Clean Energy and Power, Inc. Announces Initial Solar Project in South Bohemia Ready to Generate Revenue
Marketwire “Press Releases “
WARWICK, RI — (MARKET WIRE) — 11/09/10 — Clean Energy and Power, Inc. (PINKSHEETS: KEPI) (www.cleanenergyandpower.com) today announced it has received confirmation that its solar project in South Bohemia, Czech Republic is now connected to the power grid.
Dennis Shen , President of Clean Energy and Power , said today, “We have received confirmation that our initial solar project in South Bohemia, Czech Republic has completed its testing and is now confirmed to begin generating revenue. This is the first of three projects in the Czech Republic that the company has completed and we should start receiving daily reports as to the amount of electricity and Euros being generated. This will begin showing up as revenue within the next thirty days.”
“We are pleased to see our solar project producing power and are delighted to know that this electric production is helping the environment as we put clean energy into the electrical grid,” stated Erwin Vahlsing , CEO of Clean Energy and Power . “We are looking to expand into our new projects both in the Czech Republic and other countries that have good government subsidized models.”
Mr. Shen has recently returned from visiting several countries and is working on several new solar contracts with both existing properties as well as with new opportunities. “As new projects are committed to, we will provide additional alerts to our shareholders as they develop,” stated Mr. Vahlsing.
In other company news, the financial statements required for the filings are being finalized with the auditors. Filing with the SEC is imminent.