The Intergovernmental agency, according to the LOI, will help create a public private partnership with Cleantech to develop, implement and operate almost 47 biomass power plants in various member states based on their power needs.

Cleantech Transit president and CEO Kenneth Bosket said, "The proposed PPP by the Intergovernmental agency is an extremely positive development for our Company, giving us the potential to expand our portfolio of biomass projects rapidly and help move the company toward higher revenue numbers."

The biomass plants to be developed will be of minimum 1MW in size.

The intergovernmental organizations’ ability can help implement biomass as a source of energy in more than one area simultaneously.

US-based Cleantech Transit creates opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the alternative clean energy sector.