Greenworld Wind Supreme Power Co. Ltd.
Greenworld Wind Power Looks to Crestford View in Developing New Small Hydropower Project
Greenworld Wind Power Co.Ltd. / Key word(s): Miscellaneous Greenworld Wind Power Looks to Crestford View in Developing New Small Hydropower Project Toronto, Canada – (For immediate release) – May 3, 2012 Greenworld Wind Power Co. Ltd. (Greenworld): Deutsche Börse symbol: GWDA (www.greenworldpower.ca), is pleased to announce that it is working with Crestford View Generation Corp., in which it has a 40% interest, to develop a new small hydro project in Cebu Province. Initial studies indicate the potential for a 1MW to 1.2MW to be developed near the site of Tumalog Falls, in Oslob, Cebu Province. The Falls, also known as 'Toslob Falls' or 'Mag-Ambak Falls' are a popular local attraction due to their picturesque and unspoiled nature. The project, which will not disturb the Falls themselves, would be fed by a watershed area of some 26 square kilometers, and a head (the height of the drop in elevation over which the water will fall) of 100 meters. The Company is currently preparing a submission to the Department of Energy to obtain a service contract that will allow the project to continue forward.
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.
Greenworld Wind Power Co. Ltd. Email: info@ greenworldpower.ca End of Corporate News 03.05.2012 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 |
168058 03.05.2012 |