Answered June 6 2023 Corporate Ads: Are plans

Answered June 6 2023

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Corporate Ads: Are plans still going forward for the Durango, Mexico solar project?

Nick Campanella: We had all funding lined up and property and designers/EPC prepared. When we were ready to proceed the Mexican government made some drastic changes to the rule for 3rd party power generation which made our funders and banks BBVA concerned and so the project was put off for now. SNPW may entertain this opportunity again when the Mexican administration changes their regulations

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And you seem to have forgotten this 8K

Section 8 – Other Events

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On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project.

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ROFLMAO!

Again this is the same person that said news from 6 month ago was too old. yet here they are bring up old news from 2019!

SMH