North Pacific GeoPower Corp (CDNX)NPP (OTC)NPPWF
Would this company be applicable to this board? If so, any comments on the company? If not, company comments would still be appreciated. TIA Merry
Mission Statement
“To develop the Meager Creek Project as Canada’s first commercial geothermal power generating facility for electricity”
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North Pacific GeoPower Corp. (NPGP) is a publicly-listed energy company dedicated to the development of a renewable geothermal project to support the commercial production of electricity in British Columbia, Canada. The project is the only geothermal lease issued and the most advanced of its kind in Canada.
NPGP is developing the Meager Creek geothermal energy project located north of Vancouver, BC, Canada. In geothermal electric projects, super heated water is drawn from a series of wells to the surface, where it drives steam turbines and generates electrical power. This process has been successfully used in the United States and other countries on the Pacific Rim of Fire and around the world, where it is an important addition to grid-connected renewable energy. Geothermal electric power is the second-largest source of grid-connected renewable energy in United States and saves 22 million tons of carbon dioxide (CO2) emissions per year.
GeothermEx Inc., of Richmond, California, world experts in geothermal energy projects, have determined that the project has a potential to deliver at least 100 MW of clean, reliable electric power making a substantial contribution to the sustainable energy requirements of the economy. For each 100 MW of clean, electric power produced, 263,000 pounds of greenhouse gases (carbon dioxide) can be saved. There is a strong interest in investing in clean, environmentally positive energy companies by institutional investors, ethical funds, natural resource funds.
Of the 135.8 million shares outstanding in NPGP (Trading symbol: NPP), Crew Development Corporation (Crew) (Trading symbol: CRU) owns 117.9 million shares, shareholders of CRU (numbering about 8,000) will receive 6.2 million shares (via the stock dividend) and 11.7 million shares will be held by existing South Crofty shareholders (numbering about 1,200).
The long-term demand for electrical energy in North America continues to grow steadily to meet the increasing demands of high technology and a growing population. From 1995 to 2000 electrical consumption worldwide has doubled from about 12 trillion kWh to 24 trillion kWh (source: Information Administration, International Energy Outlook).
npgeopower.com |
