Clenergen India Private Limited Appoints Merchant Bank for Public Floatation in India and Listing on National Stock Exchange of India Limited (NSE) and Bombay Stock Exhange Limited (BSE)
Dawn Van Zant (November 12th, 2009) Writes:
Dawn Van Zant (November 12th, 2009) Writes:
QualityStocks (November 11th, 2009) Writes:
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
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QualityStocks (October 21st, 2009) Writes:
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 is expected to generate net revenue of approximately US$1 million in its first year of operation. During the first phase of its operations in India, Clenergen will ramp up the capacity of this power plant to 10MW/Hr while installing two new biomass
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QualityStocks (September 11th, 2009) Writes:
Clenergen Corp. CEO Mark Quinn announced today before the opening that the company has acquired an exclusive intellectual property license for use in India and Sri Lanka from Star Biotechnology Ltd. This license will provide immediate access to the technology and knowledge required to increase the rate of biomass production, assisting in the generation of clean electricity through gasification.
“This is a significant source of plant science and expertise for Clenergen and will literally accelerate the development of our ambitions in the field. We have been working with the science team for the past six months and I am glad to have now reached this milestone”, stated Mr. Quinn today.
Using mother strains of Paulownia originating from Australia, the Polyploidy Technology Plant Adaption Process (PTPAP) will be applied to produce an entirely new species of fast growing tree, specifically cultivated to thrive in the climate and soils of land leased
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Dr. Stock Pick (August 27th, 2009) Writes:
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Thursday August 27, 2009
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Known for bringing innovative footwear to market, Crocs, Inc. (NASDAQ: CROX) today announced its newest iconic style - the Crocband. The next generation of Crocs’ celebrated Beach and Cayman styles, the Crocband Collection combines the very best features of Crocs original designs including world renowned comfort with the timeless appeal of retro sneakers.
Gerber Scientific, Inc. (NYSE: GRB), a worldwide leader in integrated automation solutions, will hold a conference call with analysts and investors on Thursday, August 27, 2009, at 10:00 a.m. (Eastern Time) to discuss fiscal 2010 first quarter financial results and provide a Company update. The Company will issue its earnings
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stock-pr (August 20th, 2009) Writes:
China Carbon Graphite Group, Inc. (OTCBB:CHGI), one of China’s largest producers and wholesale suppliers of fine grain and high purity graphite, announced that it received the government’s approval to reduce the registered capital of its subsidiary from $4,000,000 to $100,000, which reduces the Company’s obligation to make a capital contribution to its subsidiary from $4,000,000 to $100,000. The Company intends to fund the $100,000 obligation within 10 days. Upon payment of the $100,000, all outstanding obligations between the Company’s subsidiaries will be satisfied.
Clenergen India Private Limited, a wholly owned subsidiary of Clenergen Corporation (OTCBB: CRGE), has executed a binding Memorandum of Agreement (MOA) with Growmore Bio-tech Limited (www.growmorebiotech.com) for the supplies of micro propagated (tissue culture) and nursery hardened planting materials of a specially developed type of Bamboo (Beema Bamboo) to meet the plantation requirements of Clenergen India to generate feedstock for its two upcoming biomass gasification power projects
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Penny Omega (August 20th, 2009) Writes:
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Thursday August 20, 2009
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China Carbon Graphite Group, Inc. (OTCBB:CHGI), one of China’s largest producers and wholesale suppliers of fine grain and high purity graphite, announced that it received the government’s approval to reduce the registered capital of its subsidiary from $4,000,000 to $100,000, which reduces the Company’s obligation to make a capital contribution to its subsidiary from $4,000,000 to $100,000. The Company intends to fund the $100,000 obligation within 10 days. Upon payment of the $100,000, all outstanding obligations between the Company’s subsidiaries will be satisfied.
Graphic Packaging International, Inc. (”Graphic Packaging”), a wholly-owned subsidiary of Graphic Packaging Holding Company (NYSE: GPK), announced
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QualityStocks (August 13th, 2009) Writes:
Today, Clenergen Corporation announced that it will acquire 100% controlling interest of UK-based Clenergen Corporation Limited, intending to establish the corporation as a global leader of Biomass Power Generation Companies.
CCL currently retains 100% controlling interest in Clenergen India Private Limited, a subsidiary company based in Chennai, designed to implement a 80MW per hour Biomass Power Plant. Recently, Clenergen India signed a 15 year Power Purchase Agreement with the Power Trading Corporation of India Limited, valued at $87,000,000 per year. The company has secured leases on 4000 acres of land in Tamilnadu and is in the process of obtaining land leases from the Government of Karnataka to cultivate 25,000 acres for the production of biomass from bamboo cultivation. Clenergen India is projected to float on the National Stock Exchange in India in December 2009 and intends to have engaged Ernst and Young to raise its debt and private equity requirements.
In
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