Cavico Awarded $6 Million Construction Contract for Song Bung 2 Hydropower Plant

Cavico Corp. (Nasdaq:CAVO) ("Cavico" or the "Company"), a major infrastructure construction, infrastructure investment, and natural resources conglomerate based in Vietnam, today announced that its subsidiary, Cavico Bridge and Tunnel, has signed a construction contract with Electricity of Vietnam ("EVN"), a state-owned electricity company, for the Song Bung 2 Hydropower project.

The contract is valued at $6 million and includes cost escalation clauses that may increase the revenues associated with the project. Under the terms of the contract, Cavico will be responsible for the construction of three tunnels, a surge tank, and a power house. Cavico expects to complete construction by 2014.

Read more: Cavico Corp ( CAVO )

CALGARY, ALBERTA - December 9, 2010 (Investorideas.com Water Stocks Newswire) - Wescorp Energy Inc. (OTC.BB:WSCE), a clean water technology company focused on implementing its cost-effective solutions into several markets, including the oil & gas and marine industries, announced today that the 10,000 barrel per day (bpd) H2Omaxx fluid treatment unit will be rotated through several potential customer sites in the Western Canadian oil fields, beginning in January, 2011.

"The customer interest in the H2Omaxx unit has taken off. Since the summer/fall 2,000 bpd testing and demonstrations, Wescorp has been invited to a range of customers' internal technical discussions, customer site evaluations, and to submit proposals for selling or leasing the H2Omaxx technology," stated Robert G. Power, Executive Chair of Wescorp. "The final step is evaluating the economics of the technology on each site, with the specific fluids that the customer is managing."

Read more: Water Stocks News; Wescorp's (OTCBB:WSCE) New 10,000 bpd H2Omaxx Unit Entering Field Operations

CALGARY, ALBERTA - November 30, 2010 (Investorideas.com Water Stocks Newswire) - Wescorp Energy Inc. (OTC.BB:WSCE), a clean water technology company focused on implementing its low-cost solutions into several markets, with its initial focus on the oil & gas and marine industries, announced today that K-Line has completed substantial construction of Wescorp's 10,000 barrel-per-day H2Omaxx mobile hydrocarbon water remediation unit. K-Line has begun its internal testing of the H2Omaxx unit's components and systems. Once this component testing is complete, K-Line and Wescorp will jointly commission the unit in preparation for deployment in early January 2011.

Wescorp has contacted a number of potential clients and expects to announce by December 15th the initial demonstration placement site for the 10,000 bpd unit in order to demonstrate its commercial capability.

Read more: Water Stocks News; Wescorp (OTCBB:WSCE) Announces 10,000 bpd H2Omaxx Unit Completion

CALGARY, ALBERTA - November 24, 2010 (Investorideas.com Water Stocks Newswire) - Wescorp Energy Inc. (OTC.BB:WSCE), a clean water technology company focused on implementing its low-cost solutions into several markets, including the oil & gas and marine industries, announced today that it has completed the conversion of approximately $2.3 million of debt into common stock and warrants, with one share of common stock and one warrant to be issued for conversion of each $0.20 of debt, for a total of approximately 11.6 million shares and 11.6 million warrants. Each warrant is exercisable at $0.50 per share during years one and two, at $0.75 per share during year three, at $1.00 per share during year four, and at $1.25 per share during year five. The warrants expire after year five. The shares issued and the shares underlying the warrants are restricted shares that cannot be sold or otherwise transferred in the absence of a registration statement or other exemption under the U.S. Securities Act of 1933.

Read more: Water Stocks News; Wescorp (OTCBB:WSCE) Converts $2.3 Million Of Debt To Equity

Ocean Power Technologies Project Wins A $66.5m Award from Australian Federal Government

Ocean Power Technologies (Australasia) Pty Ltd (“OPTA”), a subsidiary of Ocean Power Technologies, Inc. (NASDAQ: OPTT)(LSE: OPT.L) (“OPT”) is pleased to announce that, in partnership with Leighton Contractors Pty Ltd (“Leighton”), it has received a A$66.46 million grant from the Federal Government of Australia to build a 19 MW wave power project off the coast of Victoria, Australia.

The award is one of four renewable energy projects approved by the Federal Government after considering over 30 applications, and is the sole wave energy venture.

Read more: Ocean Power Technologies ( OPTT )