Category: Energy

Pacific Green Provides Business Activities Update

Pacific Green Technologies, Inc. (the “Company” or “PGTK”) (OTCQB:PGTK), developer of the ENVI-Marine(TM) emission control system (the “System”), today provides an update on the impact of the Pandemic on its business activities.

Since entering the marine sector, the Company has delivered 86 ENVI-Marine(TM) Systems to its customers, with another 56 ENVI-Marine(TM) Systems contracted to be delivered in 2020 and 2021. Travel restrictions resulting from the Pandemic have impeded the Company’s ability to enter and exit shipyards. The Company has postponed 32 ENVI-Marine(TM) System installations to 2021 to accommodate client and supplier needs but has received no ENVI-Marine System cancellations as a result of the Pandemic.

The Company can report the successful registration in China of its joint venture company with partner PowerChina SPEM. The joint venture, along with the ongoing integration of Shanghai Engin Digital Technology Co. Ltd., (“Engin”), which was acquired by PGTK in December 2019, has positioned the Company to take advantage of the rapidly growing renewables market around the world in concentrated solar power (CSP), desalination and waste-to-energy (WtE).

The Company is also pleased to announce that it has made significant progress in developing its business relationships in India. By 2022, an additional 175 GW of electrical capacity in India is forecasted to require Flue Gas Desulphurization (FGD) (source: Centre for Science and Environment, India), which PGTK’s efficient ENVI-Clean(TM) Systems are well suited to deliver.

The Company has continued its obligation to maintain shareholder value on behalf of its shareholders. The Company has embarked on an aggressive cost-cutting campaign and restructured its operations to maintain its strong financial position despite the global economic strain and uncertainty created by the Pandemic.

Scott Poulter, Chief Executive, said: “We have been working hard with our clients and suppliers to ease the collective strain that the Pandemic has imposed on our business and the business of our partners and stakeholders.

We are pleased to see increasing interest in our newly acquired solar and desalination technologies across a number of different regions. These opportunities will complement our highly-efficient emission control technologies, which have allowed us to target the massive FGD and WtE markets.

The Pandemic has had a devastating effect on lives and livelihoods. Hopefully, the world will take a new look at how we live and how we treat our environment as the two should go hand in hand.”

About Pacific Green Technologies, Inc.

Pacific Green Technologies, Inc. (OTCQB:PGTK) is focused on addressing the world’s need for cleaner and more sustainable energy. The company’s strategy is to build through organic development and acquisition, a portfolio of patented competitive cutting-edge technologies designed to meet the growing market for renewables and increasingly stringent environmental standards. For more information, visit PGTK’s website: www.pacificgreentechnologies.com

Notice Regarding Forward-Looking Statements:

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Pacific Green’s emission control system, potential business developments in India and future interest in our solar and desalination technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the JV with POWERCHINA SPEM, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

CONTACT:
Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659

SOURCE: Pacific Green Technologies, Inc.

Greenbriar to Seek Uplift to the Nasdaq Global Market

Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) (“Greenbriar”) is pleased to announce that Greenbriar is seeking to obtain a full listing on the world class NASDAQ Global Market Select. Conditions to list on the NASDAQ Global Market Select are a minimum US $4.00 share price, at least US $4 Million in net current assets plus the appropriate registration and exemption filings with the US Securities and Exchange Commission. Greenbriar is currently conducting internal non-deal road shows via conference calls with our own 53,000 investors and followers. The Greenbriar story is resonating with a broad spectrum of investors.

Greenbriar is moving ahead to construct the sophisticated 160MWdc/80MWac Montalva solar project in Puerto Rico, which will become the largest solar facility in the Caribbean once completed. Greenbriar is very confident the project will expand to 320MWdc/160MWac in the very near future. A sizeable electro-chemical storage facility as part of the solar field will enable 24/7 dispatch which is unique in ultra-large scale solar generation facilities. Montalva will provide Puerto Rican citizens with lower-cost, clean and reliable electricity and replace some of the current expensive and dirty oil generation.

The company is proudly building the project with the China Machinery Engineering Corporation (CMEC), a leading world class premier construction and engineering company, forming part of the USD $40 Billion China National Machinery Industry Corporation (Sinomach) group of companies.

Greenbriar has been informed by its legal counsel Luis Baco, JD, LLM, that the PREPA Governing Board has approved our project and contract this past Thursday May 28 and the contract has been presented to the US FOMB (US Federal Oversight Management Board) for final approval. In 2018 the US FOMB already recommended Montalva to be deemed a critical project to rebuild Puerto Rico. Montalva will provide over 900 construction jobs, an increased tax base and hundreds of millions of dollars of private funds invested to rebuild a new and resilient electrical grid. Greenbriar is proud of this contribution and its existing 12 year non-stop commitment in Puerto Rico.

About Greenbriar Capital Corp

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003 with previous companies.

ON BEHALF OF THE BOARD OF DIRECTORS
“Jeff Ciachurski”
Jeffrey J. Ciachurski
Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.

Join the 3rd Annual POWER WEEK AFRICA in Johannesburg, South Africa

JOHANNESBURG, SOUTH AFRICA – (ACN Newswire) – Are you ready for the new challenges & opportunities as power markets around the world evolve?

Specially designed for the African electric power & energy industry, POWER WEEK AFRICA (14-18 September 2020 in Johannesburg, South Africa) is the 3rd annual international conference & summit delivering a unique experience for each day of the event. You are guaranteed 5 days of premium networking opportunities that are inclusive of a 2-day main conference, 5 supplementary workshops, multiple case studies from a wide array of perspectives, expert opinions, and unrivaled insights into the African electric power & energy market prospects.

The conference promises valuable insights on a diverse range of topics that are critical to the African electric power & energy industry today – renewable energy, climate change & environment, energy transition, energy efficiency, funding, investment facilitation, energy access, policies & regulations, tariffs, capacity development, technology, solar, off-grid, public-private partnerships, energy storage, digitalization, affordability, energy mix, private sector participation and so much more.

Global energy leaders who have confirmed to speak:

– Abubakar Sani Sambo, Chairman, Ministerial Task Force on Power, Nigeria

– Haliru Dikko, Commissioner, ECOWAS Regional Electricity Regulatory Authority

– Oscar Amonoo-Neizer, Executive Secretary, Energy Commission, Ghana

– Abubakar Malah Umar, Director, Energy Commission, Nigeria

– Cyprian Nyakundi, Director, Energy & Petroleum Regulatory Authority, Kenya

– Ibilola Amao, Governing Council Member, Energy Institute, United Kingdom

– Greg Austin, Managing Director, Juwi Renewable Energies, South Africa

– Geoffrey Mabea, Executive Secretary, Energy Regulators Association of East Africa

– Ademola Adesina, CEO, Rensource Energy, Nigeria

– William Price, CEO, Enel Green Power, South Africa

– Ato Gyasi, Senior Director, Africa Finance Corporation, Nigeria

– Wido Schnabel, Director, Canadian Solar

– Chris Chijiutomi, Director, CDC Group, United Kingdom

– Brian Dames, CEO, African Rainbow Energy & Power, South Africa

– Simon Hodson, CEO, Gridworks, United Kingdom

– Chris Flavin, Director, Gridworks, United Kingdom

– Mikhail Nikomarov, CEO, Bushveld Energy, South Africa

– Peter Pechtl, Managing Director, ENEXSA, Austria

– Alexander Schonfeldt, Managing Director & COO, Enerox, Austria

– Jose Maria Lopez, Director, MRC Consultants & Transaction Advisers, Spain

– Aleem Tharani, Partner, Bowmans, Kenya

– Dumisani Tembo, Partner, AB & David, Zambia

– Kieran Whyte, Partner, Baker McKenzie, South Africa

– Gabriel Kroes, Senior Energy Specialist, DNV GL, South Africa

– James Sherwood, Principal, Rocky Mountain Institute, United States of America

…and many more

The POWER WEEK ASIA will feature 5 supplementary workshops and masterclasses addressing cutting edge topics with Real Examples and Case Studies, including Renewable Energy, Energy Regulation & Policies, Energy Storage, Power Project Finance and Power Contracts & Negotiation.

Seize this opportunity to stay ahead of your competitors in an industry that is ever-changing — POWER WEEK AFRICA is definitely for you!

Email Weslyn Lee to register your attendance now. For more information, please log onto:

www.power-week.com/africa.

About Infocus International Group

The organiser of POWER WEEK Conferences. Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities, designed to provide insights and to assist our clients on the global stage. The major knowledge-management companies strategically based in Singapore, independently researching and producing market-driven programmes across the region mainly in Asia Pacific, Middle East and Africa.

Infocus International recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured trough intensive and in-depth market research from local and international insight

Any queries, please contact:

Weslyn Lee

Tel: +65 6325 0351 | Email: weslyn@power-week.com

To join the discussion:

LinkedIn Group: https://www.linkedin.com/groups/6985809

Twitter: @powerweeksummit

Official Website: www.power-week.com/africa

Greenbriar Capital Corp Reaches Commercial Agreement with the Puerto Rico Electric Power Authority

Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) (“Greenbriar”) is pleased to announce the following statement from our legal counsel in Washington, DC. Luis Baco, JD, LLM, states:

“Greenbriar Capital Corp (“Greenbriar”) is pleased to announce that it has reached agreement with the Puerto Rico Electric Power Authority (PREPA) on a 25-year Power Purchase and Operating Agreement (PPOA) for the development, construction, and operation of the 80MW to 160MW AC Montalva solar project. The Montalva PPOA now moves on to final approval by the Puerto Rico Energy Bureau (PREB) and the Puerto Rico Financial Oversight and Management Board (FOMB). This process is expected to last 4-5 weeks. We are very pleased with this outcome and are eager and ready to get started on building this great and long-overdue project that will help transform the Island’s energy sector and bring about great savings to the people of Puerto Rico. Once built to full capacity, the Montalva solar project will become the largest solar energy facilities in the whole Caribbean region.”

Greenbriar is proudly working together with CMEC of Beijing to design, build and construct this CDN $200 Million facility. CMEC is part of the USD $40 Billion Sinomach Group of Companies, and is world renown in building large scale high quality energy projects.

About Greenbriar Capital Corp

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003.

ON BEHALF OF THE BOARD OF DIRECTORS
“Jeff Ciachurski”
Jeffrey J. Ciachurski
Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.

Zhonghua Gas Holdings Limited Announces First Quarter Results for the Three Months Ended 31 March 2020

Profit Attributable to the Owners of the Company from Continuing Operations Amounted to HKD2.9 million

Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces that the first quarter results for the three months ended 31 March 2020 (“the Current Period”). During the period, the Group’s business has been seriously impacted by the Novel Coronavirus Disease (“COVID-19”). The total revenue from continuing operations recorded was reduced to HKD75.10 million, representing a 29.5% decrease in revenue year-on-year, from HKD113.6 million. The gross profit ratio and net profit after tax dropped by 22.2% and 72.5% respectively comparing with those of the Previous Period. The New Energy Business contributed over 99.8% to the Group’s total revenue. Profit attributable to the owners of the Company from continuing operations decreased by 76.1% to HKD2.9 million compared to the Previous Period. The basic and diluted earnings per share for the Current Period were both HKD0.08 cents, as compared with HKD0.36 cents for the Previous Period.

The decrease in revenue was mainly caused by the outbreak of COVID-19 which led to the imposition of various travel and work restrictions by the relevant government administrations which unavoidably caused serious impact on the Group’s normal business operations such as client meetings, contract negotiation and progresses on the completion of new projects. As a result, the only source of revenue earned for the first three months of this year was from the supply of LNG that has a thinner gross profit margin than that of construction related and consultancy works.

Regarding the development on LNG business, the Group endeavored to strengthen LNG supply during the heat supply period. The 60:40 Joint Venture that the Group set up with Shanghai Jiulian Group enabled the Group to secure stable supply of LNG resources and expand its business to the high potential market in the Yangtze River Delta region. The Joint Venture will be principally engaged in sale of LNG, engineering of LNG pipeline, sale, installation, maintenance of LNG delivery equipment, technology development, consulting and transfer of heating system, technology development of new energy, etc. Meanwhile, the Group continued to maintain solid relationship with Tractebel Engineering S.A. from France and Tianjin Jinre Heat-Supply Group Co. Ltd in technological and infrastructure related business.

Looking forward, the Group will stay alert on the market and continue to keep a close watch on the development of COVID-19 while implementing timely measures to mitigate any possible business risks and minimize losses.

Zhonghua Gas Holdings Limited
Zhonghua Gas Holdings Limited is principally engaged in provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, supply of liquefied natural gas, coupled with trading of new energy related industrial products. The Group is also engaged in the property investment business.

Media Contacts:
Angel Yeung
Jovian Communications Ltd
Tel: +852 2581 0168
Email: news@joviancomm.com

Greenbriar Capital Corp Provides Montalva Project Update

Coquitlam, British Columbia, May 8, 2020 – Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) (“Greenbriar”) is pleased to announce the following statement from our legal counsel in Washington, DC. Luis Baco, JD, LLM, states:

“Greenbriar Capital Corp (“Greenbriar”) is pleased to announce that significant progress has been achieved in the past weeks towards reaching a final agreement with the Puerto Rico Electric Power Authority (PREPA) on the revised PPOA for the Montalva Solar Project to be built in the municipalities of Guanica and Lajas, Puerto Rico. PREPA informed its Governing Board on April 30 that it has attained substantial progress on 7 of the 19 remaining amended and restated renewable energy PPOAs, and that they expect to reach a final agreement on these projects on or before the Board’s self-imposed deadline of May 15 (which constitutes a COVID-19 triggered 15-day extension from the original April 30 deadline). Greenbriar has been informed by PREPA that Montalva is one of these projects, and the expectation on both sides is that a final resolution on the few remaining commercial issues should be achieved within the next week to ten days. Once built, the 80MW to 160MW AC Montalva solar project will be the largest solar energy facility in the Caribbean region and greatly assist PREPA and the Government of Puerto Rico accomplish its very aggressive policy objective to achieve 40% power generation from renewable sources by 2025.

About Greenbriar Capital Corp

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003.

ON BEHALF OF THE BOARD OF DIRECTORS
“Jeff Ciachurski”
Jeffrey J. Ciachurski
Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55578

Greenbriar Capital Corp Reports $3,230,974 or $0.16 per Share of Net Income for Fiscal 2019

Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) (“Greenbriar”) is pleased to announce that it has recorded net income of $3,230,974 or $0.16 per share for the twelve (12) months ending Dec. 31, 2019. These Audited Financial Statements and the respective Management Discussion and Analysis are available for viewing at www.sedar.com.

About Greenbriar Capital Corp

Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003.

ON BEHALF OF THE BOARD OF DIRECTORS
“Jeff Ciachurski”
Jeffrey J. Ciachurski
Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.