See more news releases in: Gas, Oil & Energy, Utilities
Coates International, Ltd. Received Notice Today, April 6, 2011, from the World Business Group of Dubai, United Arab Emirates That the Coates Flare Off Gas Power Plant Project Has Been Approved
WALL TOWNSHIP, N.J., April 6, 2011 /PRNewswire/ -- Coates International, Ltd. (OTCBB: COTE) – Coates International Ltd. (the "Company") is pleased to announce that it received notice that the flare off gas power plant project is approved. This project is approximately worth $400,000,000 USD.
The power plant was designed by George J. Coates and his son Gregory G. Coates, which will incorporate approximately 300 Coates CSRV 1 to 2 M.W. natural gas electric power engine generators that will be manufactured in China to Coates CSRV specifications.
- Coates International, Ltd. will construct and set up a complete turnkey electric power plant in a designated Arab country.
- The companies that will participate in the project are:
- Sherman Engineering Company
- Luz Construction, Inc.
- J.S.A. Engineering, Inc.
- Almont Energy, Inc.
- The Chinese company that will manufacture the Coates CSRV natural gas engine generators and supply the systems for the project.
- Coates International, Ltd. will manage the entire project.
- 90% of the funding is from Dubai, U.A.E. and 10% from the Arab country where the power plant is required.
- As soon as contracts are signed and funds are received the project will start.
- The Dubai U.A.E. world business group is also talking with other countries where flare off gas is being released to mimic this project.
- Management is extremely satisfied with these events and believes this project will start the ball rolling, and will benefit all companies involved including our share holders.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.
THE COATES OFFICIAL NEWS WEBSITE:
www.coatesengine.com
www.mostadvancedengine.com
SOURCE Coates International, Ltd.
Back to top
RELATED LINKS
http://www.mostadvancedengine.com
http://www.coatesengine.com
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
![]()
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All That Glitters: The Ultimate Gold Report".
- Site Preview
-
Close Site Preview
-
View FullScreen

