Clenergen Corp. CRGE Archives - Page 2 of 4

WednesdayNov 11, 2009 8:39 am

Clenergen Corp. (CRGE.OB) Subsidiary Selects Merchant Bank for Public Floatation in India and Listing on National Stock Exchange of India Limited (NSE) and Bombay Stock Exhange Limited (BSE)

The Chennai (India) based Clenergen India Private Limited, a wholly owned subsidiary of Clenergen Corporation, announced today that ICICI Securities Limited has agreed to be the Lead Merchant Banker for the fund raising exercise through issuance of equity shares in India for Clenergen's 16MW and 64MW gasification technology based power plants. The cost of the two projects, which together will generate 80MW/Hr of clean, renewable electricity, has been projected to total US$ 236.47 million, out of which a sum of US$ 153.70 million is planned to be raised in the form of long term debt. This assignment has been mandated…

TuesdayNov 10, 2009 9:55 am

Clenergen Corp. (CRGE.OB) Announces Acquisition of Clenergen Corporation Ltd.

Clenergen Corporation was pleased to announce this morning that it has closed the previously announced share exchange agreement with Clenergen Corporation Limited, a United Kingdom Corporation ("Clenergen UK"). As previously agreed upon, the company issued 13,643,045 restricted shares of its common stock to the former shareholders of Clenergen UK. Clenergen was also pleased to announce that it has appointed Dr. Arvind Pandalai, Mr. Robert Kohn, Mr. David Sonnenberg, Mr. Mike Starkie, Mr Dale Shepherd and Mr. Jack Dickey to its board of directors. Details regarding the closing of the share exchange agreement can be found in the company's continuous disclosure documents…

MondayNov 09, 2009 2:14 pm

Clenergen Corp. (CRGE.OB) Plans to Have Operations Across the Globe

Clenergen Corp. is focused on installing, owning and operating small to medium-sized distributed environmental power systems (DEPS) which will sell power to companies, power grids and local municipalities around the world. The company is looking to produce a renewable and sustainable source of electricity through advanced gasification technologies. Clenergen is unique in the biomass energy industry in that their goal is to power their power plants using biomass crops which they will produce on a commercial scale at a cost of production similar to the cost of coal. The company will do this by using high-density, short-rotation biomass crops such…

ThursdayNov 05, 2009 2:42 pm

Clenergen Corp.’s (CRGE.OB) Total Solution for Bio-Energy

Clenergen Corp. is a developer of clean biomass power generation systems, with its current focus on the nation of India. The company is using a unique approach to use specifically-grown biomass feedstock in order to power its generators. The company has gained access to acreage in India for plantations in which to grow specific plants as biomass feedstock for power generation plants. A footprint of only 4,000 acres is sufficient to generate up to 16MW per hour of electricity on an annual basis. The first plant that Clenergen has identified is a high calorific strain of bamboo (Beema Bamboo) which…

TuesdayNov 03, 2009 11:48 am

Clenergen Corp. (CRGE.OB) Aiming For Over 80 Megawatts of Power in India

Clenergen Corp., biomass power developer, recently announced that it has entered into a 15-year power purchase agreement with PTC India Ltd. The agreement is through Clenergen’s wholly owned subsidiary, Clenergen India. PTC India, a public-private partnership company, is the leading provider of power trading solutions in India, and is focused on developing a commercially vibrant power market in the country. Clenergen currently has plantations in the Tuticorin and Tirunelveli districts in southern India, totaling 4,000 acres, of which 1,200 acres are earmarked for cultivation of bamboo and 2,800 acres for paulownia, two carefully researched and chosen biomass crops. The company…

ThursdayOct 29, 2009 9:03 am

Clenergen Corp. (CRGE.OB) Is Taking a Unique Approach to Using Biomass for Power Production

Clenergen Corporation has taken a unique approach to the problem of using biomass as fuel for power production facilities. The company has approached the issue from an agronomy and plantation management perspective rather than solely from an engineering perspective. Clenergen has achieved the ability to deliver a standard, uniform virgin biomass on a commercial scale at regular intervals over a long period of time. The company has contractually secured access to the feedstock required for cultivation. One feedstock is a species of grass named 'Beema Bamboo' which has been developed and test planted for Clenergen by its partner Growmore Biotech…

MondayOct 26, 2009 8:01 am

Clenergen Corp. (CRGE.OB) – Biomass2Biopower Private Ltd. Commences High Density Biomass Trials of Eucalyptus, Casuarinas, and “Vanashree”

Today, Biomass2Biopower Private Ltd. (“B2B”) announced that it has completed the first stage of its R&D program which is focused on the use of indigenous species of trees as viable sources of feedstock for the production of biomass for gasification power plant projects being implemented by Clenergen Corporation. The program aims to provide validation of the yield, production cycles and agronomy requirements as well as offer diversification to Clenergen's integrated feedstock supply chain. "Vanashree" was specifically highlighted in the press release for demonstrating an output of more than 40 tons per acre after 2 years of growth in a variety…

WednesdayOct 21, 2009 7:18 am

Clenergen Corp. (CRGE.OB) Reaches Agreement to Terms to Acquire 1.5MW Biomass Power Plant in Tamil Nadu, India

Today it was announced that Clenergen Corporation India Private Limited, a wholly owned subsidiary of Clenergen Corporation, has agreed on the terms to acquire a 1.5MW/Hr biomass power plant in Namakkal, Tamilnadu, which will be operational by yearend 2009. Recognized as one of India's National Demonstration Projects, the plant was shut down in 2007 due to operational cash flow constraints and its inability to remain profitable at a low tariff rate. However, under a Power Purchase Agreement between Power Trading Corporation of India Limited (PTC) and Clenergen India Private Limited, a higher tariff rate has now been agreed. The unit…

TuesdayOct 20, 2009 9:40 am

Clenergen Corp. (CRGE.OB) Moves Forward with Biomass Power Projects in India

Clenergen Corp., developer of clean biomass power generation systems using specifically grown biomass crops, is actively engaged in developing its first project in India. The plan is to develop a 10 megawatt/hour power plant in Namakkal, Tamilnadu, on the southern tip of India. The plant will be fed by a biomass gasification facility using biomass supplied by Clenergen’s plantations in Tamilnadu. The first step was the agreement to allow Clenergen to acquire an existing 1.5 megawatt/hour biomass power generating plant in Namakkal. The plant uses anerobic digestion technology to process agricultural waste using GE Jenbacher Gas engines. The unit, which…

ThursdayOct 15, 2009 1:31 pm

Clenergen Corp.’s (CRGE.OB) Board Leads Push into Biofuels

Clenergen Corp. is a biofuels company that is approaching the sector from a different perspective – from an agronomy/biology and plantation standpoint. The company's goal is to produce high-density, short-rotation biomass crops on a commercial scale which will then be used to power, steam and perhaps produce other products from advanced gasification and steam technologies. The company is led by an eminent Board of Directors and Advisors. Here is a brief overview of the members: Dr. Arvind Pandalai – Non-Executive Group Chairman Dr. Pandalai has 32 years of experience in international trading, export and import management, joint ventures, project and…

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