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Monday, August 20, 2012 8:00:44 PM
Our strategic alliance group [Greenworld] has some detail embedded in their just released 10-Q that I think you will find interesting….
By the looks of it we are going to India?
GDI is also acting as intermediary for an Irish company to assist in the implementation and construction of a solar power plant in Bulgaria, funding for which GDI is currently negotiating with UAE/Chinese/Italian suppliers. If successful, GDI will earn a fee of approximately $360,000 and 10% of the equity of the project. GDI is involved with another company in the United Kingdom to develop a waste tire to energy facility. Again, there is, no assurance that we will be able to consummate this transaction.
Greenworld is actively associated with certain Wind Energy projects in India, with the hope and expectations of bring lower cost electricity to needy and impoverished regions within the country. Greenworld is currently seeking to raise 5,000,000 Euros, (approximately $6,400,000), for the company’s first joint venture operation in the wind farm power generation sector in India. There is no assurance that the Company will be able to raise this capital, and if we do not, we will not be able to commence this project.
Greenworld is also engaged in projects in the development of economic plant-biomass extraction technologies as well as technologies related to the sustainable production of environmentally friendly power generation including wind, biomass, small-scale hydro, geothermal, biogas and solar.
Your thoughts on how all this fits together???
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