Energy Holdings International Inc. (EGYH) 0.0600 $EGYH
Energy Holdings International, Inc. (EGYH), Signs MOU For GE To Become An Equity Partner In Its 450 MW Power Plant In Bangladesh
PR Newswire Europe - Wed Aug 07, 9:31AM CDT
Energy Holdings International, Inc. has selected the LMS 100 turbine for its two 225 MW Power projects in Bangladesh and has signed an MOU with GE Capital Markets to become its equity partner for 20% of the project. Certain milestones are to be met by the parties for Project Finance in order to begin construction. The EPC (Engineering, Procurement and Construction) Company has also been selected and the EPC Contractor will also have a 20% equity position in the approximately $400 Million USD project. These MOU's give the company a substantial amount of capital; that will help catapult the company to a position for future projects in the power development arena. The company is presently in a dialog to develop two additional power plants in the Middle East stated Chairman John Adair.
Energy Holdings International, Inc. (EGYH), Signs MOU For GE To Become An Equity Partner In Its 450 MW Power Plant In Bangladesh
PR Newswire Europe - Wed Aug 07, 9:31AM CDT
Energy Holdings International, Inc. has selected the LMS 100 turbine for its two 225 MW Power projects in Bangladesh and has signed an MOU with GE Capital Markets to become its equity partner for 20% of the project. Certain milestones are to be met by the parties for Project Finance in order to begin construction. The EPC (Engineering, Procurement and Construction) Company has also been selected and the EPC Contractor will also have a 20% equity position in the approximately $400 Million USD project. These MOU's give the company a substantial amount of capital; that will help catapult the company to a position for future projects in the power development arena. The company is presently in a dialog to develop two additional power plants in the Middle East stated Chairman John Adair.
