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
EuroSport Active World Corp ‐ 2000 Bvld.
Ponce de Leon 6th Floor
Miami Florida 33134 ‐ www.eawctechnologies.com
info@eawctechnologies.com ‐ +1 305 517 7330
[i]
http://news.yahoo.com/gas-shortage-exposes-pakistans-energy-crisis-060506700--finance.html
[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