Specific Projects
We already have a number of projects in mind but the one in Ghana best exemplifies the type of opportunities Green Energy Alliance is looking for. These will enable our shareholders to see the positive impact of our strategy working over a relatively short period of time and, by helping to produce two valuable proofs of concept, allow these business with our help and part ownership to roll out their programmes for producing power to benefit an increasingly larger proportion of their respective country’s population.
The stakeholders of Emugen Ghana Limited have the same philosophy as Green Energy Alliance towards creating an environmentally friendly way of producing much-needed sources of energy for as many people as possible as quickly as possible. Their concept is carbon neutral because, although the gasification process involves burning Elephant Grass which has been grown, the carbon produced is more than offset by the 2,000 acres of elephant grass under cultivation which absorbs carbon dioxide over time.
At the same time, the Government of Ghana is wholly committed to the development of its agriculture sector towards the production of products for export, as well as looking for vehicles for the alleviation of poverty. Accordingly, Emugen’s project directly aligns itself with the Government’s agricultural development aspirations and green energy and carbon emission reduction goals.
The total cost of the Emugen project is US $33,500,000, of which they already have 85% debt funding lined up of $28,475,000. Accordingly, for an outlay of $5,025,000 Green Energy Alliance can take a 30% stake in the ownership and therefore profits of Emugen. By the end of Year 6, Green Energy Alliance’s 30% stake will be worth US $33,594,150.
This figure ignores future profits, the extension of the 8 MW plant to a 28 MW plant, the expansion of Emugen’s business into other districts in Ghana and other territories in South West Africa and other opportunities for investment which are available to Green Energy Alliance.
Please see the detailed notes on Emugen’s project which appear at the end of this paper.
