HOUSTON, March 16, 2011 /PRNewswire/ -- Energy Holdings International, Inc. (EHII) (OTC Bulletin Board :EGYH ) has received its long awaited confirmation for the natural gas availability from the Bangladesh Power Development Board (BPDB) in Bangladesh in order to begin its development of the 450MW Natural Gas fired Combined Cycle Plant.
Mr. Abul Quasem, Chief Engineer (Generation) for the Bangladesh Power Development Board (BPDB) recently confirmed the awaited availability of natural gas to EHII for the project. Parsons-Brinckerhoff has completed the initial site study for the project, which has a capital cost of approximately $375 million USD. EHII has begun evaluating the Power Purchase Agreement (PPA) and Implementation Agreement (IA) for the plant and anticipate breaking ground on the project in the second or third quarter of 2011.
"In addition, EHII is working with a major infrastructure company in India to build, own, operate, and transfer (BOOT) agreements for 2 power plants with maximum combined capacity of 1200MW in the Middle East region. EHII has also formed association agreements with major engineering and construction firms that will assist in the project construction management with EHII," stated Mr. John Adair, Chairman.
Energy Holdings International, Inc. is an American-Saudi company with four of its board members being from Riyadh, Saudi Arabia and includes two members of the Al Saud Royal Family. EHII is incorporated in the state of Nevada and is a bulletin board listed company (EGYH.OB). Its focus is energy development including Oil and Gas, electrical power plants including wind energy in both the Americas and the Middle East. For additional information please review EHII's website at www.energyhii.com.
EHII has retained Heartland Capital Markets, a national, Dallas-based investor relations and financial consulting firm, to develop and implement a strategic investor relations program to raise its visibility and strengthen its relationships with the investment community.
As a result of the market opportunity available to EHII and it's improving financial and operating structure, EHII has retained Heartland Capital Markets to help us build shareholder value by developing a comprehensive program that expands it's visibility within the investment community.
Heartland Capital Markets has offices in Dallas and New York and provides a comprehensive range of investor relations services to a growing list of clients. Heartland Capital Markets has deep roots in the Oil&Gas industry and has been a recognized leader in driving market recognition and creating sustainable competitive advantages for micro- and small-cap companies. Heartland delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.
In light of these risks, uncertainties and assumptions, the events anticipated by EHII's forward-looking statements may not occur, and, if any of such events do, we may not have anticipated the timing of their occurrence or the extent of their impact on our actual results. Accordingly, you should not place any undue reliance on any of EHII's forward-looking statements. EHII's forward-looking statements speak only as of the date made and EHII undertakes no obligation, other than as required by applicable law, to update or revise its forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.
SOURCE Energy Holdings International, Inc.