BioPower Operations Corp (BOPO)

[sch100]

No credibility??? You do realize POWGEX was awarded the contract assignment (they got the bid) with the help of BOPO/HYFI…This is a massive deal …and it sounds like everything is falling into place..potential here is off the charts!

From 8k:
2.2. Contract Assignment Agreement Acceptance (11 April, 2023) between PowGex and Metbank, the key points of which are:

2.2.1. METBANK will coordinate with the Electricity Ministry, Treasury and/or any other relevant Ministry or Department, and/or Municipals to either:

2.2.1.1. Provide to POWGEX a Government Backed Power Purchase Agreement; and/or

2.2.1.2. Provide to POWGEX a Sovereign Treasury Guarantee backing a financial bond structure arranged by POWGEX and the funder; and/or

2.2.1.3. Provide to POWGEX a Sovereign Treasury Guarantee backing a financial structure created by POWGEX and the funder; and/or

2.2.1.4. Provide to POWGEX a Treasury Letter stating how the fiscal obligations (relating to this project) will be met by the South African Government.

2.3. Power Purchase Agreement(s): POWGEX will provide HYFI with an executed PPA, or an executed Memorandum of Understanding for a PPA(s) including a deadline for their completion, which outlines:

2.3.1. Off-taker (Eskom or similar);

2.3.2. Agreement duration;

2.3.3. Price Per Kilowatt Hour;

2.3.4. Estimated volume; and

2.3.5. Any other significant conditions.

2.4. Treasury Guarantee(s): POWGEX will provide HYFI with an executed undertaking to provide a Sovereign Guarantee(s) for all loan and bond issues, or an executed Letter of Intent to provide Sovereign Guarantee(s), including a deadline for its completion, which outlines: