Greenworld Wind Supreme Power Co. Ltd.
Greenworld Wind Power Co.Ltd. : Greenworld Wind Power Announces Eco Market Solutions
Greenworld Wind Power Co.Ltd. / Key word(s): Miscellaneous Greenworld Wind Power Announces Eco Market Solutions Toronto, Canada – March 26, 2012 – Greenworld Wind Power Co. Ltd. (Greenworld): Deutsche Börse symbol: GWDA (www.greenworldpower.ca), is pleased to announce that Eco Market Solutions (EMS) has launched the operation of the first biomass gasification power plant in Aurora Province, Philippines, this month. Greenworld has a 40% equity stake in EMS. The power plant is located in the municipality of Dinalungan, Aurora, and is rated at 250kw of power. It consumes about 8 tons of biomass a day at full load. The municipality is one of many rural areas that are not connected to the electric grid, and the biomass approach brings a reliable and consistent source of electricity to an area that historically struggled without. There are more than 150 off-grid areas in the Philippines powered by increasingly expensive diesel. Some of these areas barely get 6 hours of electrical power a day. Aurora Province Governor Angara-Castillo praised the project and said ‘this is the kind of project that Aurora needs to jump start sustainable development in Northern Aurora, which is not connected to the Luzon grid’. Biomass gasification is a renewable source of energy because it uses recurring agricultural and forest waste as fuel. Gasification is a process that does not burn or combust biomass but rather uses heat in an oxygen-starved environment to release combustible gases like carbon monoxide, carbon dioxide, hydrogen, and methane. In the system used by Eco Market Systems (EMS), the gas produced is cooled and cleaned and fed into a rotary engine to create electrical power. Eco Market Solutions, Inc. is a renewable energy company that develops and provides green power projects to SPUG (off-grid) areas in the Philippines. It also provides compelling biomass solutions for companies that use diesel for thermal power applications for boilers, dryers, heaters, etc. 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 26.03.2012 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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