Friday, March 30, 2018 12:26:34 AM
North Randall, Ohio, January 17, 2018 – Global PoleTrusion Group Corp. (GPGC) has entered into an agreement with an electrical distribution company under contract to the government of Panama for the installation, maintenance, and operation of a 5 MegaWatt (MW) solar plant in Los Santos Province, Panama. GPGC is currently working on engineering plans which will be completed by the end of April 2018, at which time a Power Purchase Agreement (PPA) will be signed.
The first phase of the project will produce 5MW of electricity. At a rate of USD 0.17 per kilowatt hour (kWh), this project will yield up to USD 50 million during the first licensing period of 20 years. In the second phase of the project, GPGC plans to sign a PPA with the Panamanian government to ensure a return on investment over a longer period. This will help support the country’s objective of having an energy matrix composed of 70% renewable sources by 2050.
The solar plant will be built on 20 hectares of land. Enfitec, a local Panama company, will provide sufficient land for future expansion in order to increase the energy capacity to 200MW in phases two and three of the project. The existing land offers the possibility of installing both solar and wind systems, as it is located at 1km from the Pacific Ocean.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM