Clenergen Corp. (CRGE)

[QualityStocks]

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 as bamboo and the Marjestica tree.

With regard to their biomass production, Clenergen has taken on a sublease of 150,000 acres of savannah grasslands in the South American nation of Guyana. In Guyana, there will be plantations of bamboo and Marjestica undertaken in a phased manner starting from an initial 5,000 acres with an additional 5,000 acres added annually. The biomass yield from this plantation will be exported under a long-term supply agreement to the United Kingdom. In the UK, the biomass will be used for co-firing with coal to reduce carbon dioxide emissions.

A large part of Clenergen’s business model involves deploying 17 megawatts and 11 megawatts per hour DEPS to large commercial end users, such as manufacturing and mining operations. The company projects that they will have operational power plants around the globe generating 503 megawatts per hour within the next five years.

The company has identified large mining and manufacturing operations in the emerging world such as Africa, Russia, Brazil and China as potential lucrative markets. Many areas in these locales still have limited infrastructure and acute energy shortages, so Clenergen should be able to charge well for providing power.

One example of Clenergen’s emerging market strategy can be seen in the West African nation of Ghana. The company plans to locate a 16 megawatt per hour biomass power plant on behalf of a leading mining company and a 56 megawatt per hour project for feeding power into the national grid of Ghana. It is projected that once the 16 MW power plant is operational, sixteen additional power plants, totaling 272 megawatts per hour capacity, will be installed in order to service the energy requirement of the mining companies in Ghana.

[protostars]

150,000 acres is a lot of grassland. That's well over 200 square miles.

[rose]

Nice to read about a product. Nat. gas is the long-term

[mwest]

I agree Rose and it should be the benefits are numerous

[QualityStocks]

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

Clenergen Corporation was pleased to announce yesterday 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 as filed on www.sec.gov.

[QualityStocks]

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 to Ernst and Young in India.

Out of the total equity component of US$82.76 million, US$65 million will be raised through a public floatation on the Indian Capital Markets, the rest being a combination of contribution to equity by Clenergen Corporation, USA and private placement of shares before floatation. Post closure of the public offering, the shares of Clenergen India will be listed for trading on the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange Limited (BSE).

ICICI Securities Limited (I-Sec), part of the ICICI Bank’s financial services conglomerate, has agreed to act as a Lead Merchant Banker (private equity placement, pre-IPO and the public floatation of Clenergen India). I-Sec is recognized as one of India’s premier merchant bankers, successfully handling many of the largest public flotations in India.

The proposed public flotation is being planned to hit the Indian markets in March 2010.

[protostars]

Like to get numbers on what they plan to profit from it all, at least long term.

[mrsfelix06]

Are they the only banker.

[rose]

Looks solid in the sense that a world market for the product is taking shape. Sort of reads like they are wrapping their arms around major markets for profit

[mwest]

US$ 236.47 million dollars is a lot of money, and to think that this is the money they need

[protostars]

I guess the point is they now have the funds to test their ideas.

[mrsfelix06]

testing is just the begining.

[mwest]

with that much money on the line though they have to prove themselves

[protostars]

There's no getting around that. It will soon be pretty clear. They will either economically generate power, and make money, or they won't.
Looks to me like they've thought this one out pretty thoroughly however, and I would expect the best.

[mrsfelix06]

Is there a ratio or guess?

[rose]

I guess profit and a wise bet

[mwest]

you took the words out of my moutn protostars

[mrsfelix06]

Straight to the point protostars.

[protostars]

India seems to be the ideal laboratory for all this.
They have the climate to sustain the fast growing plants, a developing economy that hungers for power, and a government that is willing to support new ideas.

[rose]

80MW is a nice size project that wil generate solid returns sorry about the lol