3Power Energy Group, Inc (OTCMKTS:PSPW) Files An 8-K Other EventsItem 8.01 Other Events
In October 2018, hydrologists, geologists and other hydro experts of Power China Chengdu Engineering Corporation, a subsidiary of Power China International Corporation Ltd, inspected the proposed sites on the Shala River, Albania, for the two Hydropower Cascades (Lekaj and Breg Lumi) and the proposed site for the large Hydro Dam (Vajishti) as part of their technical and pre-engineering due diligence appraisal. We expect the due diligence report to be furnished to 3Power in January 2019. The combined exportable electricity production is expected to produce approx. 83.5 MW (321,465,637 Kw/h)
About 3Power Energy Group, Inc (OTCMKTS:PSPW)
3Power Energy Group, Inc., formerly Prime Sun Power Inc., focuses to sell electricity generated by solar, wind, hydro, biomass and other renewable energy resources, and to develop, build and operate power plants based on these technologies. The Company intends to pursue a business model producing renewable generated electrical power and other alternative energies. The Company holds interest in a hydro-electrical project of a total installed power of approximately 127.6 megawatt (MG) of Shala River in Albania. It intends to develop additional projects.