Thememorandum with the unnamed developer targets commercialisation of the solar updraft towers through the acquisition of exclusive regional development rights in the MiddleEast, with a $1.5m lead-off heads of agreement (HoA) to be inked by March.
EnviroMissionwill also receive a one-off fee, an annual technology fee for each solar towerpower station, and equity and board representation on a special-purposedevelopment company capitalised under the HoA.
“Thispartnership
