when it reaches the Resolute Desk.
Folks, in uncertain economic times like this, it's nice to know there's a government guaranteed market out there. And energy spending isn't discretionary... it's one of the fundamental staples of our economy.
Guaranteed Energy Profits
I'm going to be frank.
A lot of money stands to be made from the companies poised to capitalize on this legislation.
You have to understand, new solar and wind projects have been on the wane because it was uncertain whether or not this bill would get passed by the end of the year,.
Since projects need to be completed before the tax benefits can be issued, companies were hesitant to start new projects that wouldn't be finished by the end of the year when the credits expired.
Now, the race is on.
And I knew it was coming. As I told you earlier, I've been calling this for months.
I've also perfectly positioned the savvy investors of the Alternative Energy Speculator to reap the massive benefits.
In anticipation of this bill, I've methodically placed stocks with best chance for profit in the portfolio over the last few months.
A blast to the future
Press Release
Bergamo Acquisition Corp. Announces Project to Cover 300 Million US Dollar Energy Program
HENDERSON, Nev., Sep 10, 2008 (BUSINESS WIRE) -- Bergamo Acquisition Corp. (Pink Sheets:BGMO) has entered into a prospective joint venture partnership with an internationally known supplier of energy who is represented in all areas of the globe, and is listedfor trading on a majortrading exchange. Our companies have signed a mutual non-disclosure agreement.
Dear Stockholders,
Your company has received today a finalcommunication from the Government of Pakistan and has been invited, alongwith its joint venture partner, to attend meetings in Pakistan to finalize outstanding contract provisions. These meetings are to take place as per the Government's request from Sept. 22, 2008 to Sept. 26, 2008, or Oct. 6, 2008 to Oct. 10, 2008, pending travel arrangements.Theletter received today from the Government clearly spells out the details of the transaction. We can now confirm previous communications we have received from the Government.
1) Initial installation to cover 50 MGW photovoltaic multi-ground mounted solar arrays expandable to provide up to 200 MGW at initial cost investment of approximately 300 million US dollars.
2) Financial arrangements to cover the initial investment has been spelled out in the form of confirmed Government guarantees, one of which is the Government's contracts supporting 20 years of energy purchase contracts and the necessary land to support the installation.
As partof your company signing a non-disclosure agreement with its prospective joint venture partner, documents signed by the parties have been forwarded to the Government of Pakistan confirming its joint venture relationships covering this and any other energy project which the company has introduced to the joint venture.
Your company has provided to its joint venture partner the necessary documents to cover our relationship.
Statements included in this release related to Bergamo Acquisition Corp. may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties, such as the ability to locate additional debt or equity financing or reasonable terms, competitive factors, market demand for the company's products, and the company's ability to obtain new orders and fulfill them on profitable terms. Further information on potential risk factors that could affect the company's financial results can be found in the company's reports filed with the Pink Sheets News Service.
SOURCE: Bergamo Acquisition Corp.
CONTACT:
Bergamo Acquisition Corp., Henderson Hillard Herzog President 702-269-0820 hillardbergamo@aol.com
Copyright Business Wire 2008
Who cares
20 yesr goverment contract worth 100s of millions of $,thats why MORON.
Typical nothing inteligent to say.
--------------------------------------------------------------------------------
Friday, September 19th, 2008
Dear Energy and Capital Reader,
The renewable energy industry has spawned numerous billionaires. That's to be expected in an industry growing so rapidly.
Thing is, these billionaires have come from countries outside the United States because the international market was first to accept the renewable revolution.
Now, the race is on. And many more fortunes will be made as the use of wind and solar is ramped up. Solar and Wind are already the world's fastest growing forms of electricity generation.
Let's face it. The U.S. markets are in the pits, thanks to shady lending practices and misguided investments made by the nation's largest banks.
And now U.S. banks are looking to global firms to bail them out... because that's where the money is.
It's time to take things international if you want to make money in these troubled markets. The following report outlines how you can do just that.
Call it like you see it,
Nick
"Just as thousands were drawn to California and the Klondike in the late 1800s, the green energy gold rush is attracting legions of modern day prospectors in all parts of the globe," - Achim Steiner, UN Under-Secretary General
Dear reader,
The world's most elite investors - we're talking about the richest 1% - are going green.
In fact, according to the United Nation’s Environment Program, these folks actually plowed $148 billion into the renewable energy sector last year.
But there's one catch...
Nearly none of those investment dollars are staying in the U.S.
You see, the most profitable renewable energy markets aren't anywhere near the U.S.
Truth is, despite all the "green" hype here at home, both Germany and China beat out total domestic green investment last year by more than $6 billion.
And countries like Spain, Norway, and even Tunisia have government-backed renewable energy initiatives that dwarf anything happening stateside.
Heck, even Latvia will be getting 42% of its electricity from renewables in less
credibility of aston he has never even run a lemonade stand, and he is short the stock.
Read the news news moron it is only a matter of time.300 MILLION AND A MAJOR PARTNER
Bergamo Acquisition Corp. Announces Project to Cover 300 Million US Dollar Energy Program
Ticker Symbol: U:BGMO
HENDERSON, Nev. -- (Business Wire) --
Bergamo Acquisition Corp. (Pink Sheets: BGMO) has entered into a
prospective joint venture partnership with an internationally known
supplier of energy who is represented in all areas of the globe, and
is listed for trading on a major trading exchange. Our companies have
signed a mutual non-disclosure agreement.
