Global Power, Cool Solar sign NDA re Burundi project

Executive Summary

• Global Power Solutions Corp. (formerly Minaean SP Construction Corp.) rebranded and began trading under the ticker PWER on the TSX Venture Exchange.
• The company is pursuing a 10‑MW solar photovoltaic project in Burundi (Hilgiro Hill, Mubuga zone) through a public‑private partnership with the Ministry of Hydraulics, Energy and Mines.
• Project cost is estimated at ~US$12 million; the firm has signed an NDA with German EPC partner Cool Solar GmbH to use high‑efficiency solar panel technology.

Key Details

• Rebranding from Minaean SP Construction Corp. to Global Power Solutions Corp. to reflect expanded focus on renewable power generation and energy infrastructure.
• New ticker symbol PWER listed on the TSX Venture Exchange.
• Memorandum of Understanding (MOU) previously signed with the Government of Burundi; now approached by the Ministry for financing, development, and execution of the 10‑MW solar PV project.
• Project will expand the existing 7.5‑MW Mubuga solar plant built two years ago.
• Estimated total project cost: ≈ US$12 million.
• Technology to be supplied by Cool Solar GmbH, featuring high‑efficiency panels optimized for high‑temperature performance and lifecycle efficiency.
• Global Power Solutions is forming a consortium of qualified international and regional partners; an NDA has been executed with Cool Solar for EPC services.
• Project will be developed under Burundi’s Council of Ministers directives on a PPP basis, coordinated by Gigawatt Burundi.

Notable Quotes

(No direct quotes were provided in the release.)