PowerHouse Energy Group Plc (AIM: PHE), the company focused on ultra high
temperature gasification waste to energy systems, and the creation of
Distributed Modular Gasification© ("DMG"), are delighted to announce the
appointment of Roudi Baroudi to its recently established Advisory Panel.
Roudi is a global energy expert with over 37 years experience of international
public and private companies across oil & gas, petrochemicals, power,
energy-sector reform, energy security, carbon trading mechanisms and
infrastructure. In addition, he is currently a member of the United Nations
Economic Commission for Europe's Group of Experts of Gas - this is a body
established to facilitate dialogue on promoting safe, clean and sustainable
solutions for natural gas production.
With a wealth of international experience he has worked on project and program
development with the World Bank, the IMF, the European Commission USAID and the
Arab Fund for Economic and Social Development. Mr Baroudi is a regular lecturer
on global energy affairs and is also the author and co-author of a number of
books, article studies and research reports on political, economic and climate
change as well as other energy associated matters.
It should be noted that none of the Advisory Panelists are Directors of the
Company, and while management, and the Board, will seek their counsel on
particular matters pertaining to their individual expertise, the governance and
decision making authority for the Company rests solely with the Board of
Directors.
Keith Allaun, Executive Chairman of PowerHouse, said: "I believe it is a very
strong validation of PowerHouse's potential that we are able to attract someone
of the calibre of Roudi to assist the Company.
"The tremendous advantages afforded the Company by such an experienced Advisory
Panel cannot be overstated and we are very pleased to welcome Roudi to the
team. The members of this panel, investing their time and commitment to our
success, will help the Company achieve its commercial goals in segments of the
market, and geographies, in which we are well suited to operate.
"I am honoured that each of these industry luminaries has agreed to serve our
objective of ubiquitous DMG. With their assistance, we believe PowerHouse and
DMG have a very bright future."
Further information on Roudi Baroudi
Roudi Baroudi has more than 37 years of international public- and
private-sector experience in the fields of oil and gas, petrochemicals, power,
energy-sector reform, energy security, environment, carbon-trading mechanisms,
privatization and infrastructure.
Mr. Baroudi's transactional practice began when he joined an energy firm in
Pittsburgh, Pennsylvania, U.S.A., in 1978. His practice relates principally to
the energy, high technology, renewable and green electricity, and life sciences
sectors of the economy, and involves contract and legal negotiations and
investment vehicles, business combinations, divestitures and operations, as
well as various forms of corporate and government finance.
His international experience includes project and program development with the
World Bank, the IMF, the European Commission, state-to-state protocols, USAID,
the Arab Fund for Economic and Social Development, and Italian Bilateral
Protocols, as well as multilateral agency financing in the United States, the
Middle East, Central Asia, Japan and Europe, many of which have involved
negotiations between and among private and publicly owned concerns and national
governments or state enterprises.
Mr. Baroudi has helped to formulate energy and environment policies in the Euro
Mediterranean and North Africa region and for the Middle East area. He
participated in the preparations of the Euro-Med Energy Free Trade Zone, and in
the Euro-Med Regional and Euro-Med Government negotiations. He also has had a
role in energy and transportation policies, advising both the European
Commission and its Mediterranean partners between the Barcelona and Trieste
Declarations of 1995-1996 and 2004. In addition, Mr. Baroudi was a founding
member of the Rome Euro-Mediterranean Energy Platform (REMEP).
In particular, his work and research on integration have focused on energy and
transportation networks and related projects, including natural gas and
electricity rings affecting both EU and non-EU member states bordering the
Mediterranean. His expertise is regularly sought by the United Nations Economic
Commission for Europe (UNECE), which invites him to participate in the expert
working party on topics such as gas savings, underground gas storage, and
sustainable energy development.
Mr. Baroudi has done extensive work in energy, security and economic
development, industrial programs which have help bring about energy and
economic advances related to private sector power development, electricity
market unbundling, gas market reform, political reform and deregulation. He
also has done extensive work on international oil and gas ventures, including
petroleum development and exploration, as well as government legislation.
Mr. Baroudi has held a variety of influential positions. In 1999, he was
elected secretary general of the World Energy Council - Lebanon Member
Committee, a position he held until January 2013. He is also a member of the
Association Française des Techniciens et Professionnels du Pétrole (French
Association of Petroleum Professionals and Technical Experts). Mr. Baroudi is a
former senior adviser to the Arab Electricity Regulatory Forum (AREF), a member
of the Energy Institute, (UK), and a member of the International Association
for Energy Economics (IAEE) in the U.S.A. Mr. Baroudi also serves on several
boards of directors of different companies and international joint ventures.
Mr. Baroudi is the author or co-author of numerous books, articles studies, and
research reports on political, economic, climate change and other matters
associated with energy. His insights on these and related issues are frequently
sought by local and international companies, governments, media and television
outlets. He is also a regular lecturer on global energy and transportation
affairs.
In addition to the foregoing, Mr. Baroudi is currently a member of the United
Nations Economic Commission for Europe's Group of Experts of Gas, a body
established to facilitate multi-stakeholder dialogue on promoting safe, clean,
and sustainable solutions for the production, distribution and consumption of
natural gas in the world's single-largest energy market.
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