DGAP-News: AsiaPac Capital Targets New Mini Hydro Project on Dicapan River
(firmenpresse) - DGAP-News: Asiapac Capital Services Inc. / Key word(s): Miscellaneous
AsiaPac Capital Targets New Mini Hydro Project on Dicapan River
07.03.2011 / 11:03
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AsiaPac Capital Targets New Mini Hydro Project on Dicapan River
Toronto, Canada - (For immediate release) - March 6, 2011
AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www
.asiapaccapital.ca), announced today it has submitted a request to the
Department of Energy to develop an additional mini-hydro station on the
Dicapan River. The location will be in Berangy Mabalite, Tadian, Mountain
Province.
Preliminary plans foresee developing a 3MW facility. The DOE has advised
the Company that the submission documents for the Renewable Energy
Contract application are complete.
Project consultant Vergel3 Consult has provided a preliminary projection of
USD $7.5 million as the cost to build the installation as well as income of
approximately USD $1million annually, resulting in a roughly 7-8 year
payback on the investment.
The DOE also advised that in view of the ongoing harmonization of
guidelines, rules and regulations may possibly delay the awarding of the
actual contract, although this harmonization will not interfere with the
evaluation of the legal, technical and financial capabilities.
Disclaimer&Safe Harbor Statement:
This release may contain certain 'forward-looking statements' with respect
to certain of AsiaPac Capital Services 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
AsiaPac Capital Services Ltd.'s actual results to differ materially from
those anticipated. AsiaPac Capital Services 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 AsiaPac
Capital Services Ltd. operates. The actual results that AsiaPac Capital
Services 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. AsiaPac Capital Services 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:
AsiaPac Capital Services Ltd.
Suite 3500
Hudson Bay Center
No. 2 Bloor Street East
Toronto ON
M4W 1A8
Email: info(at)asiapaccapital.ca
investor(at)asiapaccapital.ca
End of Corporate News
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114599 07.03.2011
Datum: 07.03.2011 - 11:03 Uhr
Sprache: Deutsch
News-ID 33395
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