Arrow Starts Geothermal Projects in Pacific Basin
March 08 2012 - 12:28PM
Business Wire
Arrow Resources Development, Inc. (“Arrow”), in
conjunction with The Asian Development Bank (“ADB”), has commenced
the testing process for the construction of the patent-pending
Single Well Engineered Electric Turbine System ("SWEETS")
Geothermal Power Plant in the Pacific Basin. The test drilling will
verify the minimum temperature requirement (450 degrees Fahrenheit)
at the first of 2 locations. ADB is committed to provide financing
for the subsequent steps which include the development of the
engineering plan and construction of these 50MW facilities. To
learn more about this development, visit the ADB Project Site.
About Arrow Resources Development, Inc.
Arrow Resources Development, Inc. develops and coordinates
corporate operations, finance, sales and marketing activities along
with the administration of the corporate citizenship programs for
natural resource development companies in the Asian market. Its
initial relationship with Arrow Pacific Resources Group Limited
(BVI Company) is for the development of large scale
plantation/farming operations and Geothermal power plants in
Indonesia and the Pacific Basin. Arrow has also signed similar
agreements with Gerakan Masyarakat Pelestari Lingkungan Hidup
(GMPLH), and GMPLH's joint venture partner, PT Tiga Daun
(Indonesian company owned by Arrow Pacific) Arrow's agreements
entitle the Company to 10% of all gross revenue generated by all
their partners' plantation/farming including any and all sales of
natural resources and derivative products. For more information
about the company, please visit their website at
www.arrowrd.com.
Safe Harbor: Statements regarding financial matters in this
press release other than historical facts are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Securities Litigation Reform
Act of 1995. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking
statements be subject to the Safe Harbors created thereby. The
Company is a development stage firm that continues to be dependent
upon outside capital to sustain its existence. Since these
statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
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