WorldWater Corp. Signs New Contract to Provide Solar Systems to 1,200 Homes In the Philippines

06.12.2000

PENNINGTON, N.J., Dec. 5 /PRNewswire/ -- WorldWater Corp.

(OTC Bulletin Board: WWAT), a full-service water management and solar

engineering company specializing in solar pumps and solar electrical systems

to provide clean water and electricity to users in developing countries around

the world, announced today that it had signed an agreement with Cebu Electric

Cooperative (CEBECO), a major electric utility in the Province of Cebu, the

Philippines, for the installation of 1,200 solar home electrification systems.

Initial phase of the project is valued at $600,000, with a total Cebu program

estimated at $40 million, according to Company officials.

Guido Delgado, Chairman of WorldWater Philippines and former President of

the National Power Corporation of the Philippines, declared that, "This

project is the first segment of a full Energy Services Company (ESCO) joint

venture which we expect to form with CEBECO."

Dr. Anand Rangarajan, Executive Vice President of WorldWater Corp. and

President of WorldWater Philippines, said that 75,000 homes remain

unelectrified within CEBECO territory. The objective of this project is to

bring 100% coverage within CEBECO territory, an estimated program of

$40 million, he said.

WorldWater Corp. Chairman and Chief Executive Officer Quentin T. Kelly

said that "Under terms of the agreement with Cebu Electric Cooperative Inc.,

the Company is partnering with the National Renewable Energy Laboratories

(NREL) of the US Department of Energy (USDOE), which has entered into a

three-way memorandum of understanding with WorldWater Corporation and CEBECO.

The systems will include solar panels, lamps, batteries, control units and

wiring for each installation and the project will include community capacity

building and cost recovery."

Francisco Silva, President of CEBECO, said "This project will serve as a

model not only for CEBECO but also for the whole nation of about

7,000 islands, where 50% of all unelectrified homes are expected to use solar

energy and other renewable energy technologies. We at CEBECO look forward to

working with WorldWater and NREL of the US Department of Energy."

WorldWater Corp. is extensively involved in water and solar electricity

projects in the Philippines. This project is in addition to a Province-wide

project valued at $20 million to bring drinking water to 100,000 people in

150 villages in the Province of Cebu, Mr. Kelly said. WorldWater earlier

signed with the Province of Sulu to supply water to all of the islands in that

southernmost province. Province officials estimate the full value of that

contract at $30 million over three years.

"Cebu Electric Cooperative holds the electric distribution utility

franchise in the southern part of the province and plans to use solar power

technologies to provide electricity for lighting and other purposes to

communities in its coverage area," Mr. Kelly said. "Selecting our Company as

contractor for this major project shows Cebu Electric's confidence in

WorldWater Corp.'s ability to assist CEBECO in technical expertise in the

field of solar energy, project financing and commitment to social capacity

building."

WorldWater Corp. (http://www.worldwater.com) is a full-service water

management and solar engineering company specializing in solving water

problems through use of its proprietary solar energy. The Company produces

and distributes the proprietary AquaSafe(TM) and AquaMax 2200(TM) solar water

pumps, capable of delivering water in volumes from 5 gallons to more than 2000

gallons per minute.

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