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Replies to post #1831 on Blue Sphere Corp. (BLSP)
Future
We are working now and will continue to work in 2013 to finalize (i) the construction permits for both our US Projects, (ii) the land and feedstock agreements for our US Project in Rhode Island and (iii) financial closure with a view toward breaking ground in Q1 2013, which will leave us enough time to commission the US Projects before the end of 2013. We expect to receive our first revenue prior to commissioning when we test-run the US Projects to refine the interconnection and power delivery to the utility-buyers. Implementation of the US Projects is our first priority.
Once construction has started on the US Projects, we will resume our business development activities in the United States in respect of the eight sites for which we have options, as well as for additional sites, which we are in the initial stages of developing even now. We will also explore opportunities in Europe and elsewhere to implement similar waste-to-energy projects. We have already received offers for sites in Europe and elsewhere, which are in early stages of development.
We are ready to start implementation of our landfill gas-to-energy project in Kumasi, Ghana. We have the site, a project manager, a design for the system and a purchase order for the equipment ready to go. However, we are waiting for the publication of the feed-in-tariff ("FIT") for landfill gas-to-energy projects before we proceed. Publication of the FIT is expected in Q1 2013. We estimate that it will take us 6-9 months from this date to become operational. We estimate the receipt of first revenue immediately after commissioning from sales of power and annually from sales of carbon credits. Once construction starts in Kumasi, we will start preparing our other sites for implementation and seek new sites in Ghana and elsewhere in Africa.
Our primary goal and first priority is to generate meaningful revenue in 2013. We are on track to accomplish this so long as there are no significant delays in starting construction in the United States and the announcement of the FIT in Ghana. We will devote the lion's share of our resources toward ensuring that no significant delays occur.
AI
