INTRODUCTION

Caribex Inc is offering to cities and municipalities worldwide the Westinghouse Plasma gasification technology which can be installed in a plant wherein a wide variety of waste materials can be converted to useful and inexpensive electricity.

Caribex Inc can also offer a simple and workable solution that can solve two problems. By building a Plasma torch gasification plant, any city can begin eliminating the mountains of waste materials that are presently being trucked daily into an unsightly and polluting landfills. The plant can instead turn this costly, dangerous and unproductive waste into clean, affordable electric power.

How does this work? We typically establish a PPC, (Public Private Corporation)  that will  finance and construct the plant. The size of the plant, meaning its capacity and output, are designed proportionately to the needs of the city.

We have available 100% financing plans that have survived the world’s present credit problems. We will cooperate with any local corporation or company to present the waste to energy concept to any municipal or federal government. We are an inclusive company interested in advancing this amazing technology and are open to working in any way that accommodates the interests of all parties.

Typically, the municipality, as the public entity provides the land, approximately 10 to 15 acres, and Caribex in cooperation with their local partner will construct the plant entirely with private funding without using or requiring any local funding.

What’s the catch, what would the plant require in return?  There are only two requirements. The local electric company (s) , either individually or collectively must agree to purchase the generated electricity fed into the local grid by the plant at a price of approximately 8 ½ cents per KW.

The plant, which will be 100% financed by private lenders, will assume a 20-year mortgage of approximately $100 million USD. The servicing of this debt, in addition to the cost of maintenance and labor, etc., is partially paid for by the sale of the electricity along with a “tipping fee” for each truck delivering waste materials to the pant. The facility revenues are set by the management team so as to provide off-setting income with a manageable subsidy.

The advantages to the city and municipal government are immediately apparent. The plant will provide full time employment for approximately 140 workers including the technical and managerial staff.

During the 12 to 16 months of construction, contracts will be provided to as many local vendors and service companies as possible. For example, all those materials that are available will be purchased from local vendors. The PPC (Private Public Corporation) will employ civil works contractors, mechanical engineers, electrical installation companies, etc., so as to put as much of the construction costs back into the community as possible.

Once the plant is in full operation the materials from the existing land fill can be delivered to the plant on a 24/ 7 basis to be converted to useful power. This is in addition to servicing the daily supply of waste generated by the city itself.

Over time, the land fill can be reduced and the land restored to its original state and possibly sold or developed.

The technology is very environmentally friendly? The Westinghouse waste to energy plant produces almost no harmful by-products at all. It is the cleanest possible technology.