$PYBX Hydro Power Technologies, Inc. (PYBX) Corporate Update: New Partnership for Solar Energy Projects in Lebanon
Burlington, Ontario--(Newsfile Corp. - September 9, 2021) - Hydro Power Technologies, Inc. (OTC Pink: PYBX), announces a corporate update for a new Partnership for Solar Energy Projects in Lebanon.
On September 8, 2021, Hydro Power Technologies, Inc. signed a joint venture agreement with Middle East Solutions and Technologies for Energy and Environment (“MESTEE”), a Lebanon based conglomerate engaged in renewable energy. MESTEE submitted initial bids in June 2018 for the EOI for three major solar projects for the Lebanon government to be completed from 2021 to 2026. MESTEE is now on the short list for the contracts and have agreed to partner with Hydro Power Technology on these important projects.
Mr. Michael Shamber, President, stated "With our recent acquisition of the major shareholding in Zuc Energy in Italy, we have positioned Hydro Power Technology as a prime participant in both Hydro Power Technology but additionally Solar Power. We are very pleased with the new partnerships that are being developed in Europe and abroad and look forward to an exciting new year."