Greenworld Wind Supreme Power Co. Ltd.
Greenworld Wind Power Brokers Deal Between Eco Market Solutions and Carbonergy to Apply for Carbon Credits
Greenworld Wind Power Co.Ltd. / Key word(s): Miscellaneous Greenworld Wind Power Brokers Deal Between Eco Market Solutions and Carbonergy to Apply for Carbon Credits Toronto, Canada – January 23, 2012 – Greenworld Wind Power Co. Ltd. (Greenworld): Deutsche Börse symbol: GWDA (www.greenworldpower.ca), is pleased to announce that it has arranged for Eco Market Solutions (EMS) to engage Carbonergy BCS as its consultant and include it in the latter's Programme of Activities (PoA) validating Certified Emission Reductions (CERs, commonly referred to as 'carbon credits') in line with the Kyoto Protocol. These carbon credits are expected in regards to EMS's 2 MW bio-mass gasifier power facility (the 'Dinalungan Plant') located in Dinalungan, Aurora Province. Greenworld has previously arranged for its own projects, as well as those of related companies, to be included in Carbonergy's Clean Development Mechanism (CDM) PoA in the Philippines. In other Company news, and pursuant to the operating agreement that Greenworld has forged with Cornland International, the management of Katani Ltd. has agreed in principal to move forward with a proposal that will see Greenworld engage Cornland in applying for carbon credits with respect to a mini-hydro power project that Katani has planned in Tanzania. The proposed 10 MW Mapembasi Small Hydropower Project will sell power to the Tanzania Electric Supply Company (TANESCO), and secondarily, local villages. Initial estimates place the number of CERs to be generated by the project at approximately 26,500 annually. The project owner, Mapembasi Hydro-Power Company Ltd., has agreed to a 50% revenue-sharing agreement with Greenworld on all revenue generated from the sale of carbon credits in return for Greenworld underwriting the validation process. The revenue sharing arrangement shall remain in place in perpetuity. Signing of a formal Emission Reduction Purchase Agreement with Katani is expected before the end of the first quarter. 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 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 23.01.2012 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 |
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