Nviro Cleantech plc to develop coal and biomass treatment technology with CLP India
Friday, October 12th, 2007
Nviro Cleantech plc, a leader in commercialising â€˜cleanâ€™ technologies, is pleased to announce that its subsidiary, Vertus Technology Limited has signed a Memorandum of Understanding with CLP Power India Private Limited (â€œCLP Indiaâ€) to develop its Vertus RTP technology for applications in both biomass and lignite coal treatment.
CLP India is one of the largest foreign investors in Indiaâ€™s power sector and is part of the CLP Group, which operates a vertically integrated electricity supply business in Hong Kong and is a leading private sector power company in Asia Pacific, including Mainland China, Australia, Taiwan and Thailand. The CLP Group is listed on the Hong Kong Stock Exchange and in 2006 has a market capitalisation of almost US$20 billion.
Under the agreement the two companies will conduct trials to test and assess the feasibility of developing a pilot production plant in India capable of pre-treating a range of fuels for cleaner power generation. If phase one is successful, Vertus will develop a Vertus RTP plant for use by CLP India. This would be the first established commercial demonstration site for Vertus technology in India, providing CLP India with suitable performance data for possible further development of the Vertus technology in their territory. Work on the agreed test programme will commence immediately, with a series of fuels being analysed at the Vertus laboratory in Hungary.
Chris Every, CEO of Nviro Cleantech and Chairman of Vertus, said; â€œWe are delighted to form a working partnership with such a well established and experienced power generator as CLP India for our first foray into India, and we look forward to establishing a mutually profitable business development pipeline. Following our recently announced JV in China, Nviro now has a presence in two of the worldâ€™s largest coal-fired power generating countries where its technologies can not only help reduce emissions from traditional fossil fuels, but also emerging biomass energy projectsâ€.
Rajiv Mishra, MD of CLP India, said; â€œCLP continues to seek to apply viable new clean technologies to meet the demand for power generation.
â€œWe are confident that in Vertus RTP Technology we have identified an exciting opportunity to meet this objective in a market where demand for electricity is growing strongly.â€
For further information visit: www.nvirocleantech.com