Mondial Energy Announces Photovoltaic SOP Contract
with Crown Holdings, Inc.
February
4, 2008, Toronto, Mondial Energy Inc. is pleased to announce it has
been awarded a Standard Offer Price contract with the Ontario Power
Authority for a 326 kW photovoltaic panel installation. The designed
installation is more than three times larger than anything built in
Canada to date. Under the SOP contract, Mondial will receive $0.42
per kWh for 20 years for the electricity from the panels delivered
in to the electricity grid. The site is the roof of a warehouse owned
by CROWN Metal Packaging LP, a subsidiary of Crown Holdings, Inc. (NYSE:
CCK) (Crown) (www.crowncork.com),
in Weston, Ontario. Under the terms of a Memorandum of Understanding
with Crown, Mondial will pay a roof lease to Crown for the use of the
roof. Mondial is currently in negotiations with turnkey installation
contractors for construction of the PV site. Mondial has applied for
a second SOP contract for another Crown site. "Crown is excited
about the opportunity to create environmentally friendly energy from
renewable resources," said Raymond L. McGowan, President, Americas
Division. "This initiative is one more example of our commitment
to sustainability and resource usage reduction as expressed in our
Corporate Sustainability Policy."
About Crown Holdings, Inc.
Crown Holdings, Inc., through its subsidiaries, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, PA. For more information, visit www.crowncork.com. For more information, contact:
Michael F. Dunleavy,
Vice President of Corporate Affairs and Public Relations;
Tel: (215) 698-5051;
Email:
For investors:
Timothy J. Donahue,
Senior Vice President - Finance,
(215) 698-5088.
About Mondial Energy Inc.
Mondial Energy Inc. is a private company with over 50 shareholders formed in 2004 to fund and own renewable energy generating assets. Mondial sells energy from solar assets.
For more information on Mondial, visit our web site at www.mondial-energy.com.
For information contact:
Francine Borsanyi,
416-698-6190
2240 Queen Street East • Suite 200 • Toronto • M4E 3L3
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