Bioenergy

JV Formed to Build and Operate Mexicali Waste-to-Energy Plant

Celebration, Florida [RenewableEnergyAccess.com] International Power Group Ltd. (IPWG) entered into a joint venture (JV) agreement with Sistemas Ecologicos Para La Proteccion Ambiental S.A. (SEPA) and Mario Salguero Rossainzz to build and operate a waste-to-energy plant in the City of Mexicali, North Baja California, Mexico. Under the agreement, IPWG will hold a 90 percent stake in the venture, with SEPA and Mr. Rossainzz each holding 5 percent. International Power and SEPA have also agreed to enter into a waste-handling agreement by January 31, 2007, under which SEPA will pay the joint venture or a subsidiary of the joint venture to process industrial waste into electricity and potable water.