GESI Projects Expansion of Revenue Through Direct Marketed Electricty Sales for Peak Pricing; Expansion of Gross Revenues to ...
13 Giugno 2012 - 10:30PM
Marketwired
Green Energy Solution Industries, Inc. (PINKSHEETS:GESI) announces
that the Company has begun the process to significantly expand its
revenue generation to achieve a projected $9,000,000 (Canadian
Dollars) revenue from sales of electricity through peak pricing
through direct marketing of the energy by application and
participation as a direct wholesale market participant for sales of
electricity into the Alberta market. The revenues each year could
increase dramatically based upon the energy costs being experienced
historically in Alberta. Thus additional increase in revenue can be
realized by GESI at all times and not be subject to a long term
locked in price contract. The direct market participation will
allow the Company to sell electricity at the peak electricity
pricing for Alberta through the AESO for the power produced from
its planned 200 ton per day 12-15 MegaWatt waste to energy plant.
The revenue generation will be expanded to sell at on peak energy
pricing on a constant 24 hour basis, when electricity is constantly
sold on an ongoing daily basis. Alberta's energy pricing is
significantly higher that eastern Canada, and the ability of GESI
to be a direct participant seller.
Electricity sales in Alberta is governed and controlled by an
independent energy supply operator. GESI, by direct participation
will be able to reach the peak sales and not be locked into lower
priced contract rates for its electricity produced. Electricity
pricing in Alberta ranges from $75 (CDN) per Megawatt hour to as
high as $180 per Megawatt hour. The Company will not be locked in
at lower pricing as first expected under power purchase agreements
which are the other alternatives available.
GESI's 200 ton per day plant will work from the feedstock of
used rail ties. GESI had started the project as a study by
receiving a grant from Alberta Energy which it utilized to plan out
the utilization of rail ties as a feedstock. GESI then entered into
the feedstock contract with an industry leader in the rail
industry, where it plans to build the plant under a lease at the
rail tie collection site. InREFCo has worked diligently with GESI,
to introduce financing sources for the project. With the ability of
GESI to be a direct market participant for energy sales, the
financing due to revenue projections may be reached on better terms
than if GESI was locked into long term contracts at constant rate
for the electricity sales.
GESI Green Energy Solution Industries, Inc.
GESI is a project developer for renewable energy projects in
Canada. Utilizing in-depth due diligence, GESI has developed
business plans, contracts and agreements with resource providers,
land owners, waste sources, technology providers, and government
entities for the placement of renewable energy projects. GESI is
now a public company with administrative offices in Houston, Texas
and operations in Alberta, Canada. For More Information on GESI see
the web site at www.gestechnologies.com.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes", "expects", "potential", "plans", "projected",
"suggests", "may", "should", "could", "intends", or similar
expressions. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
actual results to be materially different from any future results,
performance or achievements expressed or implied by such
statements. In particular, management's expectations could be
affected by, among other things, uncertainties relating to our
success in completing acquisitions, financing our operations,
entering into strategic partnerships, engaging management and other
matters disclosed by us in our public filings from time to time.
Forward-looking statements speak only as to the date they are made.
The Company does not undertake to update forward-looking statements
to reflect circumstances or events that occur after the date the
forward-looking statements are made.
Contacts: Green Energy Solution Industries, Inc. David Zembeck
615-426-2565greenenergyinvestorrelations@gmail.com
www.gestechnologies.com
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