EESTECH And Aryan Clean Coal Technologies Establish Joint Venture
Sydney, Australia (SPX) Oct 23, 2008 EESTECH and Aryan Clean Coal Technologies have entered into an agreement to establish a joint venture company to introduce three 10 mega watt HCGT (Hybrid Coalmine Gas Technology) power plants to the underground coal mines of India over the next five years. The total cost for the three HCGT power plants will exceed $US65 million and will potentially generate revenues for the joint venture of over $US25 million per year from the sale of electricity and carbon credits. EESTECH CEO, Mr Murray Bailey said: "This project will demonstrate the economic viability of HCGT as a state of the art clean coal technology and will set an industry benchmark to all coal companies around the world in the fight against global warming." EESTECH's HCGT power plant uses waste coal and ventilated air methane from under ground coal mines to generate cost effective clean coal energy while destructing the methane that would have otherwise been released to the atmosphere. Methane has a global warming potential 21 times more damaging to the atmosphere than carbon dioxide. The HCGT power plant is recognised under the international Methane To Market program as a climate change technology with each HCGT power plant generating over 350,000 tonnes of green house gas credits per year. Community Email This Article Comment On This Article Share This Article With Planet Earth
Related Links EESTECH Powering The World in the 21st Century at Energy-Daily.com
World's biggest cities to meet on credit crunch, climate change Sydney (AFP) Oct 22, 2008 The global economic crisis and the damage it could do to development will dominate talks between officials from some of the world's biggest cities Thursday. |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |