(MENAFNEditorial)
Houston Texas January 23 2015 –SMART VENTURES INC. (SMVR: OTC)
SMART VENTURES ANNOUNCES EPC PARTNERSHIP FOR HYDRO POWER PLANT CONCESSION
Smart Ventures Inc. is pleased to announce its partnership with AGENCE des CONSTRUCTIONS et des FORMATIONS PROFESSIONNELLES hereinafter referred to as A.C.O.F.LTD. Smart Ventures will participate in the project management and oversee procurement of subcontractors for the construction of a 55 Mgw Hydro Power Plant in the Democratic Republic of Congo. The concession contract was awarded to A.C.O.F.LTD on December 24 2014 by His Execellency Honorable Pascal Salumn Tutu the Governor of Maniema Province. The government provided a payment guarantee in the form of mineral concessions and oil block awards. Smart Ventures has presented a tender request to qualified subcontractors to begin the environment assessment and survey for the proposed site for construction. The project is expected to be a $150 Million construction with a completion timeline of 3-5 years. The project is a public private venture with an expected power purchase agreement for 20 years. Smart Ventures will own 30% of the venture as part of the partnership agreement. We will provide an update as developments unfold.
About Smart Ventures
Smart Ventures Inc. is an independent energy company engaged in engineering extended reach drilling services acquisition development production and exploration of oil gas and mining minerals internationally. We began to offer a diverse range of armored vehicles to our clients in the Middle East and Africa. We have diversified our products offering into the specialty chemical market as well through our China supplier.
www.sandaydrilling.com www.smartventuresinc.us
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This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes” “expects” “may” “will” “intends “plans” “should” “seeks” “pro forma” “anticipates” “estimates” “continues” or other variations thereof (including their use in the negative) or by discussions of strategies plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements including those discussed under “Risk Factors” and “Our Business.” Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including without limitation ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Media Relations: Roger Smith
Contact: (832) 717-4412
Email: Roger@smartventuresinc.us
Websites: www.sandaydrilling.com www.smartventuresinc.us
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