The article´s author has to base his article on facts delivered from some source imho.
And I don´t think that he might have misunderstood a former IPWG press release because I could not find one where a date for the end of construction in Saudi-Arabia was mentioned so that he could have thought the construction has to be completed already.
So from whom the author did get the information that the waste-to-energy plant in Jizan is already constructed ???!!!???
Did IPWG work quietly behind the scenes so that the plant is ready now?
Remember the IPWG press release from 2006:
International Power Group Moves Forward in Process of Establishing Waste-to-Energy Plants in Saudi Arabia
CELEBRATION, Fla., Aug 23, 2006 (BUSINESS WIRE) -- International Power Group Ltd., (Pink Sheets: IPWG) has received authorization from the Kingdom of Saudi Arabia's Presidency of Metrology and Environment (PME) office to begin its due diligence in the city of Jizan, to determine the viability of establishing the Company's first waste-to-energy plant in Saudi Arabia. Jizan is located in the southwest of the Kingdom, near the border of Yemen. A team of consulting engineers and scientists working with IPWG will be conducting the research in Jizan.
Peter Toscano, CEO of IPWG, said: "We are pleased with the rapid progress being made towards establishing our first waste-to-energy facilities in Saudi Arabia. The Kingdom of Saudi Arabia's economy is one of the world's fastest-growing. This fast growth has strained the Kingdom's limited drinking water supply and its electricity resources. IPWG's waste-to-energy technology, with its purified drinking water by-product, is, we believe, the perfect solution to the Kingdom's waste disposal, drinking water and electricity needs."
Once this location is determined as viable, a timetable will be developed for construction of the waste-to-energy facility. The Company expects that plant construction would begin in late 2006.
