ceto emigrating, page-18

And to add to the above post:

The Large demonstration had the following back of the envelope figures:

Investec: $250M
Grant: $50-100M
Size: 50MW

People (and presumably Investec) were quite prepared to accept $50M from the govt and fund the JV to the tune of $250M. Again this works out at $5M per MW

I suspect CWE will use Investec funds to complete the Gardner Island project:
- Investec gets their pipeline with a smaller commitment
- CWE gets at least a (small scale) commercial demonstration plant under its belt by 2011
- share holders need not be diluted under a JV arrangement

I think they should persue the Gardner Island project under the above arrangement. Its important to demonstrate the technology ASAP. A working technology that is fully costed is what companies want before they invest in the big projects.