Kalistan

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Kalistan welcomes Utaristan to Green Terrra Initiative
"Grant aims to help Dovani nation become leader in Green Energy Production," says Initiative Spokeswoman
Kaliburg, Grand Duchy of Ananto
September 8, 5722


The Green Terra Initiative will be assisting Utaristan take lead in Green Energy Production in Dovani

The Green Terra Initiative has formally approved a major grant to the Government of Utaristan, in Dovani. The plan involves the Dovani state creating a steady supply of rare-earth metals to Kalistan, which will be converted to renewable, ecologically sustainable energy generation equipment like photovoltaics, wind and hydroelectric turbines to be reimported to Utaristan and then assembled with technical assistance from Kalistan experts in the field. The program, called the Utaristan Renewable Energy Sector Development Plan, will be funded at 49.9% by Green Terra, and the other 50.1% will come from a mix of funds from Utaristan's Energy Institute and from the Utaristani Government.

"This is precisely the sort of program Green Terra was organized to fund," said GTI Spokeswoman Jill Johnson in Kaliburg this week. "We understand that there are some difference in political ideology here, but global climate destruction by the Petroleum producers does not discriminate based on ideology, and neither should the response. Helping Utaristan provide positive alternatives to toxic, polluting petroleum usage is not only in the interest of GTI and Utaristan, but the entire world, and this grant shows that we will work with anyone who is making a serious effort to move away from petroleum, and create sustainable, long term and ecologically friendly alternatives to oil."

Part of the grant involves credits paid for by GTI funds to Kalistani companies to convert the raw ores into useable alloys for generators. "There is a value added situation here, where some amount of REMs does not easily translate to a per turbine cost. It's not a one to one trade, so in order to prevent Utaristan from creating a trade deficit, the grant intends to cover the difference between the value of the imported metals and the exported generators. This is where a majority of the GTI funds will go, while Utaristani funds will cover the transaction costs on their side. This way it all balances out." Kalistani money will also go to cover the technical assistance offered to the Utaristani Government. "Of course KPO engineers will be joined by Kalistani industry experts for the installation and training on operation in Utaristani, without cost to Utaristan, as part of the grant."

Kalistan is currently the world's leader in sustainable renewable energy. And it is the hope of GTI that Utaristan take the lead in Dovani. "Utaristan can be an important example to surrounding nations, some of whom may not be paying much attention to the successes we have long celebrated in Kalistan. For those seeking to make a similar change, it is our hope that Utaristan also takes up the role of THE green energy hub of Dovani, taking what they have obtained from Kalistan and then translating it to a Dovani Market. Nothing could be better for Terra more than to seeing green, sustainable and most importantly clean and renewable energy become the norm in Dovani." The current grant contains more than a hundred million Imperial Pesos for education not only about how to maintain a sustainable energy grid but more importantly, how to expand it. "GTI would love to see the final project of this grant be the construction of a factory where Utaristan can put its own REMs to work to create its own turbines and photovoltaics and become self sufficient in this sector, but also to begin exporting this technology to their neighbors, to similarly free them of the curse of petroleum as well."

Johnson said that KPO also plans to scout out areas for potential hydroelectric projects to make a formal proposal to the Utaristani Government. "KPO operates eight separate high dam projects across Kalistan and Ananto, which provide not only clean energy for tens of millions in Kalistan, but also amazing national recreational and tourist opportunities. Dam building is something we know how to do, and a way that Utaristan can signal to the world that they are serious about significantly reducing demand and reliance on fossil fuels." Johnson said she has no idea whether Utaristan will want to work on programs for hydroelectric energy production.

"We welcome the People of Utaristan as partners in this never ending fight for a cleaner environment," said Johnson finally. "In joining us and winning this Grant, the People and their representatives in the State are taking a major affirmative step forward for a clean and healthy environment for themselves and future generations. We find this struggle worthy of partnering in, and we stand ready to assist the People of Utaristan in whatever way we may as they move to the next step in creating sustainable and clean energy for their nation and for the Continent."

The news created major movement in the KalSiE, as oil futures traded sharply down, and futures for petroleum based products went sharply up. Analysts believe the divergence suggests that over the long term, a lower oil price will drive some oil producers to limit production of expensive crude by undermining profitability, and will therefore reduce the supply to secondary producers of refined oil products. The GTI offered no comment on this trend in the Kalistani markets. The price balance had not been restored by the end of the day, as Kalistani investors began slowly selling off their oil contracts.

@TheRepublic