Eagle River, WI 10/11/2011 (PennyPayDay) – Green Energy Solution Industries, Inc. (PINK:SATM) announced today, in a press release, that it has projects with certain targeted projections for revenues from base energy production. GESI projects that the electrical generation or power revenue from the plant can exceed $15 million (CAD) annually, with projections of potential $4 million annually in profit. As I write, shares of SATM were up 13 percent at $0.05 per share on heavy volume of 3 million shares.GESI began the project after a grant award from Alberta Energy. GESI then secured the feedstock of waste rail ties in a long term contract, then locked up the necessary land for placement of the waste to energy plant in a strategic location with a railway servicing company. GESI is now contracting for engineering control and for technology selection for the plant for build-out in 2012. With kilowatt pricing exceeding $.10 per kilowatt hour, the ability to make a 20 megawatt power facility is a project goal of the Company.
GESI received a grant from Alberta Energy which it utilized to plan out the utilization of feedstocks and selection. Then, GESI entered into the feedstock contract with an industry leader in the rail industry, On-Track Technologies of Alberta, Canada.
"Our concentration is now selection of the technology we will use, and the choices we have are abundant. Technology providers will have to be proven, with commercial success to be selected to break our ties down into the energy we choose to select," stated David Chalela, CEO of GESI.
Green Energy Solution Industries, Inc. is a project developer for renewable energy projects in Canada. Utilizing in-depth due diligence, GESI has developed business plans, contracts and agreements with resource providers, land owners, waste sources, technology providers, and government entities for the placement of renewable energy projects.
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