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Re: knownbrave post# 18110

Sunday, 02/16/2014 11:18:07 AM

Sunday, February 16, 2014 11:18:07 AM

Post# of 36237
CEO Response to Not Getting PPA Post:

From: Jose Quiros [mailto:jquiros@v3rsant.com]
Sent: Saturday, February 15, 2014 6:16 PM
To:
Subject: Did you get this question by email?

No, I did not speak to anyone at least not for that post. Globeleq was part of a BOT bid, we did not participate. This bid took place years ago. Globeleq will return all turbines, land and all buildings at the end of the term, that is what a BOT means (Build, Operate and Transfer). We were not part of that, we are doing something different and unrelated. Grupo ICE does not make decisions for CNFL and CNFL has a different set of laws that govern it. Grupo ICE is governed by Law 7200/7508, CNFL by a different set of regulations. We did not participate and the Globeleq deal has no bearing on our project, we prefer to not transfer hard assets back to the buyer if we can help it. There are various other projects in Guanacaste for ICE and some for others including a small wind from for a rural cooperative they did themselves. We are happy for Globeleq and look forward to getting our project done. Gloebelq by the way is a Bain Capital funded entity that started with one small 20 MW facility in Guanacaste maybe 15 years ago. No reason we cannot be there with them.

Jose Quiros
jquiros@v3rsant.com
Cel. 719-505-3785

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