Asiapac Capital Services Inc.
AsiaPac Capital Targets New Mini Hydro Project on Dicapan River
Asiapac Capital Services Inc. / Key word(s): Miscellaneous 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:
AsiaPac Capital Services Ltd. End of Corporate News 07.03.2011 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 |
114599 07.03.2011 |