Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 27 May 2019, 14:00 HKT/SGT
Share:
    

Source: Greenbriar Capital Corp.
Greenbriar Capital Corp Provides Montalva Update

Boise, Idaho, May 27, 2019 - (ACN Newswire) - Greenbriar Capital Corp. (TSXV: GRB) ("Greenbriar") The Company is pleased to announce that further to its news release dated Feb. 6, 2019, the company has been in non-stop negotiations with PREPA and its consultants (Filsinger Energy Partners) and attorneys (King & Spalding), to permit the Montalva Project to proceed forward. Under the guidance of Luis Baco, JD, LL.M, the company and PREPA have basically come to terms on pricing. During the negotiating process, PREPA learned that the Montalva site can easily accommodate 145 Megawatts AC of capacity, 45% more than the original contract. Greenbriar has been asked to revise our proposal to include the increased capacity, a detailed scheduled timeline to commence construction, and sources of project funding. The company secured funding at the project level last year and the funding is still in effect. The company expects to file the revised proposal by the end of this week.

The company is also in talks with a very large Canadian based clean energy power producer regarding a relationship for Montalva and any other solar projects in Puerto Rico. The company advises its shareholders that since Hurricanes Irma and Maria impacted the island, timelines and processes have taken much longer than anticipated and such delays are out of the company's control. However, based on our revised proposal and subject to final sign off by PREPA and the Federal Oversight and Management Board (which previously recommended our project) the company expects to start construction before the end of the year.

About Greenbriar Capital Corp:

Greenbriar is a leading developer of sustainable real estate, real estate blockchain, artificial intelligence and renewable energy. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director
949.903.5906

The Toronto Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the Toronto Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Toronto Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45050


May 27, 2019 14:00 HKT/SGT
Topic: Press release summary
Sectors: Alt. Energy, Alternatives
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Leading Travel Service Enterprise in Zhejiang - Feiyang International Holdings Group Limited Announces details of listing on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK")  
June 17, 2019 18:40 HKT/SGT
NEC Receives EUR50 Million Order from Deutscher Wetterdienst (DWD)   
June 17, 2019 17:07 HKT/SGT
China Risun Signs Strategic Cooperation Agreement with Yonyou Network  
June 17, 2019 16:52 HKT/SGT
Carboncor receives South Australia's Endorsement for Use on Local Roads  
June 17, 2019 16:00 HKT/SGT
Kerry Logistics forms JV with Spain's National Postal Service Correos to Capitalise on China's E-commerce Export Growth  
June 17, 2019 14:05 HKT/SGT
Geisha Japan Looks to Make Maiko and Geiko Culture Accessible to Foreigners  
June 17, 2019 13:40 HKT/SGT
Polymath, Blockpass Announce Strategic Collaboration and Partnership  
June 17, 2019 13:30 HKT/SGT
Late Heartbreak for Tanak and TOYOTA GAZOO Racing  
June 17, 2019 07:56 HKT/SGT
Dramatic One-Two Victory for TOYOTA GAZOO Racing  
June 17, 2019 07:33 HKT/SGT
29 Indonesian businesses win SME100 Awards as 'Fast Moving Companies 2019'  
June 15, 2019 06:00 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: