Sun Pacific Holding Corp (SNPW)

[drugmanrx]

Yes and we wish you stop spreading them.

LIES LIES AND MORE LIES!!

The truth from a source that one is held liable for

8K
" On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project."


10q Sep 2021
with ownership terms to be defined upon securing financing, the opportunity to develop and build a solar farm in Durango Mexico."

" Currently the Company is exploring migrating National Mechanical Group Corp from plumbing operations to partnering on a Solar Farm project in Durango Mexico in which it will partner with Soluciones De Energia Diversificada Internacional, S.A.P.I. (“SEDI”), a subsidiary of Blissful Holdings, LLC. "

Company update on SEC approved Twitter

Sun Pacific Holding Corp
@SunPacificPower
Our Australian partners' agreements are still in place, and we still continue to pursue our operations as well as our friends in Mexico. Any dealings we have with third parties are issued and negotiated signed contracts.
$snpw
6:53 PM · Jul 12, 2023

An update from the DEO via PR June 6 2023

Corporate Ads: Are plans still going forward for the Durango, Mexico solar project?

"Nick Campanella: We had all funding lined up and property and designers/EPC prepared. When we were ready to proceed the Mexican government made some drastic changes to the rule for 3rd party power generation which made our funders and banks BBVA concerned and so the project was put off for now. SNPW may entertain this opportunity again when the Mexican administration changes their regulations."


The sign of the times that backs the statement made in the PR

Mexico Blocks European Solar and Wind Plants to Favor State Utility July 13, 2022

" Energy regulator stops plants from operating amid permit delay
A dozen solar and wind plants await modifications to permits"

https://www.bloomberg.com/news/articles/2022-07-13/engie-enel-and-acciona-wind-solar-plants-blocked-in-mexico#xj4y7vzkg

Focus: As Mexico stalls major solar projects, companies turn to smaller workarounds August 22, 2022

https://www.reuters.com/world/americas/mexico-stalls-major-solar-projects-companies-turn-smaller-workarounds-2022-08-22/





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