DGAP-News: Greenworld Wind Power Advises Philcarbon Team of Engineers Evaluating Wind Patterns for Bulalacao Wind Power Project
(firmenpresse) - DGAP-News: Greenworld Wind Power Co.Ltd. / Key word(s): Alliance
Greenworld Wind Power Advises Philcarbon Team of Engineers Evaluating
Wind Patterns for Bulalacao Wind Power Project
23.04.2012 / 11:00
---------------------------------------------------------------------
Greenworld Wind Power Advises Philcarbon Team of Engineers Evaluating Wind
Patterns for Bulalacao Wind Power Project
Toronto, Canada - April 19, 2012 - Greenworld Wind Power Co. Ltd.
(Greenworld): Deutsche Börse symbol: GWDA (www.greenworldpower.ca),
announced that a team of Philcarbon engineers began surveying sites for
Mindoro's first wind farm in Bulalacao.
Twenty sites are being surveyed in Bulalacao. When the survey work has been
completed, the three most promising will be selected to undergo eighteen
months of wind analysis. Anemometers will be installed at these sites, and
the analysis of the wind data will dictate how many wind turbines can
potentially be installed. It is hoped that an initial 20MW of wind power
capacity may be installed in 2014, assuming the famous winds in the area
hold true to form.
The project has already received DOE and local government endorsements.
According to Bulalacao Mayor Villas, 'the wind turbines will be one of two
renewable energy resources for Bulalacao . . . we are also seeking funding
for a small hydro electric plant in one upstream location.'
The project will sell power to the Oriental Mindoro Electric Cooperative
(ORMECO), to feed into the regional electrical grid. From there, the power
generated by the wind farm can help
meet the electrical demands of the entire Mindoro Province.
Greenworld has a 40% stake in the Bulalacao project, and the companies are
in the process of setting up a distinct company whose sole focus will be to
develop and operate the wind farm.
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 uncertaintiesassociated 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
---------------------------------------------------------------------
23.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
166023 23.04.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 23.04.2012 - 11:00 Uhr
Sprache: Deutsch
News-ID 137727
Anzahl Zeichen: 3477
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 247 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Greenworld Wind Power Advises Philcarbon Team of Engineers Evaluating Wind Patterns for Bulalacao Wind Power Project"
steht unter der journalistisch-redaktionellen Verantwortung von
Greenworld Wind Power Co.Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
