Greenworld Wind Supreme Power Co. Ltd.
Greenworld Wind Power Advises Joint Venture Masbate Water Supply Facility Now Fully Operational
Greenworld Wind Power Co.Ltd. / Key word(s): Miscellaneous Greenworld Wind Power Advises Joint Venture Masbate Water Supply Facility Now Fully Operational Toronto, Canada – May 30, 2012 – Greenworld Wind Power Co. Ltd. (Greenworld): Deutsche Börse symbol: GWDA (www.greenworldpower.ca), has announced that the Masbate-Mobo water treatment and supply facility, in which it owns a 25% interest, is now operating at full capacity. The facility now supplies 7,000 cubic meters of water (cbm) per day to the Masbate-Mobo Water District, at a contracted rate of 11.88 pesos (EUR0.22) per cubic meter of water. Gross annual revenues are projected to be in the region of EUR550,000. Greenworld will earn 25% of net profits (calculated as gross revenues less; operating costs; loan payments; and financial charges. In addition, Greenworld will earn 7% annually on the roughly Php 35 million (approximately EUR650,000) in upfront capital provided to complete the construction of the water treatment facility. Singfil Hydro Builders Corporation, which has a 50% interest in the project, will oversee day-to-day operations of the facility. The remaining 25% interest is controlled by an outside party.
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