International Power Group Moves
Forward in Process of Establishing Waste-to-Energy
Plants in Saudi A...
Aug 23, 2006 - Business Wire
International Power Group, Ltd. Peter
Toscano, 407-566-0318 www.i- pwg.com or The Investor
Relations Group Investors: Antima "Taz" Sadhukhan
or Damian McIntosh, 212-825-3210 or Media: Bill
International Power Group Ltd., (Pink
Sheets: IPWG) has received authorization from the
Kingdom of Saudi Arabia's Presidency of Metrology
and Environment (PME) office to begin its due diligence
in the city of Jizan, to determine the viability
of establishing the Company's first waste-to-energy
plant in Saudi Arabia. Jizan is located in the southwest
of the Kingdom, near the border of Yemen. A team
of consulting engineers and scientists working with
IPWG will be conducting the research in Jizan.
Peter Toscano, CEO of IPWG, said:
"We are pleased with the rapid progress being made
towards establishing our first waste-to-energy facilities
in Saudi Arabia. The Kingdom of Saudi Arabia's economy
is one of the world's fastest-growing. This fast
growth has strained the Kingdom's limited drinking
water supply and its electricity resources. IPWG's
waste-to-energy technology, with its purified drinking
water by-product, is, we believe, the perfect solution
to the Kingdom's waste disposal, drinking water
and electricity needs."
Once this location is determined as
viable, a timetable will be developed for construction
of the waste-to-energy facility. The Company expects
that plant construction would begin in late 2006.
About International Power Group, Ltd.
International Power Group, Ltd. is
a multifaceted alternative energy solutions company
dedicated to providing energy solutions in a sustainable,
environmentally-friendly manner. Through its subsidiaries,
strategically placed around the world, and its strategic
partnerships, IPWG intends to provide turnkey waste
disposal, electricity and potable water production
plants and systems. The Company intends to establish
waste-to-energy facilities to convert commercial,
hazardous, organic and toxic wastes into saleable
electricity and potable water. IPWG believes it
is uniquely positioned to produce revenue from in-processing
waste and out- processing electricity and drinking
water, addressing the growing need globally for
renewable "green" sources of energy.
FORWARD-LOOKING STATEMENTS: This press
release contains forward- looking statements within
the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange
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For a discussion of such risks and uncertainties
that could cause actual results to differ from those
contained in the forward-looking statements, see
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