|By PR Newswire||
|December 13, 2013 12:00 AM EST||
MIAMI, Dec. 13, 2013 /PRNewswire/ -- Eurosport Active World Corporation (EAWC) Technologies's Research Centre is on the verge of concluding US$200 Million-worth of contracts to supply clean power plants that run on liquid and solid waste.
As recently published in Bloomberg's website EAWC's mandated Swiss Water Tech Research & Development Centre (SWATE) based in Neuchatel (Switzerland), has received Letters of Intent (LoIs) from the Punjabi State Government as well as from several textile and waste-management companies for the provision of innovative and efficient Waste to Energy (WtE) systems. Those LoIs are now on the verge of being concluded as contracts.
These negotiated agreements follow upon recent findings showing eminent shortages of energy, gas and water in Pakistan's Punjab State. The urgent need for a quick, affordable and sustainable solution has therefore been highlighted and EAWC's R&D office SWATE identified as the most suitable to respond in an efficient and effective way to the challenge being faced by the government of Pakistan.
Electricity shortages that over the years in the Pakistani State of Punjab have become ever more frequent and longer in their duration, have now been deemed to have reached crisis proportions. Evidence of this was reported by the New York Times in their May 27th of 2013 issue, wherein shortages at the time were established to have lasted up to 10 hours a day in urban centers while in rural areas they were lasting up to 22 hours a day.
A perceived shortage of gas has also been deemed to be having a negative impact on the economy due to the affect it is having on it's public transport system. The insufficient supply is such that it is unable to power the 3.5 million vehicles running on combustible natural gas in the State of Punjab. These make up more than 80 percent of vehicles running on this method of engine combustion in the country and more than any other country in the World.[i]
An additional factor that has been deemed to be affecting Pakistan's economy are the high levels of human morbidity due to frequent illnesses caused by drinking polluted water and which in turn is having the consequence of decreased worker productivity. Based on findings obtained from a study conducted by the World Wildlife Federation (WWF) and released in a report of February 2007, 20-40 percent of « people in hospitals in Pakistan are suffering from water-borne diseases – gastroenteritis, typhoid, cholera, dysentery... and other serious diseases ». The report also stated that one out of every three Pakistanis « drink unsafe water ».[ii]
From shortages to sustainable solutions
Once concluded these contracts would see EAWC implementing several WtE close circuit systems that treat liquid and/or solid waste to produce surplus amounts of synthetic gas. Those systems would generate sufficient power to supply several generators and power plants that are presently running on natural gas. Such generators would, for example, serve to mitigate the scares electrical supply that presently exists in the State of Punjab. In addition, it's important to highlight that the inherent proprieties of this synthetic gas are that its emissions are cleaner than those of natural gas. In addition, the WtE process of converting solid waste and sewage water into drinkable water results in a cleaner and therefore, healthier environment.
It is possible to ascertain the positive economies of scale that can be obtained when using EAWC's WtE Plants by considering the effect they could have on the productivity of the Chenab Ltd textile company, an export-oriented company that supplies big-name clothing brands including Macy's, Tommy Hilfiger and Victoria's Secret. Faisalabad, an industrial city of central Pakistan, previously had a workforce that peaked at 14,000 employees. Today, crippled by the shortages of electricity that have paralyzed the Punjabi State of Pakistan and that in turn, have over the past five years had the consequence of making its textile machinery stand idle and its employee workforce shrunk to 4,500, its sales for the year up to June were a mere 2.17 billion Pakistani rupees or about US$20 million, down nearly 75% from 2008. [iii]
An EAWC WtE operation can provide several revenue streams what can shorten the returns of investment (ROI) dramatically from years to months. For example, a WtE 1-10 Mw power plant (that can be delivered on a trailer) produces up to 100m3 of gas per hour. This gives a huge surplus of Syngas that can then be bottled and sold. In addition a by-product of the electricity and Syngas that is produced is up to 50,000 liter a day of fresh water.
Above all, WtE plants will allow Pakistan clients to have an autonomous power source either in the form of electricity or in the form of gas. In other words, to be connected to a WtE plant will put an end to electricity cuts and thus could allow companies such as Chenab Ltd, to produce at their maximum capacity. Companies that invest in a WtE facility will also have the opportunity when appropriate, to resell surplus energy. This is particularly true for gas, which can be stored to be sold when gas prices are the highest on the market. Furthermore, having a WtE plant near to those companies using its energy would serve to avoid energy losses affecting the general network.
Investing in water stocks, power and gas
Eurosport Active World Corp (EAWC) is a public listed trading company active in green technologies. Its holdings and its partners are developing manufacturing and distributing facilities that help produce, gas, electricity and drinkable water. EAWC is ready to launch its IPO for more information, please visit the website: www.eawctechnologies.com
[ii] Solid Wastes Use as an Alternate Energy Source in Pakistan, Farhan Masood, Arcada – University of Applied Sciences, Helsinki 2013.
[iii] Power Outages Hobble Pakistan's Biggest Exporters. Lack of electricity enfeebles industrial production, hitting textile sector. By Saeed Shah
SOURCE EAWC Technologies