Replies to post #39703 on 3Power Energy Group Inc (PSPW)

[tiso_us]

Nice!!...It would not surprise me any if 3Power was sub contracted on most of it's projects along with other companies....they do tend to work together.

I'm interested in this statement....

The agreement comes as part of CR&P and its Abu Dhabi based investment partners, to grow the group business globally within the renewable energy sector.

I'll be doing some more DD later tonight on this.

[narnia1000]

It is not our project yet. We still need to see it on the books of the new company.

[Schekin]

sctts,
PSPW does not have a $5billion contract with Albania. Rudana does. More specifically Hany Salem.
At this point forget "Rudana" but the contracts are still active. However, of that $5 billion only "certain hydro projects" will be put to PSPW when the licenses are secured. Once this occurs then SeaWind International will be acquired and the whole merger/acquisition will be complete! Until then we focus on SA. Patience... the future of 3Power is bright!
Also, those Albanian hydro projects originally part of Rudana's contract constitute about a gigawatt of power. The $5 billion was for much more than just the hydro projects. It's very misleading to indicate "our $5billion..."


sctts wrote,
"Albania Hydro projects - I found the old news release from January, our $5 billion contract, and found a July 2011 report on Albania hydro projects. There is a beehive of activity going on in Albania, but so far I can't tell who the concessionaires are that have gotten the projects. Our original deal mentions Port Romano, which is mentioned in the July report, but not in conjunction with any company. And the total $ amounts are significantly smaller than our original 5 billion. I have made additional inquiries, will see if I get any responses, and will dig some more, I do have a love/hate relationship with my Rudana pals :) "

[enthalpy]

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