3Power Energy Group Inc (PSPW)

[investor_investor]

A buck? By the end of this year, PSPW may be back to its $2 levels. They have several projects being completed by the end of this year according to the website.

http://3powerenergy.com/generation-wind.html

Chile
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.


Nicaragua
3Power's team is negotiating to participate in a 39.6 MW wind power project in the south west of Nicaragua. Twenty two of Vestas 1.8 MW wind turbine units are scheduled to be installed by the end of 2011.

A power purchase agreement with fixed prices has been signed with Dissur-Disnorte and the transmission connection agreement has been agreed with Enatrel.