3Power Energy Group Inc (PSPW)

[davied25]

PSPW. I'm assuming i just missed this on the website before (or is this new?!), but...

"Chile

3Power's merger with Seawind (which has been present in Chile since 2004) provides access to a wind power portfolio in excess of 1 GW, of projects at different stages of development. The achievements embodied in the Seawind team include delivery of a number of extraordinary projects such as the installation of the highest altitude MW sized wind turbine in the world.

In 2011, 3Power intends to build two projects of 9 MW and 4.5 MW nominal power which are both permitted and ready to construct. The energy will be sold either under a power purchase agreement to private companies or 3Power will take advantage of the legal framework in Chile which provides preferential and guaranteed power dispatch of wind power projects.

The 9 MW development, located on a small peninsula in the South of Chile, will be based on 1.5 MW nameplate capacity turbines, sited after over three years of specialist wind climate monitoring. Construction activities are schedule to start in quarter one of 2011, with a completion in quarter four of 2011.

The 4.5 MW wind power project is located in Region VIII of Chile, 600 km south of the capital, Santiago and will use 1.5 MW nameplate capacity turbines. Construction activities are schedule to start in quarter one of 2011, with a completion in quarter four of 2011."