Mar. 21, 2012, New York, NY - Clenergen Corporation
has 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. 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
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