Bergamo Acquisition proposes solar project in Lebanon

(ADPnews) - Mar 9, 2010 - US clean power-focused investment advisor Bergamo Acquisition Corp (OTC:BGMO) yesterday revealed a new solar power project for the Republic of Lebanon.

The venture's key management is traveling to Lebanon this week in order to ink the Letter of Intent (LoI) with the local government. Pursuant to the terms of the deal, the Lebanese government may cover all costs of the project, amounting to USD 500 million (EUR 368m).

Bergamo E&A, a Pakistan-based subsidiary of Bergamo Acquisition, will be asked to provide the technical expertise and turn-key operations. The company is assigned to receive a special letter of credit, noticing that the Lebanese government supports Bergamo activities and its involvement in the project.

(USD 1.0 = EUR 0.736)

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