The new joint venture is reported as a “merger of OSEA's Community Power Services Group and Koenig & Consultants' KCI New Energy. The latter have an office in Germany and their Toronto office appears to be a small house in Etobicoke.
According to their website this new venture will do the following;
“For renewable energy projects, we provide community-based solutions with a full service portfolio ranging from idea generation through governance and development, business planning and finance, permits and engineering, to overall project management and back office functions for co-operative organizations once the project is operational.”Financially how OSEA can undertake this is baffling. If one looks at their most recently released financial statements (March 31, 2010) they have a net worth of $48,865 (about the price of a Chevy Volt). Since then they have spent $200K or so on TV ads during the 2011 Provincial election campaign telling people who “not to vote for” and along the way needed to pay their “green” staff. So where do they get their money?
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