Energy Agreements Unite 3 International Firms in Hydro Power Project

Development Will Bring Affordable Electricity to Guatemala

Jan 13, 2010, 03:00 ET from World Energy Research

AUCKLAND, New Zealand, Jan. 13 /PRNewswire/ -- World Energy Research (WER) of New Zealand has secured a renowned German company to build hydroelectric turbines in Guatemala.

By 2020 the world energy demand will have risen by 50%. Knowing that only 22% of the world's prospective hydropower is being utilized, WER unites with Wasserkraft Volk AG and Energia Total to catalyze and conserve this potential.

Wasserkraft Volk AG (WKV) of Gutach, Germany has been commissioned to build three of 13 slated hydroelectric sites in Guatemala. They are expected to be completed by this year. WKV is a leading global manufacturer and patent holder of small and medium sized hydropower plants. They run 5 custom turbine technologies in over 30 countries worldwide.

In a related development, agreements have also been signed with Energia Total. The Guatemalan energy company will purchase 100% of the power generated by the three WKV-built turbines.

World Energy Research is in charge of funding and managing the project.

Cooperative global ventures like this one will help move Guatemala away from its historic dependence on imported energy. Traditionally, Guatemala has fueled its power stations with expensive foreign oil.

After this phase is complete, World Energy Research has plans for ten more hydroelectric sites in Guatemala. It's also exploring Guatemala's solar, wind, biomass and geothermal energy potential.

About World Energy Research:

World Energy Research (WER) of Auckland, New Zealand is an energy investment firm that nurtures partnerships with international governments and companies to seek out energy projects with the greatest potential for high returns and low environmental impact.

World Energy Research is the parent company of World Energy Capital OFC, an offshore banking company, World Trade Source, a new online trading platform, the soon-to-be-launched sites World Energy Media, a news service for the energy sector, and World Legal Source, a global investment and asset protection legal service.

SOURCE World Energy Research