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DGAP-News: 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
ID: 378276
(firmenpresse) - DGAP-News: World Energy Holdings&Research PLC / Key word(s):
Miscellaneous
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
31.03.2011 / 14:30
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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
World Energy Holdings&Research PLC (ISIN GB00B50QMR32, WKN A1C9BX, 0WE)
is a public limited company incorporated in England focusing on the
development of power plants, specifically in Central and Latin America.
World Energy Holdings&Research PLC is admitted to trading on the
Frankfurt Stock Exchange's Entry Standard (Open Market) under symbol '0WE'
(Zero 'W' 'E'). http://www.wehr.com
Disclaimer:
This press release is solely for informational purposes and does not
constitute an offer to sell or a solicitation of an offer to buy any
securities of WEHR. No regulatory authority has approved the press release.
This press release contains forward-looking statements. Forward-looking
statements are not statements of historical fact and reflect the current
assessments, views, assumptions and beliefs made by WEHR or its officers
according to the information available as of the date of this press release
about future events, operating performance, financial condition, business
strategy, WEHR's plans and objectives for future operations and the
industry in which it operates. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors which may cause
actual outcomes to differ materially from those suggested in this press
release. WEHR undertakes no obligation to publicly update or review any
forward-looking statement, whether as a result of new information, future
events or developments or otherwise. All subsequent written and oral
forward-looking statements attributable to WEHR and those acting on its
behalf, are expressly qualified in their entirety by the foregoing.
Enquiries to:
World Energy Holdings&Research PLC Brandon Francis, VP of Global
Relations Tel: +502-2378-6400
End
End of Corporate News
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31.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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117878 31.03.2011
  
  
  
Datum: 31.03.2011 - 14:30 Uhr
Sprache: Deutsch
News-ID 378276
Anzahl Zeichen: 4504
Kontakt-Informationen:
Kategorie:
Wirtschaft (allg.)
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