Global Poletrusion Group Corp. Announces Partnership For Project In Tanzania
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.
- Partnership with TANESCO enhances GPGC's market reach in Tanzania.
- Opportunity to set up a manufacturing plant for composite poles boosts production capacity.
- TANESCO's initiative aligns with government-backed electrification and grid expansion projects.
- None.
MIAMI, FL / ACCESSWIRE / June 3, 2022 / Global PoleTrusion Group Corp. (OTC PINK:GPGC) has received written confirmation from Tanzania Electric Supply Company Limited (TANESCO) of its intention to engage in a partnership for the manufacture of composite poles and distribution structures. It further confirms that this will be part of the initiative of the Tanzanian government to enhance the availability of electric materials for electrification and grid expansion projects.
TANESCO (https://tanesco.co.tz/) is a parastatal organization established in 1931 for the purpose of generating, purchasing, transmitting, distributing, and selling electricity to Tanzania Mainland. It sells bulk power to the Zanzibar Electricity Corporation (ZECO).
The GPGC team has been requested to attend a meeting in Tanzania, to cover details of the commercial terms and the technical parameters.
This follows the announcement on April 28, 2022, that the Ministry of Energy of Tanzania has authorized the formation of a partnership between GPGC and TANESCO.
Ramiro Guerrero, President and CEO of GPGC adds "This is a great advancement towards our goal to produce distribution poles and transmission towers in Tanzania. This will provide us with the opportunity to set up a manufacturing plant for our products derived from composite materials using pultrusion technology.''
About Global PoleTrusion Group Corp.
GPGC is an engineering firm that fulfills the needs of telecommunications and utility companies, providing composite poles, towers and renewable energy solutions. Their composite structures outperform their steel, wood and concrete counterparts as they are stronger, lighter, easier to install and environmentally safe. With its advanced engineering and manufacturing capabilities, GPGC is at the forefront of providing creative and effective solutions to address the needs of utility companies around the world.
To learn more about GPGC, visit
www.globalpoletrusiongroup.com
Contact:
info@poletrusion.com
Forward-Looking Statements
This news release contains « forward-looking statements », as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
SOURCE: Global Pole Trusion Group Corp.
View source version on accesswire.com:
https://www.accesswire.com/703078/Global-Poletrusion-Group-Corp-Announces-Partnership-For-Project-In-Tanzania
FAQ
What partnership has GPGC formed in Tanzania?
When was the partnership with TANESCO announced?
What is the significance of GPGC's partnership with TANESCO?
What type of technology will GPGC use for manufacturing in Tanzania?
What is GPGC's stock symbol?
