Northern, WI 5/11/12 (StreetBeat) -- Minerco Resources, Inc. (Pinksheets: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, releases a business update for its Sayab Wind Project and Iscan Hydro-Electric Project in Honduras, Central America.
Minerco is in negotiations for the sale of its Sayab Wind Project and Iscan Hydro-Electric Project. The company intends to divest of these assets and focus its resources on the Chiligatoro Hydro-Electric Project and in traditional energy, such as oil and gas, production and development within the US. As previously stated, the properties we are currently evaluating have an estimated 30% annual return with initial capital expenditures between $50 and $100 thousand.
"We are very excited about the potential of selling our rights to the Sayab and Iscan projects which would allow us to focus on our Chiligatoro project and investment opportunities in the traditional energy markets," said V. Scott Vanis, Minerco's President and CEO.
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