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Ongoing Projects. Making it work
IEG have a number of ongoing projects, some "live" and some in development and due to begin in earnest any time now. Featured below are a selection of these
Acquisition / ownership of Fast Pyrolysis Process, Innovative Energy Global, Ltd.
The Bio-fuel is produced through a patent E-GrassTM crop. The project has reached a successful test bench scale and bio-fuel is currently being produced at higher efficiency than the designed process. In the month of July '07, based on the successful results, IEG has acquired ownership rights of the technology. Innovative Global Energy will be granting license to different sponsors / developers for deployment of this technology for producing bio-fuel and electricity.
E-GrassTM Projects
I- 130 MW Power Project in Florida, USA
A 130 MW close-loop, horizontally integrated combined cycle power project which will produce clean electricity from Bio-fuel / E-GrassTM, in central Florida, USA. The PPA has already signed with Progressive Energy, Florida.
II- 130 MW power project based on E-GrassTM, Sicily, Italy
A 130 MW close-loop, horizontally integrated combined cycle power project which will produce clean electricity from Bio-fuel / E-GrassTM. This is a fast track project in biomass sector for which Letter of Intent has been issued by the Government of Sicily. The process of acquiring land is under way. We have already engaged consultants to conduct site survey, soil testing, and pilot farming. The process of permitting and authorization is under way. The project has a feed-in-tariff and there is no requirement of a PPA.
III- 65 MW power project based on E-GrassTM, Campania, Italy
A 65 MW close-loop, horizontally integrated combined cycle power project which will produce clean electricity from Bio-fuel / E-GrassTM. This is also a fast track project in biomass sector for which Letter of Intent has been issued by the Government of Campania. The process of acquiring land is under way. We have already engaged consultants to conduct site survey, soil testing, and pilot farming. The process of permitting and authorization is under way. The project has a feed-in-tariff and there is no requirement of a PPA.
PROJECTS UNDER DEVELOPMENT
Innovative Windpower
IWP has been established to design, test, certify, commission and commercially deploy state of the art wind farm turbines.
Based out of Germany, IWP manufactures mid-sized wind turbine Falcon 1.25 MW highly versatile.
This turbine reflects the specific optimum point between cost of energy and logistic and service life-time cost.
First year's total production has been sold off for next year to projects in Turkey and Germany.
Bioethanol
IEG has stepped in as a sponsoring equity investor in Bioethanol Company.
Wind Eagle
The project is being set up under Government of Pakistan's renewable energy policy wherein the government among other things, is guaranteeing wind risk. Allocation of land is done with regard to site survey. Soil testing is underway.
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