GREY:RSERF - Post by User
Post by
Byteson Feb 16, 2010 12:26pm
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Post# 16788114
NR - Additional Recap
NR - Additional RecapExcellent REO news today.
My take:
- Organic growth (increasing from 48 - 55 MW), as intended, at Brodarevo
- Export prices of electricity will be at prices substantially above market
- All is on schedule, as planned, pre-feas should be complete in a month
- Very close to signing PPA's:
Step 1 - done: Agreement between the gov'ts:
"The Italian and Serbian governments have signed an agreement whereby Serbia will export green energy into Italy at prices substantially above those of the local market."
Step 2 - in process: Signing the PPA's w/ energy trading groups:
"The company is engaged in discussions with various energy trading groups with the intent of signing an indicative power purchasing agreement for the sale of electricity into the Italian market."