Global PoleTrusion Group Corp. announced a new biomass-based energy generation project in Chiriquí, Panama. With an initial capacity of 5 MW, the power plant will use palm oil extraction residues (biomass) to generate electricity. Los Santos Energy Corp., a Panamanian company that is 80% owned by GPGC, has signed a letter of intent with Renewable Energy Holdings Corp., a company that develops, builds and operates solar plants for Panama's national energy network. Los Santos Energy Corp. will build the biomass power plant to provide Renewable Energy Holdings Corp.