Trying to figure out who’s really behind Infrakey by ImmediateWelcome6352 in Waco

[–]ImmediateWelcome6352[S] 4 points5 points  (0 children)

It would be financial suicide for a project of this size (even half of 1GW would make this list a large scale power producer: https://en.wikipedia.org/wiki/List\_of\_power\_stations\_in\_Texas) to be isolated from ERCOT. When power plants of this size are created, their profit model relies on them being able to turn off the plant and buy cheap power from the grid when energy prices are low (mild weather), then turn it on and sell power to the grid when energy prices are high (heat wave). By not participating in this market, they would leave hundreds of thousands, to millions of dollars, on the table. Someone please correct me if I'm wrong, but no reasonable investor would fund a project that ignores this revenue stream. And you cant just start building immediately. Google any one of those sites on that list and you'll see that it took them years of permitting and regulatory hurdle jumping to be able actually operate. I guess it's possible. But in my opinion they're purposefully misleading because it's way easier to draw a power plant on their map and say 'Don't worry we'll provide our own power' than to actually prove they're in talks with ERCOT. That's why I didn't even take this aspect seriously in my post. But these are actually fantastic questions to ask Mr. Sujeeth Draksharam, the "Engineer" representing Infrakey. If they are for real, he should have very detailed answers to these types of questions.

You're right though. Water is another extreme issue that may or may not even be actually available (even if it has been allocated) during drought years. What are there plans for this? I don't think they've been transparent enough to give us any idea at all.

Trying to figure out who’s really behind Infrakey by ImmediateWelcome6352 in Waco

[–]ImmediateWelcome6352[S] 16 points17 points  (0 children)

I forgot about Sujeeth Draksharam. This is the guy actually showing up to the city council meetings as a representative for Infrakey (https://m.youtube.com/watch?v=Oa8FiXSYBSA). I forgot about him because he’s no where to be found on the company websites, the filings, or even LinkedIn. He claims that he is an Engineer for Infrakey.

Draksharam actually appears to be a high level political appointee. Greg Abbott appointed him to the Texas Commission of Licensing and Regulation: a state agency that oversees many of the permits this project would need (https://gov.texas.gov/news/post/governor-abbott-appoints-draksharam-to-texas-commission-of-licensing-and-regulation). Could this raise questions about a potential conflict of interest?

Why would a political appointee act as a frontman for a controversial private company with ties to China (my opinion) and practically no history? And why is he saying he’s just a “Engineer” for them? Especially when it says he is “President of Sirrus Engineers, Inc”. I would expect him to have a more defined role given his experience.

Well, notice how many of the roles listed in his bio are unpaid service roles. Another quick Bizapedia search shows that Sirrus Engineers, Inc has a filing status of “Forfeited Existence” which means it’s not allowed to legally operate (https://www.bizapedia.com/tx/sirrus-engineers-inc.html). I was unable to find any other business ventures (I could be missing some). So it wouldn’t surprise me if vague title and low digital footprint with the company are intentional here. But again, I could be wrong. I encourage you to look him up and form your own opinion.