Business News • MarketWire • Clenergen Enters Into a Public Private Partnership With National Power Corporation to Supply 10MW/h Off Grid Electricity in the Philippines

Clenergen Enters Into a Public Private Partnership With National Power Corporation to Supply 10MW/h Off Grid Electricity in the Philippines

Clenergen Enters Into a Public Private Partnership With National Power Corporation to Supply 10MW/h Off Grid Electricity in the Philippines

MANILA, PHILIPPINES--(Marketwire - Dec. 7, 2010) - Clenergen Corporation (OTCQB:CRGE)(FRANKFURT:9CE) announced today that it had signed a Memorandum of Agreement with National Power Corporation (NPC) for generating off grid gasification biomass electricity and conclude, under a separate agreement, a 10 MW/h Consolidated Power Purchase Agreement. It is forecast that Clenergen would receive over $12 million annually in circa income and reduce NPC's operating costs by as much a $7 million per annum as a result of a reduction in the dependence of diesel generated electricity.

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