Clenergen to Partner With Niskibi Power Corporation to Supply Up to 1,000 MW of Renewable Energy to First Nations Communities
21 Março 2012 - 8:00AM
Marketwired
Clenergen Corporation (OTCBB:CRGE)(PINKSHEETS:CRGE) today announced
that it has reached an agreement with Niskibi Power Corporation
(NPC) to supply up to 1,000 MW of renewable energy in partnership
with the First Nations communities in Ontario and elsewhere in
Canada. The joint venture will capitalize on Clenergen's exclusive
relationships with biomass gasification and wind turbine
manufacturers to supply power generation equipment significantly
below going North American market prices.
NPC has a considerable track record of work within First Nations
communities in Ontario and explicitly recognizes the rights and
traditions of First Nations within its corporate vision. While
engaged in the co-development of biomass, wind and hydro power
generation in remote First Nations communities, Niskibi has focused
its business efforts on finding power solutions that not only
reduce cost, but also provide downstream commercial
opportunities.
NPC has been active in Ontario First Nations communities for the
past seven years, during which time the company expanded beyond the
provincial borders. NPC is currently evaluating modular LNG power
solutions as a cost effective alternative to diesel generated power
plants in remote coastal regions of Canada. NPC's modular LNG
solutions could drive considerable costs savings, as well
reductions in both CO2 and SO2 emissions regions.
Clenergen's ability to provide off-grid electricity using small
biomass gasification power plants ranging in capacity from 250 KW
to 2 MW offers the potential to generate economic growth in First
Nations regions as communities transition to energy self
sufficiency. Many remote Communities across Canada are currently
reliant on high cost diesel power generation. The joint venture
will initially focus on sites that can be smoothly connected to the
national grid, which generate either hydro or wind electricity, and
can provide opportunity for commercial scale (minimum 30 MW)
projects. Biomass will be produced by growing Miscanthus grass that
has been cloned to adapt to the Canadian climate, averaging 17 tons
per acre, with a life expectancy estimated at 17 years.
Ontario Power Generation, in a report to the Electricity
Distributors Association, estimated that Northern Ontario holds
12,000 MW of theoretical power generation potential, though most
potential sites are restricted by existing government commitments
or regulation. First Nations participation is a key issue noted by
OPG in its report. Clenergen and NPC together bring the technology,
relationships, and capabilities required to help First Nations
communities harness their local power generation potential.
Delivering First Nation commercial power solutions will ultimately
help Ontario meet growing energy requirements.
Commenting on the developments, Mark Quinn, Chief Executive
Officer of Clenergen Corporation: "We are now beginning to generate
the new business opportunities and revenue streams that are the
result of our decision to restructure and diversify our interests
in clean energy. This agreement with NPC provides the platform for
our company to exploit the North American marketplace for renewable
energy and capitalize on our past experience and exclusive
commercial relationships developed in the emerging markets."
About Clenergen Corporation
Clenergen Corporation is a publicly-traded company in the US
(OTCBB:CRGE). 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 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: www.clenergen.com. To receive
future news, investor newsletters, and other information on
Clenergen by email, visit www.cleanenergyleaders.com and
subscribe.
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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http://www.cleanenergyleaders.com
Contacts: Clenergen Corporationinvestor@clenergen.com
www.clenergen.com
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