The government has unveiled plan to keep the lights on until the City of Mount Vema tidal power plant project is completed. The news comes after rumours that vonMelyn the energy provider licensed to keep the lights on in the territory asked for an extension to the deadline.
In a statement issued today, the government confirmed the rumours and said that it is working to build a society free from blackouts, and that electricity generators will be ordered this year to keep the lights on until the Tidal Power Plant is ready.
The City of Mount Vema tidal power plant project is expected to be completed before 2020. Construction of some parts and components of the Plant proposed by vonMelyn – the utility company of Mount Vema has started in December 2018 and will be completed just before 2020, but the assembling of the actual Plant depends on the other parts of the overall project including foundation infrastructures.
The Power Plant Project is designed to become a reliable source of electricity for the entire City of Mount Vema, and according to the company's plans, the output of the City of Mount Vema Power Plant network which will operate 24 hours a day will exceed 3200 MW with a power capacity the equivalent of just over 1 million homes. More than the capacity the territory will need to keep the lights on 24/7, with any excess energy to be stored for later.
Seven years from now, you will need to invest more than $1 million USD (about 500,000 golles) to entitle you to residency and full Mount Vema citizenship. That is more than what you need now, as a property investment, bond investment or deposit that sum in a Mount Vema bank account can get you started.
But why are so many people applying to take advantage of this? The answer is passports. According to an independent research published by economists at the Gollexi (Mount Vema Stock Exchange), the Mount Vema passport is expected to become one of the strongest passports in the world.
Mount Vema passport holders are expected to be able to travel to more than 160 countries by 2025 without the need for pre-visa requirements. The results published by the Gollexi is no surprise. It has always been expected by His Mount Vema Majesty’s Government due to the estimated strength of the Mount Vema economy by 2025 as its citizens are expected to be the most active seeking global investment opportunities and tourism.