World Energy Holdings & Research PLC
World Energy Holdings & Research PLC : World Energy El Islan S.A. enters agreement for the purchase of El Islan hydroelectric power plant turbines from Gugler Water Turbines GmbH
World Energy Holdings & Research PLC / Key word(s): Miscellaneous World Energy El Islan S.A. enters agreement for the purchase of El Islan hydroelectric power plant turbines from Gugler Water Turbines GmbH On 31 January 2011 World Energy Holdings & Research PLC (‘WEHR’ or the ‘Company’) announced the signing of a Letter of Intent by its subsidiary World Energy Hydro Limited to acquire controlling interests in 5 Hydro Electric Power Plant special purpose entities in Central America, including a 75% stake in World Energy El Islan S.A. (‘El Islan S.A.’). While due diligence and negotiations concerning this proposed acquisition remain ongoing and completion of the acquisition would be subject to WEHR shareholder approval, WEHR is pleased to announce in conjunction with El Islan S.A. that El Islan S.A. has entered into an agreement to purchase two 1875 Kw spiral turbines from leading Austrian firm Gugler Water Turbines GmbH (‘Gugler’ – http://www.gugler.com). The turbines are a material component of the El Islan hydroelectric power plant project where the agreement with Gugler provides for their supply, delivery and installation by Gugler on a wire-to-water basis. ‘This is a significant step towards completion of the El Islan hydroelectric power plant in Guatemala and underpins our desire for WEHR to acquire El Islan S.A.’ says WEHR CEO Edgar Perez. About World Energy Holdings & Research PLC End of Corporate News 31.03.2011 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 |
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