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Global PoleTrusion Group Corp. (OTC PINK:GPGC) has confirmed a partnership with Tanzania Electric Supply Company Limited (TANESCO) aimed at manufacturing composite poles for electrification and grid expansion projects in Tanzania. This partnership is part of the Tanzanian government's initiative to enhance electric material availability. Following a previous announcement on April 28, 2022, the GPGC team is set to meet in Tanzania to discuss commercial terms and technical parameters. The venture emphasizes GPGC's intent to establish a manufacturing plant utilizing pultrusion technology.
Global PoleTrusion Group Corp. (GPGC) is exploring new business opportunities in Jordan's energy sector, particularly focusing on distribution poles and telecommunication towers. The company aims to secure Power Purchase Agreements for solar and biomass projects, in response to a request from the local industry. President and CEO Ramiro Guerrero highlighted the company's technology as a key asset in entering the Jordanian market amidst ongoing plans to enhance the local electrical grid.
Global PoleTrusion Group Corp. (GPGC) has received encouragement from Tanzania's Ministry of Energy to advance discussions with TANESCO for a potential Joint Venture. This collaboration aims to provide composite utility poles and establish a production facility in Tanzania, marking a significant step towards GPGC's goal of producing Distribution Poles and Transmission Towers. GPGC specializes in engineering solutions for utilities, emphasizing the superior benefits of composite structures over traditional materials.
Global PoleTrusion Group Corp. (OTC PINK:GPGC) announced positive progress in discussions with electrical supply companies in East Africa, leading to potential financing from four European groups for developing the East African pole market. The funds will be allocated to establish production facilities, with plans for a single production line at each of three locations. GPGC aims to enhance shareholder value and capitalize on power transmission opportunities. CEO Ramiro Guerrero noted that securing multiple financing options could yield favorable conditions for various projects, including solar and biomass.
Global PoleTrusion Group Corp. (OTC PINK:GPGC) has engaged TENESCO in Tanzania to address their infrastructure needs with composite utility poles. GPGC's products have been recognized as qualifying supplies. They are initiating a joint venture with TENESCO to establish a manufacturing facility for distribution poles and transmission towers, a proposal which has received approval from the Minister of Energy. The partnership aims to enhance local capabilities for utility solutions.
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