(OTCQB: ONYX) On Monday, Onyx Service & Solutions’ President Malcolm Burleson completed a full presentation of the Project Due Diligence Report that had been requested by Roatan Mayor Julio Galindo back on September 21st during ONYX’s original meeting with the Roatan, Honduras leadership. At the September 21 st meeting, ONYX presented initial phase details of constructing a new 18.5 megawatt solar power project on Roatan Island to the Mayor of Roatan, the Governor of Roatan and quorum of Council members. Since the original meeting, the project was increased to 22 megawatts. This Monday’s presentation was made in the Roatan Municipal Government Chambers to Mayor Julio Galindo, with Council members, local business leaders and members of the press in attendance.
Burleson had formally agreed to the Mayor’s stipulation to conduct the research and produce the report in the original September 21 st project meeting as part of maintaining continued support for the project. The Project Due Diligence Report was commissioned and paid for by Onyx Service & Solutions. Project Engineer Rick Coens oversaw the research and production of the report.
“The direction to perform the detailed research and produce the due diligence report ahead of the engineering stage was an invaluable piece of wisdom,” stated Burleson. “This effort has unquestionably given us answers that should produce sizeable cost savings and help us avoid several technical headaches by addressing important project issues now rather than later.”
Details of the new solar project can be seen at http://www.solar-stock.com/solar-diesel-reduction.htmlONYX management has focused their efforts on developing solar power projects in nations that use costly diesel produced electricity. Roatan currently relies 100% on diesel produced electricity as does much of Latin America and many nations in the Caribbean. The island of Roatan is a renowned tourist destination and a substantial source of revenues for Honduras. Roatan has a significant American population and Company management strongly believes Roatan to be a perfect location for their new solar project. The July 2011 issue of "Islands Magazine" rated Roatan the #1 island to retire on in the world.
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