We just needed a post today for review
Questions & Answers from 3power
Why things are taking long time?
The project allocation and selection is a very sophisticated process. The company has to go through a lot of procedures to make sure that the licenses, permissions, land title are all clean and clear from the legal point of view. Many hectares of land have to be visited and checked by our engineers and for the grid connected ones all the equipments, cablings, fittings will have to be examined in order to ensure the long term electricity generation. Insurances and long term financing banks documentation have to be completed. After all of the above, we have to prepare the placement memorandum digesting all these information to be presented to our cash equity providing investors. Considering the size of the projects we are trying to accumulate in our portfolio we are in fact moving on a very reasonable pace.
What are the plans for funding and when is that going to happen?
As soon as the due diligence is completed and placement memorandum as well as the S1 statement is filed we will be presenting the projects to a selected group of investors who have demonstrated their interest.
Are you planning to be on AMEX or any other main boards?
It is definitely one of our core objectives. We intend to take steps forward in this direction as soon as we complete the current projects acquisition and funding.
Why are you working on several resources at the same time, and why targeting such a large market foot print?
The answer to that is our Economic Strategy fundamental :
Balanced Risk Management+ Sustainable Revenues +Higher Margins = Shareholders Value
