3Power Energy Group Inc (PSPW)

[davied25]

8k from 11/6/18, as well as previous 10q’s that mentioned Shala Energy PLC as the funding vehicle:

“On 15th September 2018, Shala Energy Plc, a company majority owned by 3Power Energy Group Inc, received a Finance Bank Capacity Letter on behalf of its group company, 3Power Shala Sh.p.k., confirming €253 million available debt and equity finance/investment, subject to satisfactory financial and technical due diligence confirmation and thereafter subject to agreeable debt and equity terms. The available finance and finance investment is dedicated firstly to the development and construction on the Shala River of Lekaj and Breg Lumi Hydropower Cascades and for the Vajisht Hydropower Dam, and secondly for further development and/or acquisition of Albanian hydropower facilities, totalling approx. 200 MW. The Shala River Power Plants are designed to provide 83.450 MW to generate 321,465,617 KW/h of exportable electricity. There is, however, no assurance that the debt and equity financing will close and be funded.”