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SUST
AIN
targeting india
Another of SEA’s target markets is India, where the
ABILITY
company has identified a need for renewable energy due
to a vast population that has an expanding middle class
and is experiencing increased industrialisation. Following
the development and eventual profits of the gas and oil
reserves in the USA, SEA will be looking to develop a
wind farm in India, as well as hydro-electric schemes in
India and Sri Lanka.
Bruce Scambler, Chief Operating Officer USA,
represents the ‘traditional’ energy side of the company
and has had many years experience in Oklahoma oil
and gas, having managed operations for his own, as
well as other, oil and gas development companies
there. “Oklahoma, after all these years, still has massive
oil reserves that are providing great returns,” he
says. “We’re confident in our ability to use the capital
generated by these projects to further the green arm
of the company – the wells in Oklahoma come with a
wealth of knowledge and are able to be used efficiently.”
shareholder growth
The Board and management of SEA are keenly focused
legislation … approved by the
on continuing its growth through 2010 by a public
capital raising and subsequent listing on a suitable Stock
Australian parliament in August Exchange. SEA is focussing on being able to provide
this year … could produce an
positive shareholder growth as equity markets return to
more normal function, and energy prices recover along
expansion of over A$20 billion
with the global economic situation.
in new investment in renewable
Sustainable Energy Australasia Limited is currently
energy over the next decade
raising capital ahead of an expected IPO on the
Australian Securities Exchange in 2010.
within Australia.
www.sustainableenergyaustralia.com.au
2009 • INVEST IN AUSTRALIA–INDIA 91
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