Clenergen Positioned to Experience Rapid Growth in the Emerging Markets as a Result of Increased Demand for Electricity from the
27 Abril 2011 - 9:09AM
Marketwired
Clenergen Corporation (OTCQB: CRGE)(FRANKFURT: 9CE) is seeing an
increased demand for electricity in India, Africa, and the
Philippines, which has resulted in a surge of business
opportunities for its operations. The acute shortage of electricity
during both off peak and peak times is resulting in companies and
municipalities turning to alternative energy sources and
independent power producers to supply electricity.
In the Philippines, the urban centers rural communities rely on
diesel generated electricity and are experiencing shortages in
diesel supply and higher electricity costs. Clenergen is intending
to install its first 2MW gasification power plant on Romblon Island
later this year where the government has already requested a
further 2MW to be installed.
In Ghana, the large mining companies are being forced to operate
for up to 12 hours on back up diesel generators at a cost of 32
cents per liter. Ghana Manganese Mining Company who have signed a
Memorandum of Understanding for a turnkey 2MW gasification power
plant from Clenergen, anticipate their demand will increase three
fold over the next 2 years, as their mining operations expand their
productions. Currently Clenergen Ghana is in negotiations with 3
other large mining companies who require both energy security and
control over energy cost.
India is seeing the largest increase in demand, as large
manufacturers and retailers are moving towards direct Power Supply
Agreements, resulting in electricity prices reaching 15 cents per
KW/h during peak times. Clenergen India has entered into a number
of supply agreements including Tata coffee, Coca Cola and Titanium
Watches.
Commenting on these recent developments, Mark Quinn, Executive
Chairman of Clenergen, said "The growth potential in the emerging
markets provides Clenergen a key competitive advantage through the
direct cultivation of energy crops to supply biomass for power
generation. These key markets are climatically suited for the
cultivation of our propriety bamboo which by the fourth year will
start yielding over 40 tons per acre and annually thereafter for 50
years at a cost lower than the current price of coal, solar and
wind suppliers."
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 investor@clenergen.com
www.clenergen.com
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