Clenergen Corporation

Clenergen Corporation

March 07, 2011 02:01 ET

Clenergen to Commence Generation of Electricity at the 27MW/h Cogeneration Power Plant in India

CHENNAI, INDIA--(Marketwire - March 7, 2011) - 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:

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.

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