Minerco Resources, Inc. Receives Municipal Environmental Approval for the Sayab Wind Project
HOUSTON, TX — (MARKET WIRE) — 02/14/11 — Minerco Resources, Inc., (OTCBB: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America , announced today the company has received approval from the Environmental Unit of the Municipality of San Marco de Colon for its 100 Mega-watt Sayab Project . The project is estimated to have the potential capacity to gross $48 million per year once fully operational; however such estimates are based upon preliminary results and assume all studies produce anticipated results and that expenses do not exceed their estimated amount and therefore can be no assurance that the results will be as anticipated.
The approval from Environmental Unit of the Municipality of San Marco de Colon for the Sayab Project is an important and necessary step in the process in obtaining Congressional approval for the Project. For a step by step look at the approval process in Honduras , visit our website at www.minercoresources.com/process.php.
“The Environmental Approval from the Municipality of San Marco de Colon for our Sayab Wind Project is very significant. ERHSA has created a strong relationship with the Municipality, and together we plan to strengthen the relationship. We look forward to working closely with the local communities and the Honduran Government in developing our Sayab Project ,” said V. Scott Vanis , President and CEO of Minerco.