Replies to post #34266 on 3Power Energy Group Inc (PSPW)

[wakl]

Profit est .. Maybe roll over of albanian hydro and others YES !

[ed3/6me]

how many projects are in albania? that seems to be the 3rd company in it with our tech.

[davied25]

Possible Connection in Albania
Not sure if this is directly related since we haven't heard any mention of it so far, but we may have access to the Vlore port (or port project) on the Albanian coast. Rudana considered a partnership with Zumax AG for the port construction. I doubt it would be used in power production since its a port for container ships, but it could be used in transport. And from what we know about Seawind/Seawind Marine subsidiary (and their past offshore projects), this could prove to be something useful.

Feb 16, 2010
"Swiss construction company Rudana Investment Group expressed interest to launch projects for the reconstruction of major ports in the country. According to the executive director Hany Salem, Rudana mulls joining forces with UK-Swiss company Zumax AG, which has already presented a preliminary project for the construction of a container terminal and an industrial park in Vlora. Moreover, Rudana plans to cooperate with Dubai Port Authorities for this purpose. The Swiss investor expressed interest in participation in reconstruction of Durres port. Salem briefed PM Sali Berisha in a meeting, adding that Rudana considers also local energy sector as attractive field for investment."
Google this link and view the full cached version: http://www.securities.com/googlenews.html?pc=AL&doc_id=253853024
http://www.alacrastore.com/storecontent/ISI_Intellinews/IntelliNews_Today-AL253317328

March 1, 2010
Zumax AG won the concession worth 1.18 billion Euro for the port construction. Not sure if its completed, but the goal is for it "to serve as a transshipment hub and transit port to the region."
http://www.zumaxag.com/index.html
http://www1.ijonline.com/infrastructurefinancenews/preview?articleid=53732

Then, less than 2 months later on April 22, Rudana signs the $5.35 billion hydro power agreement with the Albanian government.
A useful connection for PSPW? Time will tell I suppose...

*EDIT* Apparently, the port was mentioned in the news release of the hydro project signing as well. "...a new town may be built and a port in Vlora or the denationalization of the existing one."