Clenergen Corporation announced today that it has signed a memorandum of agreement (MOA) with National Power Corporation (NPC) whereby a collaborative effort will ensue for the production of ‘green’ energy based on biomass power plants for NPC’s Small Power Utilities Group (SPUG), which handles plants in the 0.5-2MW range.
Clenergen CEO Mark LM Quinn and NPC President Froilan A. Tampinco disclosed, in a special joint announcement, that feasibility studies would commence in areas NPC has determined to be the best potential sites for utilizing Clenergen’s technology. The sites selected by NPC for development of this initiative are Apayao, Banton, Concepcion, Corcuera, Kabugao, Kalinga, Lubuagan, and Romblon.
National Power Corporation, a state-owned power company operating in the Philippines, was mandated into existence for the development of off-grid, innovative power systems suitable for the many islands that make up the region’s geography.
The publicly held Clenergen is known in the booming ‘green’ energy sector for its incredible proprietary technologies, such as the development of non-food biomass crops through judiciously applied plant science techniques and biotechnology, as well as revolutionary gasification technology.
The capacity to produce short-rotation, high-yield biomass on a commercial scale, and the subsequent utilization of technologies like gasification, combustion steam and anaerobic digestion, collectively make Clenergen a powerhouse when it comes to developing innovative ‘green’ energy solutions for independent clients as well as regional and national grids.
Quinn affirmed Clenergen’s dedication to the task of installing Distributed Environmental Power Systems (DEPS) in the Philippines, where these biomass plants – ranging from 0.5-8MW in size – will provide much needed, highly localized and sustainable energy solutions for the region. They will also be located in areas “suitable to cultivate dedicated biomass feedstocks”. The secondary benefit, of demonstrating the entire system (from biomass production to gasification) as a renewable energy solution to the Asia Pacific basin community, will also be achieved, no doubt prompting others to pursue Clenergen for similar projects.
Tampinco expressed how encouraging this agreement with Clenergen was for NPC, and said he looked forward to “the MOA’s immediate implementation as we promote and encourage the use of renewable energy that abounds in our countryside”.
Tampinco views the relationship as a “clear indication” of global support for a call by NPC to create “strong partnerships” in alternative energy for the Philippine’s small island electrification program.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment