Czech group eyes Vanuatu’s energy sector

14/07/2014

A company from the Czech Republic in the European Union, Vision Group 21, has approached the Vanuatu Investment Promotion Authority (VIPA) with a “Letter of Intent” following their recent visit to the country in May, reports the VIPA newsletter.<!--more-->

Quoting from the letter written by Vision Group 21 chairman Mark Klimes, the newsletter states that the group intends to build technological systems for the construction and operation of hydro plants, supplying technological units for thermal decomposition and medical waste. The group also intends to provide “complete solution for water supply, sewage and waste management.”

Vision Group 21 confirms that they are ready, willing and able to invest in these technologies and possibly to provide financial resources for their implementation, if they can be supported by local government or national government guarantees, says the newsletter.

Mr Klemis has also said that his company will assist national and provincial governments in the development of the country’s energy sector. The entrepreneur has announced another visit toward the end of this year.

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