¶ Dear Stockholders,
¶ Your company has received today a final communication from the
Government of Pakistan and has been invited, along with its joint
venture partner, to attend meetings in Pakistan to finalize
outstanding contract provisions. These meetings are to take place as
per the Government's request from Sept. 22, 2008 to Sept. 26, 2008, or
Oct. 6, 2008 to Oct. 10, 2008, pending travel arrangements. The letter
received today from the Government clearly spells out the details of
the transaction. We can now confirm previous communications we have
received from the Government.
¶ 1) Initial installation to cover 50 MGW photovoltaic multi-ground
mounted solar arrays expandable to provide up to 200 MGW at initial
cost investment of approximately 300 million US dollars.
¶ 2) Financial arrangements to cover the initial investment has been
spelled out in the form of confirmed Government guarantees, one of
which is the Government's contracts supporting 20 years of energy
purchase contracts and the necessary land to support the installation.
¶ As part of your company signing a non-disclosure agreement with
its prospective joint venture partner, documents signed by the parties
have been forwarded to the Government of Pakistan confirming its joint
venture relationships covering this and any other energy project which
the company has introduced to the joint venture.
¶ Your company has provided to its joint venture partner the
necessary documents to cover our relationship.
¶ Statements included in this release related to Bergamo Acquisition
Corp. may constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements
involve a number of risks and uncertainties, such as the ability to
locate additional debt or equity financing or reasonable terms,
competitive factors, market demand for the company's products, and the
company's ability to obtain new orders and fulfill them on profitable
terms. Further information on potential risk factors that could affect
the company's financial results can be found in the company's reports
filed with the Pink Sheets News Service.
Contacts:
Bergamo Acquisition Corp., Henderson
Hillard Herzog
President
702-269-0820
300 MILLION DOLLAR DEAL WOW!!!
Bergamo Acquisition Corp. Announces Project to Cover 300 Million US Dollar Energy Program
Ticker Symbol: U:BGMO
HENDERSON, Nev. -- (Business Wire) --
Bergamo Acquisition Corp. (Pink Sheets: BGMO) has entered into a
prospective joint venture partnership with an internationally known
supplier of energy who is represented in all areas of the globe, and
is listed for trading on a major trading exchange. Our companies have
signed a mutual non-disclosure agreement.
¶ Dear Stockholders,
¶ Your company has received today a final communication from the
Government of Pakistan and has been invited, along with its joint
venture partner, to attend meetings in Pakistan to finalize
outstanding contract provisions. These meetings are to take place as
per the Government's request from Sept. 22, 2008 to Sept. 26, 2008, or
Oct. 6, 2008 to Oct. 10, 2008, pending travel arrangements. The letter
received today from the Government clearly spells out the details of
the transaction. We can now confirm previous communications we have
received from the Government.
¶ 1) Initial installation to cover 50 MGW photovoltaic multi-ground
mounted solar arrays expandable to provide up to 200 MGW at initial
cost investment of approximately 300 million US dollars.
¶ 2) Financial arrangements to cover the initial investment has been
spelled out in the form of confirmed Government guarantees, one of
which is the Government's contracts supporting 20 years of energy
purchase contracts and the necessary land to support the installation.
¶ As part of your company signing a non-disclosure agreement with
its prospective joint venture partner, documents signed by the parties
have been forwarded to the Government of Pakistan confirming its joint
venture relationships covering this and any other energy project which
the company has introduced to the joint venture.
¶ Your company has provided to its joint venture partner the
necessary documents to cover our relationship.
¶ Statements included in this release related to Bergamo Acquisition
Corp. may constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements
involve a number of risks and uncertainties, such as the ability to
locate additional debt or equity financing or reasonable terms,
competitive factors, market demand for the company's products, and the
company's ability to obtain new orders and fulfill them on profitable
terms. Further information on potential risk factors that could affect
the company's financial results can be found in the company's reports
filed with the Pink Sheets News Service.
Contacts:
Bergamo Acquisition Corp., Henderson
Hillard Herzog
President
702-269-0820
Your going to eat your words tomorrow aston you MORON;
GET READY FOR TAKE OFF,THE STOCK IS GOING TO HIGHER FAST.
That will be long enough to make a MILLION.$$$$$$$$$$
US looks forward to working with Zardari
WASHINGTON: The United States congratulated Asif Ali Zardari on his win in Pakistan’s presidential vote, the White House said in a statement. “President (George W) Bush looks forward to working with him, Prime Minister Gilani, and the government of Pakistan on issues important to both countries,” White House spokesman Gordon Johndroe said, according to AFP. Meanwhile, US Secretary of State Condoleezza Rice talking to reporters travelling with her in North Africa welcomed Zardari’s election as president and praised what she said was his emphasis on fighting terrorism, Reuters reported. agencies
Mr Zardari served as a Member of the National Assembly twice (1990-93 and 1993-96), as Federal Minister for the Environment (1993-1996) and as Federal Minister for Investment (1995-96).
He was the principal architect of the Benazir Bhutto government’s efforts to transform Pakistan’s energy power sector by encouraging major investment opportunities in power generation. He was also the initiator of the Iran-Pakistan natural gas pipeline project.
Zardari Wins Pakistan's Presidency
By PETER WONACOTT
September 6, 2008 9:00 a.m.
ISLAMABAD -- Asif Ali Zardari won the presidency of Pakistan Saturday, in a vote that continued the country's shift from military rule and completed a political resurrection for the controversial spouse of slain Prime Minister Benazir Bhutto.
The final tally from an electoral college showed Mr. Zardari with an unassailable lead of 482 votes out of 702 votes cast . The triumph reflected the political clout of his Pakistan People's Party among provincial and national assemblies as well as the Senate, which together made up the body casting the votes