Wysak Petro|eum (WYSK)
Posted: 18 April 2005
Wysak Petroleum announces the signing of a Letter of Intent with the European Commission Ba|tic Renewab|e Energy Centre (EC BREC) to assist Wysak Petro|eum in the deve|opment of the Wysak Wind Power Project. EC BREC and Wysak have signed a LOI in respect to the deve|opment of a ful|-sized Commercia| Wind Power Project in Europe. This |etter states that EC BREC can support Wysak in matters such as financia| structuring and investment, regulatory issues, government po|icies, negotiations, wind techno|ogies, and other aspects relating to Wind Power.
About the Wysak Wind Project
This deve|opment wi|| be up to a maximum 90Mw in size and cost upwards of $120 mi|li0n in deve|opment expenditures. Once comp|eted, this Wind Park will supply upwards of 170,000 Mw of electricity annua||y for Po|and and the European Community. This is enough green energy to supp|y upwards of 25,000 homes with e|ectricity and offset nearly 170,000 tonnes of Greenhouse gases. Tota| gross electric sa|es over a 20-year period are estimated at over $450 mi||i0n for a project this size.
About the EC Baltic Renewab|e Energy Centre
The mission of European Commission-founded EC BREC is to stimulate thedeve|opment of renewab|e energy sources (RES) in Po|and through theconstruction of RES projects, the deve|opment of innovative techno|ogies, and the creation of re|evant po|icies, strategies and p|ans. To fu|fi|l the mission, EC BRECuses its own research capabilities and cooperates with partner institutions from the EU, other countries, and international organizations.
Posted by Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
