Sep 11, 2012
Road Town, Tortola, British Virgin Islands – (For immediate release) – Sept 11, 2012
Greenworld Wind Supreme Power Co. Ltd. (Greenworld Wind), Deutsche Börse symbol: GW9, (www.greenworldwind.ca), is pleased to report that today that the Bulalacao Windpower Project, in which it has a 40% stake, has been registered with the Board of Investments as a New Renewable Energy Project, which will allow the project to qualify for a variety of tax benefits, including; accelerated depreciation of capital assets; duty free importation of equipment required by the project, zero per cent value-added tax rate and other tax credits.
Philcarbon, Inc., the project operator that has the majority interest in this project, will be required to complete the pre-development phase of the project by December, 2013.
The 30MW Windpower Project will sell power to the Oriental Mindoro Electric Cooperative (ORMECO), and 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.
A copy of the registration documents can be viewed here.
In other Company news, Crestford View Power has received a letter of acknowledgement from the Philippine Department of Energy allowing the company to continue to the next stage of development for it’s Tumalog Falls mini-hydropower project located in Oslob, Cebu Province. Greenworld Wind has a 40% interest in Crestford View Power.
Disclaimer & Safe Harbor Statement:
This release may contain certain "forward-looking statements" with respect to certain of Greenworld Wind Supreme 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 Supreme 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 Supreme Power Co. Ltd. operates. The actual results that Greenworld Wind Supreme 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 Supreme 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 Supreme Power Co. Ltd.
ABM Chambers
P.O. Box 2283
Road Town, Tortola
British Virgin Islands
Email: info@greenworldpower.ca
Quelle: http://greenworldpower.ca/newsDetails.php?grId=96 |
