Clenergen Corporation

Clenergen Corporation

March 24, 2011 03:48 ET

Clenergen Sees Huge Benefits From the Indian Government's Announcement to Target 10,000MW of Biomass Power Generation by 2020

CHENNAI, INDIA--(Marketwire - March 24, 2011) - Clenergen Corporation (OTCQB:CRGE)(FRANKFURT:9CE) -

The Union Ministry for New and Renewable Energy announced a target of creating 10,000MW of biomass power generation over the next 10 years. The government has agreed to establish a biomass power policy to chart out a roadmap for supporting biomass generated power within the next 3 months.

Clenergen has spent the last two years working with the Government to demonstrate the economic and regional benefits for the direct cultivation of feedstock, in order to guarantee a cost effective supply of biomass to small biomass power plants, located in close proximity to the plantations. The business model was accepted as a tangible way to reduce the country's power shortages, whilst providing social economic benefits to the rural areas of India.

The tree and bamboo species which Clenergen has invested over 5 years of research and development have now been identified as being suitable as dedicated energy crops for degraded lands. The government has acknowledged that biomass power plants can provide five times the output of electricity when compared to solar power plants.

Commenting on the announcement, Mark Quinn, Executive Chairman of Clenergen said "The decision by the Union government to support rural electrification projects supported by designated energy crops is a major decision that has been taken. The establishment of a government policy for biomass and utilization of government owned degraded land will allow Clenergen to compete with wind and solar power, as a viable and profitable alternative source of renewable energy on a large scale. This will have a major impact on our business in India".

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:

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