Arrow to Receive Initial Solar Equipment Delivery
16 Setembro 2009 - 9:00AM
Marketwired
Arrow Resources Development, Inc. (OTCBB: ARWD), as a continuation
of the Equipment Purchase Agreement with 7,100 Group Inc., will be
receiving the first, small power solar generation system this month
and expects this system to be operational in October. Arrow has
identified sites for the installation of the initial 1 MW of solar
power. Under the current Indonesian energy tariff, approximately
$.06 per watt, the initial 1 MW will generate $6 million per year
than the cost of the installation is approximately $7 million. The
equipment purchase agreement calls for Arrow to install and operate
solar energy equipment capable of producing a minimum of 500 MW and
a maximum of 2,000 MW throughout in Indonesia during the next four
years.
About Arrow Resources Development, Inc.
Arrow Resources Development, Inc. develops and coordinates
corporate operations, finance, sales and marketing activities along
with the administration of the corporate citizenship programs for
natural resource development companies in the Asian market. Its
initial relationship with Arrow Pacific Resources Group Limited
(BVI Company) is for the development of large scale plantation and
farming operations in Indonesia. Arrow has signed a similar
agreement with Gerakan Masyarakat Pelestari Lingkungan Hidup
(GMPLH), and GMPLH's joint venture partner, PT Tiga Daun
(Indonesian company owned by Arrow Pacific) for the large scale
plantation/farming and ethanol plants in Indonesia. Arrow's
agreements entitle the Company to 10% of all gross revenue
generated by all their partners' plantation/farming including any
and all sales of natural resources and derivative products. For
more information about the company, please visit their website at
www.arrowrd.com.
Safe Harbor: Statements regarding financial matters in this
press release other than historical facts are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Securities Litigation Reform
Act of 1995. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking
statements be subject to the Safe Harbors created thereby. The
Company is a development stage firm that continues to be dependent
upon outside capital to sustain its existence. Since these
statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
Contact: Arrow Resources Development, Inc. Investor Relations
Email Contact
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