Clenergen Corporation
OTC Bulletin Board : CRGE

Clenergen Corporation

April 08, 2010 09:36 ET

Clenergen Corporation (OTCBB:CRGE) Signs Strategic Alliance With South African Renewable Energy Company

NEW YORK, NEW YORK--(Marketwire - April 8, 2010) - Clenergen Corporation today announced that it has signed a strategic alliance with Energy Technologies Pty Ltd to form a new company, Clenergen Southern Africa (Pty) Limited, for the specific purpose of developing distributed environmental power systems (DEPS) and the cultivation of energy crops in Southern Africa. The new company will be focused on:

  • supplying wood chips for regionalized installations of gasification biomass power plants;
  • supplying a turnkey solution for major mining companies in order to secure a sustainable source of energy and control over their energy costs;
  • Supplying pellets for co-fired coal power plants; and
  • Exportation of wood chips and pellets for distribution within Southern Africa and export to the Middle East and Indian Sub Continent.

Energy Technologies Pty Ltd (ETPL) are project developers with over 15 years experience in the cultivation of feedstock's for renewable energy and have a close working relationship with the South African Government, Eskom and major mining companies located in South Africa and Zambia. ETPL have a depth of experience of Gasification Technology and Thermal Equipment suppliers located in South Africa. In 2008, EPTL conducted eight months of independent trials of various biomass feedstocks's using a 4MW gasification power plant located near Johannesburg, South Africa. The company has secured favorable financing arrangements with with a major gas turbine engine supplier and certain exclusivity agreements with Bioferm GmbH, Germany ( manufacturers of biogas plants that use a patented dry fermentation biomass process. The company's process engineering and agronomy experience and business relationships provide an ideal partner of Clenergen both in South Africa and other regions in Africa and SE Asia.

Commenting on the new alliance Mark Quinn, CEO of Clenergen said "The requirements for sustainable sources of energy in Southern Africa have reached a critical level, especially among the major mining companies and regionally across South Africa. On average, the large mining operations consume in excess of 30MWe of electricity and are under pressure to control energy costs and secure new sources for supplying sustainable energy. The acceptance of Independent Power Producers now offers a profitable marketplace for the cultivation of biomass for power generation. We believe that the natural climatic environments of Southern and Eastern Africa offers a cost effective supply base for mass production of energy crops for localized power generation, export to both biomass power and co-fired coal power plants."

David Sonnenberg, Managing Director of Energy Technologies and a Non Executive director of Clenergen, said "Our partnership with Clenergen allows for the commercialization of our expertise in the field of gasification technology, process engineering and cultivation and agronomy and lays the foundation for the production and supply of high yielding energy crops to supply inputs for both new construction and existing biomass and co-fired power plants. Our commercial relationships with technology and equipment suppliers offer Clenergen diversification and cost effective financing for new equipment."

About Clenergen Corporation

Clenergen Corporation is a publicly listed company on the OTC stock market (symbol CRGE). Clenergen offers strategic Clean Energy Generation projects to address the requirement for renewable and sustainable supplies of electricity. Clenergen has developed a unique modular system of co-gasification and localized plantation management.

Using proprietary and mixed biomass feedstock to implement sustainable supplies of clean energy to regional, independent clients and national grids. The "Distributed Environmental Power System" marries significant proprietary advancements in plant science with proven long standing engineering technologies to achieve this goal.

Notice Regarding Forward-Looking Statements

This press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to our ability to cultivate fast growing species of trees and bamboo on a large scale and to establish our company as one of the leading biomass energy generating companies globally.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with clean technologies; changes in the operating costs and changes in economic conditions and conditions in clean technologies. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current and periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Clenergen Corporation
    Jessica Hatfield
    Communications Director
    0044 (0)207 739 0028
    0044 (0)207 657 3275 (FAX)