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