New technology for Green Energy

K-Technology USA, Inc., reports to the Budget and Finance Committee on "new technology for producing renewable Green Energy" on April 1, 2014. (L-R) David Delmar, CEO John Ki Ll Kim and CFO Dr. Bernard Kuh. Photo by Marley Shebala

K-Technology USA, Inc., reports to the Budget and Finance Committee on “new technology for producing renewable Green Energy” on April 1, 2014. (L-R) David Delmar, CEO John Ki Ll Kim and CFO Dr. Bernard Kuh. Photo by Marley Shebala

HERE AT NAVAJO COUNCIL BUDGET AND FINANCE COMMITTEE MEETING.

The committee just finished hearing a report from the Navajo Nation Veterans Affairs Office on the status of a project┬áto construct 15 homes for veterans per agency. There are five agencies on the Navajo Reservation. The Committee’s vote was 3 in favor, 0 opposed on accepting the VA report.

The Committee is now hearing a report from K-Technology USA, Inc., on “new technology for producing renewable green energy.”

According to the presenters, K-Technology, this new technology for producing Green Energy is going through the patent process and so they will not be presenting all of the technolgy. K-Technology explained that if the Committee wanted more details on the technology that they would need to ask for an executive session.

B&F COMMITTEE CHAIRPERSON LORENZO BATES
$200 million investment and $10 million of $200 million, which would be $20 million, would be investment by Navajo Nation

K-TECHOLGOY USA, INC.
If you invest 50 percent, then that portion will return to Navajo Nation.

COMMITTEE VOTE ON ACCEPTING REPORT FROM K-TECHNOLOGY:
4 IN FAVOR, 0 OPPOSED

B&F COMMITTEE CHAIRPERSON BATES
Please forward this proposal to the Navajo Nation Investment Committee.

HEALTH, EDUCATION AND HUMAN SERVICES COMMITTEE CHAIRPERSON JONATHAN HALE
This type of technology needs to be taken seriously because of the drought issues occurring on the Navajo Reservation.

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