DGAP-News: Greenworld Wind Power Co.Ltd. : Greenworld Wind Power Announces Eco Market Solutions
(firmenpresse) - DGAP-News: Greenworld Wind Power Co.Ltd. / Key word(s): Miscellaneous
Greenworld Wind Power Co.Ltd. : Greenworld Wind Power Announces Eco
Market Solutions
26.03.2012 / 12:03
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Greenworld Wind Power Announces Eco Market Solutions
Toronto, Canada - March 26, 2012 - Greenworld Wind Power Co. Ltd.
(Greenworld): Deutsche Börse symbol: GWDA (www.greenworldpower.ca), is
pleased to announce that Eco Market Solutions (EMS) has launched the
operation of the first biomass gasification power plant in Aurora Province,
Philippines, this month. Greenworld has a 40% equity stake in EMS.
The power plant is located in the municipality of Dinalungan, Aurora, and
is rated at 250kw of power. It consumes about 8 tons of biomass a day at
full load. The municipality is one of many rural areas that are not
connected to the electric grid, and the biomass approach brings a reliable
and consistent source of electricity to an area that historically struggled
without.
There are more than 150 off-grid areas in the Philippines powered by
increasingly expensive diesel. Some of these areas barely get 6 hours of
electrical power a day.
Aurora Province Governor Angara-Castillo praised the project and said 'this
is the kind of project that Aurora needs to jump start sustainable
development in Northern Aurora, which is not connected to the Luzon grid'.
Biomass gasification is a renewable source of energy because it uses
recurring agricultural and forest waste as fuel. Gasification is a process
that does not burn or combust biomass but rather uses heat in an
oxygen-starved environment to release combustible gases like carbon
monoxide, carbon dioxide, hydrogen, and methane. In the system used by Eco
Market Systems (EMS), the gas produced is cooled and cleaned and fed into a
rotary engine to create electrical power.
Eco Market Solutions, Inc. is a renewable energy company that develops and
provides green power projects to SPUG (off-grid) areas in the Philippines.
It also provides compelling biomass solutions for companies that use diesel
for thermal power applications for boilers, dryers, heaters, etc.
Disclaimer&Safe Harbor Statement:
This release may contain certain 'forward-looking statements' with respect
to certain of Greenworld Wind Power Co. Ltd.'s plans, goals and
expectations regarding its future financial condition, performance,
results, strategy and objectives. Words such as 'anticipates', 'expects',
'intends', 'plans', 'believes', 'seeks', 'estimates', 'may', 'could',
'would', 'might', 'will' and variations of these words or similar
expressions are intended to identify forward-looking statements. In
addition, any statements that refer to expectations, beliefs, plans,
projections, objections, performance or other characterizations of future
events or circumstances, including any underlying assumptions, are
forward-looking statements. Forward-looking statements in this press
release are not promises or guarantees of future performance and are
subject to risks and uncertainties that could cause Greenworld Wind Power
Co. Ltd.'s actual results to differ materially from those anticipated.
Greenworld Wind Power Co. Ltd. cautions the reader not to place undue
reliance upon any such forward-looking statements. These forward-looking
statements involve known and unknown risks as well as uncertainties,
including those discussed herein as well as the following: (i) domestic and
global economic and business conditions; (ii) market related risks and the
performance of financial markets generally; (iii) the policies and actions
of regulatory authorities; (iv) the impact of competitive factors; (v)
risks and uncertainties associated with future acquisitions or combinations
within relevant industries; and (vi) changes in capital, solvency or
accounting standards as well as tax and other relevant legislation or
regulations in the jurisdictions in which Greenworld Wind Power Co. Ltd.
operates. The actual results that Greenworld Wind Power Co. Ltd. achieves
may differ materially from any forward-looking statements which are based
on management's beliefs and opinions at the time the statements are made.
Greenworld Wind Power Co. Ltd. does not undertake any obligation to update
forward-looking statements should circumstances or management's beliefs or
opinions change.
For further information please contact:
Greenworld Wind Power Co. Ltd.
100 Consillium Place
Suite 200
Scarborough, ON
M1H 3E3
Email: info(at) greenworldpower.ca
End of Corporate News
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