Clenergen to Commence Generation of Electricity at the 27MW/h Cogeneration Power Plant in India
07 Mars 2011 - 8:00AM
Marketwired
Clenergen Corporation (OTCQB: CRGE)(FRANKFURT: 9CE) announced today
that it has commenced generation of electricity at the 27MW/h
cogeneration power plant, located adjacent to its 18MW/h biomass
power plant in Kancheepuram, Tamilnadu. Total revenues from power
generation at the cogeneration power plant on an annual basis are
expected to exceed US$ 20 million.
Clenergen India Private Limited, a wholly owned subsidiary of
Clenergen Corporation, has arranged the sale of power exported from
the 27MW plant to blue chip corporate clients at premium rates in
return for round the clock supplies of electricity. Initially, the
production of 15MW of power every hour will be sustained until the
plant refurbishment is completed later this year, after which the
plant is expected to operate at a full capacity.
Commenting on this development, Tim Bowen, Chief Executive
Officer of Clenergen Corporation, said "the additional operating
revenues generated from the power plant will allow the company to
scale up its technical, sales and engineering management teams, as
we prepare for several new biomass power plants under contract and
scheduled to be operational in 2011."
About Clenergen Corporation
Clenergen Corporation is a publicly-traded company with its
common stock quoted in the USA on the OTCQB Market (Symbol: CRGE)
and in Germany on the First Quotation Board, Open Market of the
Frankfurt Stock Exchange (Symbol: 9CE) Clenergen offers strategic
clean energy generation and supply of biomass feedstock to address
the requirement for renewable and sustainable supplies of
electricity. Clenergen has developed a unique modular system for
gasification and localized plantation management. Clenergen also
plans to provide biomass feedstock for producing wood pellets for
co firing with coal to produce low emission electricity.
Clenergen Corporation uses biomass feedstock to implement
sustainable supplies of clean energy for captive end users,
islands, mining companies, government or privately-owned power grid
systems and other end users. The "Distributed Environmental Power
System" marries significant proprietary advancements in plant
science with proven long standing engineering technologies to
achieve this goal. For further information on Clenergen Corporation
and its products and services, go to: www.clenergen.com.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 (the
"Securities Act") and Section 21E of the Securities Exchange Act of
1934 (the "Exchange Act"). To the extent that any statements made
in this press release contain information that is not historical,
these statements are essentially forward-looking. Forward-looking
statements can be identified by the use of words such as "expect,"
"plan," "will," "may," "anticipate," "believe," "should," "intend,"
"estimate," and variations of such words. Forward-looking
statements are subject to risks and uncertainties that cannot be
predicted or quantified and, consequently, actual results may
differ materially from those expressed or implied by such
forward-looking statements. Such risks and uncertainties include,
without limitation, those risks and uncertainties contained in this
press release and those identified in the periodic reports that the
company files with the Securities and Exchange Commission (the
"SEC") pursuant to the Exchange Act.
Contacts: Clenergen Corporation James Wood 0044 (0)207 739 0028
jwood@clenergen.com www.clenergen.com
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