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Last updated on April 20, 2014 at 19:30 EDT

Latest 3Power Energy Group Inc. Stories

2013-03-20 08:22:15

NEW YORK, March 20, 2013 /PRNewswire/ -- 3Power Energy Group, Inc. (OTCBB: PSPW) ("3Power"),a developer and operator of hydroelectric power plants in Albania, today announced that it has retained KCSA Strategic Communications (KCSA), a leading New York-based communications firm with specialists in the renewable energy sector, to direct 3Power's investor relations program. KCSA will deploy an investor relations campaign designed to increase awareness of 3Power, its unique set of assets and its...

2013-03-18 12:22:08

NEW YORK, March 18, 2013 /PRNewswire/ -- 3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB: PSPW), a developer and operator of hydroelectric power plants in Albania, has announced that the Board of Directors of 3Power Energy Group has selected Mr. Sharif Rahman as the Company's new Chief Executive Officer. Mr. Rahman, who is currently the CFO of 3Power Energy Group and will remain in this interim position until a new CFO is appointed, began his new role with the Company effective...

2012-06-26 06:21:24

NEW YORK, June 26, 2012 /PRNewswire/ -- 3Power Energy Group Inc. ("3Power"? and "the Company"?) (OTCBB: PSPW) (Frankfurt: PSD), is pleased to announce that the company signed a strategic alliance and partnership agreement with Green World Development Inc., (OTCBB: GREW), to jointly acquire and to develop US multifunctional Energy Centres. Initially 3Power and Green World will Jointly acquire the North Carolina Biomass/Wood Pellet Plant to develop multifunctional Energy Centres on the...

2012-06-14 02:21:56

NEW YORK, June 14, 2012 /PRNewswire/ -- 3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB: PSPW) (Frankfurt: PSD), is pleased to announce that the company finalized the acquisition agreement of the 126.7Mwt electric hydro power plant on Shala River in Albania with SHALA ENERGY Shpk. The Company SHALA ENERGY shpk, has signed a Concession Agreement, BOT form, with the Ministry of Economy, Trade and Energy of Republic of Albania for the construction of a hydropower plant cascade on...

2012-06-01 06:21:39

NEW YORK, June 1, 2012 /PRNewswire/ -- 3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB: PSPW) (Frankfurt: PSD), is pleased to announce that the company signed a frame agreement to receive a 15 years interest-only bond amounting USD 75M with the 100% of loan principal, fully due and payable at the conclusion of the 15 year term. The bond will be collateralized by the company's projects in addition to the financial securities provided by the selected investors consortium from the...

2012-02-09 09:00:00

NEW YORK, Feb. 9, 2012 /PRNewswire/ -- 3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB:PSPW) (Frankfurt:PSD) is pleased to announce that the company entered into a frame agreement with a Chinese Investment group to acquire 100Mwt PV Solar Power Plants from their portfolio in Italy. Projects are financed and produce electricity into the national Grid under long term Power Purchase Agreements. The projects are located in several high sun radiations regions in Italy. The...

2012-02-08 14:45:00

NEW YORK, Feb. 8, 2012 /PRNewswire/ -- 3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB:PSPW) (Frankfurt:PSD) is pleased to announce that the company appointed Mr. Claudio Terruzzi, a prominent Italian entrepreneur and steel industrialist, with worldwide investments and a successful career especially in the environmental sector, as a board member and senior executive within reputable organisations. The company will benefit a lot from Mr. Terruzzi's distinguished global network and...

2012-01-11 08:44:00

NEW YORK, Jan. 11, 2012 /PRNewswire/ -- 3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB: PSPW) (Frankfurt: PSD) is pleased to announce that the company entered into an agreement to develop 240 hectares of land in Nuoro region, elevation 800M at sea level in Sardinia. The land will be leased by 3Power upon the completion of the licensing and permit process. Seawind Services, the company subsidiary providing the engineering work for wind projects, will start installing the wind...

2012-01-04 15:35:00

NEW YORK, Jan. 4, 2012 /PRNewswire/ -- 3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB:PSPW) (Frankfurt:PSD) is pleased to announce that the company entered into a frame agreement with an Albania based investment group to acquire 75% of the concession rights to develop Hydroelectric power Project on Shala River, in Albania, of a licensed total installed power of 127.6 MW. The BOT Concession Agreement with the Ministry of Economy, Trade & Energy of the Republic of...

2011-12-26 17:09:00

NEW YORK, Dec. 26, 2011 /PRNewswire/ -- 3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB: PSPW) (Frankfurt: PSD) is pleased to announce that it concluded settlement agreements with the bulk of historical debts creditors from share holders and service providers to convert their debts into equity in 3Power by issue of new shares and warrants. This step will enhance the company balance sheet and support the project funding process. The bulk of the converted debts belong to...