Clenergen Corp.’s (CRGE.OB) $1.2 Billion Contract to Supply Clean Power to India
Earlier this year, Clenergen Corp. announced its first major power purchase agreement with the Power Trading Corporation (NASDAQ: PTC) of India for the purchase and sale of 71 MW of power, which is to be generated by Clenergen's new biomass based power project in Tamilnadu. This purchase agreement has a value of up to $80.0 MM USD per year for 15 years, totaling to $1.2 Billion. Clenergen India's Honorary Chairman Dr. Arvind Pandalai, who has helped formulate various policies of the Government of India over a 32 year career, believes that his home country is the ideal place for Clenergen…
