At the signing ceremony for the Cooperation Protocol Agreement, His Excellency Majid George, Egyptian Minister of State for Environmental Affairs, stated, "This collaboration with International Power and Desert Blue advances our national policy to protect the general health and welfare of the Egyptian people through the safe storage, treatment, and disposal of hazardous waste. The pilot project at the industrial city of the 10th of Ramadan will serve as the cornerstone of our efforts to protect our mother earth."
Desert Blue Company, a leading Kingdom of Saudi Arabia provider of environmental cleanup and waste recycling and recovery solutions, and the joint venture company will be named International Power Group Egypt, Ltd.
So Desert Blue, a leading Kingdom of Saudi Arabia provider of environmental cleanup, is now IPWG Egypt Ltd. This is how they did it across the globe. They are aligned with leaders of nations. That's why you have the many IPWG "countries name", Ltd. Together they make IPWG Inc. This is all part of their global business plan.
IPWG hasn't lied to anyone and all projects still exist under healthy relations. Now they've entered a Memorandum of Undertaking with IFI Srl. with 375 million in USD. This means IFI Srl commited the risk of 375 million dollars towards IPWG.
Read this carefully:
entered into a Memorandum of Undertaking and Term Sheet ("MOU") with ifi Srl, a European private equity financier and Mr. Michele Voi as its general attorney-in-fact. This MOU details the terms of the financing, which is to be a loan for up to EUR 250,000,000 or $375,000,000 US. This financial package will be utilized by IPWG for the construction of WTE power plants worldwide. It is intended that the capital first will be utilized for the construction of a WTE power plant in Random, Poland
This financial package will be utilized for the construction of WTE plants worldwide. Their are no if, ands, buts or maybes there," This financial package will be", that's what it says.
Memorandum of Undertaking- Commiting a risk of capital towards a venture.
Following that it goes on to say: It is intended that the capital first will be utilized for the construction of a WTE power plant in Random, Poland
Did you catch that? It is INTENDED that the capital FIRST WILL BE, therefore the 45 day DD is being done on Poland, not IPWG.
Poland would become another IPWG "countries name" Ltd. under a memorandum of understanding with contractual shared outlooks and goals backed by financing.
We already have financing, it's just a matter of which IPWG WTE subsidiary it goes to first.
Poland, Indiana, Egypt, Saudi Arabia, Sweden, UK, who knows. Sounds like a IPWG Triple Grand Slam to me.
