National Power Corporation and Clenergen Corporation (CRGE: OB) sign MOA to develop renewable electricity in the Philippines
National Power Corporation and Clenergen Corporation (CRGE: OB) sign MOAto develop renewable electricity in the Philippines
(pressrelations) -
National Power Corporation (NPC) and Clenergen Corporation (CRGE) reached agreement to collaborate in producing green electricity using biomass electricity systems for NPC's Small Power Utilities Group (SPUG) covering 0.5 to 2 MW power plants.
In a joint announcement, NPC President Froilan A. Tampinco and Clenergen Corporation CEO Mark LM Quinn agreed to pursue feasibility studies for the NPC's nominated areas --- Kabugao, Kalinga, Lubuagan, Apayao, Concepcion, Romblon, Corcuera, Romblon and Banton. NPC believes these areas have the best potential for developing competitive renewable sources of electricity.
Clenergen Corporation , a publicly held US company (CRGE ) have developed a programme to produce high- density , short- rotation biomass crops on a commercial scale to provide sustainable supplies of clean energy to regional , independent clients and national grids.
National Power Corporation, is the Philippine government's mandated state agency to develop off-grid small island power systems using non-conventional electricity systems.
Mark Quinn , CEO of Clenergen Corporation commented "Clenergen Corporation will dedicate itself to install Distributed Environmental Power Systems or DEPS in the Philippines. The biomass power plants will range in size from 0.5 to 8 MW and will be located in areas suitable to cultivate dedicated biomass feedstocks." "We see the Philippines as an excellent platform to showcase and demonstrate the biomass and gasification technologies to assure renewable electricity for the Asia Pacific basin.
Froilan A. Tampinco President of NPC said "We are strongly encouraged by the Agreement with Clenergen and we look forward to the MOA's immediate implementation as we promote and encourage the use of renewable energy that abounds in our countryside,". Mr Tampinco sees the Clenergen partnership as a clear indication of global support for NPC's call for strong partnership in the field of alternative energy for the Philippines' small island electrification program.
About Clenergen Corporation
About Clenergen Corporation .Clenergen Corporation is a publicly listed company on the OTC stock market (symbol CRGE). Clenergen develops Clean Energy Generation projects to address the requirement for renewable and sustainable supplies of electricity. Clenergen installs and operates Distribution Environmental Power Systems (DEPS) and applies plant science to the cultivation of proprietary biomass feedstock's in order to provide renewable supplies of clean electricity to regional, independent clients and national grids. www.clenergen.com
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 scale and to establish our company as one of the leading biomass electricity 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:
Jessica Hatfield
Communications Director
Clenergen Corporation
Tel: 0207 739 0028
Fax: 0207 7657 3275
pr(at)clenergen.com
www.clenergen.com
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Datum: 28.01.2010 - 19:35 Uhr
Sprache: Deutsch
News-ID 157168
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