Replies to post #55413 on Sun Pacific Holding Corp (SNPW)

[wallstreet1231]

Any updates/filing regarding the Durango project since the filing back in May - see below. Is financing now obligated? Has NMC secured a role in the project? TIA


Section 8 – Other Events


On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project.

https://www.otcmarkets.com/filing/html?id=14939041&guid=ojbwkFQ01_6YOth

My opinions.

[ProfitScout]

In addition to the SNPW project for a major solar power facility in Durango, Mexico, remember that the company also has other solar projects in the works including the one that was announced for Queensland, Australia. This is the time when effective clean energy power projects are needed all over the world like never before.

Sun Pacific Holding Corp’s Announces its National Mechanical Group Subsidiary Entered into a Partnership Agreement with Renewable Energy Engineers Aust. to Develop an initial 100MW Solar Farm in Queensland, Australia
News Link:
https://www.globenewswire.com/en/news-release/2021/06/15/2247425/0/en/Sun-Pacific-Holding-Corp-s-Announces-its-National-Mechanical-Group-Subsidiary-Entered-into-a-Partnership-Agreement-with-Renewable-Energy-Engineers-Aust-to-Develop-an-initial-100MW-.html