Buzz Technologies (BZTG)

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Buzz Technologies Inc (OTC:BZTG): Buzz Takes 20% Stake in Siam Solar Energy Co Ltd

Sep 05, 2008 (M2 PRESSWIRE via COMTEX) -- Southeast Asia faces enormous growth in energy demand to continue to fuel electricity generation, industrial processes, transport, and households in the coming decades. Tokyo-based Asia-Pacific Energy Research Centre (APERC) projects that energy demand in the and region (excluding Cambodia, Laos, Myanmar) will double from 252 million tonnes of oil equivalent (mtoe) to 525 mtoe between 1999 and 2020 How to best meet this demand poses a range of policy challenges for the region's governments and private sector, these challenges also lead to opportunity, and given the value placed on clean energy Buzz Venture Capital has chosen to partner with Siam Solar Energy Co Ltd.
www.siamsolarenergy.com in an 10 MW facility to be built in Thailand. Siam Solar Energy Co Ltd has already negotiated a long term energy supply deal with Thailand's Provincial Electricity Authority www.pea.co.th . The total project values at over $200m USD and is through Buzz Financial Services seeking to raise an additional $65m USD for expansion. Solar Technology, Equipment, Contracts, Licenses and Land are already in place, and the company is already capitalized to $63m USD.

The Provincial Electricity Authority is a government enterprise under the Ministry of Interior, established under 1960 Act by the Royal Decree executed on 20th September 1960.

Then published in the Government Gazette on 27th September 1960. The authority's responsibility is primarily concerned with the generation, distribution, sales and provision of electric energy services to the business and industrial sectors as well as to the general public in provincial areas, with the exception of Bangkok, Nonthaburi and Samut Prakran provinces. The PEA has expanded electricity supply to all areas covered 73 provinces, approximately 510,000 km2, accounting for 99% of the country's total area. In order to upgrade the quality of life of people and support other developments in rural area, PEA has developed and applied modern technology to electricity supply and distribution dispatching system for improving efficient, reliability and quality of service.

Energy supply is a crucial component for economic growth and Buzz Venture Capital. The International Energy Agency in Paris reported that as many as 200 million people in Southeast Asia do not have access to proper electricity. Buzz Venture Capital will continue to invest in developing Energy Assets in South East Asia.

CONTACT: Beth Simpson Tel: [phone] e-mail: [e-mail] WWW: http://www.12buzz.com

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