AGREEMENT IN PRINCIPLE WITH A LARGE GLOBAL ENERGY PRODUCER FOR PURCHASE OF POWER AND OFFSETS

Posted by on Dec 20, 2011 in News | Comments Off on AGREEMENT IN PRINCIPLE WITH A LARGE GLOBAL ENERGY PRODUCER FOR PURCHASE OF POWER AND OFFSETS

Mustus Energy Ltd. and a large global energy producer have agreement on terms for the purchase of a minimum of 34 MW power or 300,000MWh per year (“firm volume”) and all environmental attributes associated with the facility’s production until December 31, 2022 with the right for the Purchaser to extend the purchase for another 10 year period until December 31, 2032. The set of terms reflected in this Term Sheet are non-binding however, Mustus Energy Ltd. is pleased to be negotiating a contract based on these terms.

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