http://www.clenergen.com () —
Clenergen Corporation (OTCBB: CRGE) today announced that it has commenced generating electricity from its Anaerobic Digestion Biomass Power Plant located in Salem, Tamilnadu, India. The plant will be producing 1 MW/h from September 1st, 2010 increasing to 1.5 MW/h by October. The company has Power Purchase Agreements for the sale of peak and off-peak electricity, along with the sale of the bi-product (compost), which results in a monthly income of $150,000. The projected revenue figures do not include carbon credits which have a potential bottom line income of up to $400,000 per annum.
The biomass power plant uses chicken litter as a feedstock which is converted into methane gas through an anaerobic process and the methane gas is then used to power the plants GE Jenbacher turbine engines. The bi-product generated from the anaerobic process is compost. Clenergen intends to process the compost into liquid fertilizer in 2011, which will be used directly by the company on plantations where the company intends to grow biomass feedstock. Clenergen believes that the Salem plant will generate up to 26 tons (US) of fertilizer per day which could result in a savings of approximately $3 million of fertilization costs (equal to the fertilizer costs to support 3,750 acres of plantation land).
Clenergen intends to install an additional gas engine at the plant, since the digestive process has the capacity to generate above 1.5MW/h without further modifications required. There is sufficient chicken litter feedstock available within 35 km of the plant to support in excess of 10MW/h of renewable electricity and the company intends to expand its operations in this region in 2011.
Commenting on the Agreement, Mark Quinn, Executive Chairman of Clenergen Corporation said "After completing two months of improvements and testing at the plant, we are now able to generate renewable electricity on a 24/7 basis. Revenues from the plant will provide working capital for our operations in India to continue with the rollout of biomass power plants and biomass feedstock plantations in India."
About Clenergen Corporation
Clenergen Corporation is a publicly-traded company with its common stock quoted on the Over-the-Counter-Bulletin Board (OTCBB: CRGE.OB). 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 intends to use proprietary and mixed biomass feedstock to implement sustainable supplies of clean energy (http://www.clenergen.com/index.php?optioncom_content&viewarticle&id53&Itemid37&langen) for regional, captive end users, remote islands, and mining companies and, through government- or privately-owned power grid systems, other end users, including private homes. 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 (http://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.
