Aug 16 (Reuters) - Integrated Green Energy Solutions Ltd IGE.AX :
* IGES EXECUTED TERM SHEET WITH ENVIROTECH WASTE RECYCLING INC IN PHILIPPINES
* UNDER TERMS OF AGREEMENT, EWRI WILL HAVE 10% EQUITY STAKE IN PHILIPPINES PROJECT
* IN INDONESIA, CO HAS EXECUTED TERM SHEET WITH PT HASYA JAYA, UNDER WHICH PTHJ WILL BE PROVIDING 200 TPD IN FEEDSTOCK
* IGES WILL ESTABLISH ENTITY IN INDONESIA, AND WILL TAKE 90% EQUITY POSITION
* IN ADDITION PTHJ WILL BE RESPONSIBLE FOR ACHIEVING ENVIRONMENTAL PERMITS FOR SITE IN INDONESIA
* AS WITH PHILIPPINES OPPORTUNITY, CO FORECASTS INDONESIA PLANT CAN GENERATE SUBSTANTIAL PROFITS FOR SHAREHOLDERS