SOURCE: World Health Energy Holdings, Inc.

December 08, 2011 14:15 ET

World Health Energy Holdings, Inc. Announces LOI to Acquire Rights to South Africa Including a J.V. Facility to Provide a 46 MW Power Plant and to Scale up to Over 1 Million Barrels of Biodiesel per Year

NEW YORK, NY--(Marketwire - Dec 8, 2011) - World Health Energy Holdings, Inc. (OTCQB: WHEN) (PINKSHEETS: WHEN), a public holding company developing joint venture partnerships for algae production for biodiesel and commercial fish food, announced today an LOI to acquire Rights to South Africa including a facility to provide a 46 MW power plant and to scale up to over 1,000,000 barrels of Biodiesel per year, a current market value of over 100 million USD.

The facility will be a Joint venture majority funded by the South Africa government through SA DOE (www.energy.gov.za) in particular by the South Africa department of renewable energy http://www.energy.gov.za/files/renewables_frame.html.

The South Africa White Paper on Renewable Energy (2003) [PDF, 2.28MB] has set a target of 10,000GWh of energy to be produced from renewable energy sources (mainly from biomass, wind, solar and small-scale hydro) by 2013.

Following Cabinet approval of the White Paper, the DME proceeded with the development of its renewable energy strategy. The implementation plan of the various technologies was identified in a macroeconomic study undertaken in 2003.

The White Paper's target of 10,000GWh renewable energy contribution to final energy consumption by 2013 was confirmed to be economically viable with subsidies and carbon financing.

Annual energy production in South Africa: 250,000 GWh
Annual energy consumption in South Africa: 236,000 GWh ~ 10.5M$
Source: http://www.eskom.co.za/c/article/584/key-facts/

Annual oil consumption in SA: 5,884 Kt
Source: http://data.worldbank.org/country/south-africa

World Health Energy Holdings, Inc. recently acquired GNE-India, an algae technology company with the distribution and licensing rights to a unique and innovative system to grow algae quickly and efficiently for energy and food protein. GNE-India owns and retains the territorial rights for distribution and sales of the proprietary technology to both India and Sri Lanka.

World Health Energy Holdings has exclusive distribution and licensing rights to the GNE GB 3000 system in India and Croatia.

Liran Kosman, CFO of World Health Energy Holdings, said, "We plan on expanding WHEN territories and Joint Venture agreements to enforce our position in the Algae and Green energy sectors." Kosman added, "We look forward to finalizing the joint venture partnerships currently in negotiations for the building of commercial algae farms for the production of biodiesel and, in the case of Spirulina production, highly nutritional and economical commercial fish food."

World Health Energy Holdings, Inc. is focused on biofuels produced from algae, which boasts substantially higher yields in comparison to ethanol derived from corn, rapeseed, jatropha and palm oil. The company also works with visionary enterprises in the multi-billion dollar renewable energy arena producing progressive, broad-based solutions for better physical, nutritional and environmental health worldwide. In addition, the company is pursuing an ancillary use of algae -- the efficient production of high-protein fish feed for commercial fish farms.

Shareholders and interested investors who would like to be added to WHEN's corporate e-mail list are encouraged to send an e-mail to info@worldhealthenergy.com for all future corporate press releases and industry updates.

About World Health Energy Holdings, Inc.

World Health Energy Holdings, Inc. is an emerging renewable energy and biofuel company. The company will produce, sub-license and market high-quality, low cost B100 Biodiesel to replace traditional fossil fuels with proprietary algae biofuel systems. Corporate website: http://www.worldhealthenergy.com

About GNE-India, Inc. www.gne.bz

GNE Global Natural Energy Ltd. is an algae tech company with unique systems to grow algae commercially for energy and food. The Company was founded by top experts in the plant and algae field after several years of research and development to create affordable and viable algae biofuel systems.

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Contact Information

  • Contact:
    World Health Energy Holdings, Inc.
    Investor Relations
    212-444-1019