Ultimaxus PLC
Ultimaxus PLC: Hydropower = energy independence …
Ultimaxus PLC / Key word(s): Miscellaneous 05.10.2011 / 18:00 --------------------------------------------------------------------- Ultimax.us decides on the contribution towards Brazilian hydropower plant at Belo Monte. The hydropower plant at Belo Monte in Brazil is set to be capable of providing 11,000 megawatts of electricity to 23 million homes just 4 years after construction. In the machine cabin, 20 Francis turbines will be installed with outputs of 550 MW each. Belo Monte will consequently become the third-largest hydropower plant in the world. In February 2010, the Brazilian environment minister, Carlos Minc, announced the granting of the environmental permit. The necessary conditions have already been satisfied and the planned offsetting and compensation measures for interfering with nature have already been fulfilled. Approximately 16,000 people will have to be relocated for the project costing 9 billion. A further 800 million dollars are estimated for the relocation and for environmental compensation. According to government data, a side benefit of commissioning the power plant is that 4 million tonnes of CO2 emissions will be saved annually. The share of renewable hydropower should increase to 88 per cent while thermal generation should drop to 11 per cent. Through close cooperation with Norte Energía SA, the rights of use of the gigantic hydropower plant and of the river are guaranteed for 35 years. Ultimax.us PLC. has already contacted those responsible in order to put further strategies and contracts to paper explicitly. Ultimaxus PLC. Company No. 07567944 100 Pall Mall St. James, London, SW1Y 5NQ Great Britain Tel.: +44 20 809 927 59 Fax: +44 20 316 309 99 Web: www.ultimax.us eMail: info@ultimax.us End of Corporate News --------------------------------------------------------------------- 05.10.2011 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 --------------------------------------------------------------------- 141371 05.10.2011
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