EESTech Captures African Market Opportunities
20 Maio 2013 - 3:26PM
OTC Markets
EESTech Captures African Market
Opportunities.
EESTech established a South
African company, EESTech Africa (Pty) Ltd, with the objective to
capitalise on
market opportunities identified throughout Africa.
High-energy
costs and the lack of power availability in many parts of the
African Continent
represent a significant market opportunity for the application of
EESTech’s
HCGT waste to energy power plant.
The simplicity of the HCGT
and its ability to burn a combination of waste combustibles makes
the HCGT
perfectly suited to these markets, whether providing energy to
industry,
disadvantaged communities or distribution on to a national
grid.
EESTech
assigned EESTech Africa an Exclusive Marketing Agreement for
Africa. This
agreement requires a minimum performance target of 30MWe of
installed
generating capacity to be achieved annually.
Under
the terms of this agreement EESTech Africa is required to pay an
up-front, one
time only, licence fee per MWe of installed capacity to EESTech
with an ongoing
service fees of $2.00 per MWe hour, 24/7 for ten years on each MWe
generated. Conservative market
estimates highlight EESTech’s potential
income for the next 5
years as exceeding $15million in License fees and $2.4million from
service fees.
The
application of EESTech’s products and services throughout Africa
will help
support the promotion of business development, stimulating growth
and
benefitting stranded and disavantaged comunities in erea’s that
currently lack
a reliable energy supply.
EESTech’s new website is now available
to all shareholders at:
www.eestechinc.com
EESTech (PK) (USOTC:EESH)
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