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Enerkon Solar International Inc. (OTC PINK: ENKS) Announces Officer Appointment and Operational Plans
Enerkon Solar International Inc. (OTC PINK: ENKS) Announces Officer Appointment and Operational Plans.
About this update from New Technology Acquisition Holdings
[{"type":"text","content":"DELRAY BEACH, FL / ACCESSWIRE / March 28, 2018 / Enerkon CEO Benjamin Ballout stated today that the board of directors has appointed Dr. Ibrahim Mossad El Nattar as SVP of international business development and in other news, Enerkon Solar International Inc. (OTC PINK: ENKS) filed a supplemental 8K disclosing the un-audited financial condition and operations of the company. Mr. Ballout further stated that the company is in the final administrative stages to break ground on the Gaza 500 MW solar plant awarded to the company in early 2017 and will start preparation for Cabo Delgado (500 MW) and Nampula (500 MW) solar plants which have also been awarded to Enerkon Solar International Inc.Funding has been arranged for the plants and operations, valued in line with international cost standards for utility-scale PV plant implementation.In executing their long-term strategic plan, Enerkon Solar International is focusing on providing utility-scale PV solar energy solutions using their modules and systems to key geographic markets that the company believes have a compelling need for utility-scale PV electricity, including markets throughout the Americas, Asia, the Middle East and Africa, whereas acquisition of strategic companies in the renewable energy sector are also a large part of the company's near-term plans.Mr. Ballout confirmed further that Enerkon Solar International Inc. is in final acquisition talks with SCC (Specialized Construction Company), a Kingdom of Saudi Arabia construction company, which the company views as a potential turnaround target and useful to its long-term EPC implementation plans.The company has arranged financing for acquisition and turnaround from the Japan Venture Fund and if successful, plans to use an international rating agency to rate the company and transaction.Enerkon Solar International hopes to finalize the acquisition and, if successful, the operations will complement the EPC operations of ENKS Global Star Holdings operations in the African and Middle Eastern markets for utility-scale PV solar plants construction and operation, which is the main focus of the company.This press release contains certain \"forward-looking\" statements, defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. Statements, which are not historical ...