Opcon’s Partner in Australia Signs Memorandum of Understanding with State Government-Owned Power Company
October 11 2010 - 2:30AM
Business Wire
Regulatory News:
Emerging green power utility company Enerji Ltd (ERJ:ASX), the
Australian partner of Opcon (STO:OPCO), the energy and
environmental technology Group, has signed a Memorandum of
Understanding with Horizon Power, a State Government-owned power
company. Enerji describes the agreement as an important milestone
in the commercialisation of Opcon Powerbox in Australia.
The Memorandum of Understanding establishes a commercial
framework for a future Power Purchase Agreement that will integrate
Enerji’s Opcon Powerbox into Horizon Power’s Carnarvon power
station. Enerji has also earmarked the first of six ordered 3rd
generation Opcon Powerboxes for Carnarvon. Horizon Power is a
commercially focused, State Government-owned power company that
operates across Western Australia, a 2.3 million square km area
that is five times the size of Sweden and includes the regions of
Pilbara, Kimberly, Gasgoyne, Mid West and Southern Goldfields, with
responsibility for among other things a major regional electricity
grid, North West Interconnected System (NWIS). The customer base
includes people and businesses in remote/isolated communities as
well as busy regional towns and major mining companies.
“This is a significant step forward towards commercialising
Opcon Powerbox in Australia and a tangible consequence of Enerji’s
focus on commercial arrangements for the roll-out of our clean
power service. We view our relationship with Horizon Power as a
strategic partnership with benefits for both parties,” says Greg
Pennefather, Managing Director and CEO of Enerji.
“It is very positive that we are now seeing the results of
Enerji’s increased focus on core business with commercial
applications. Opcon Powerbox offers improved energy efficiency,
with both business and the environmental benefits. This is
specially notable in regions such as Western Australia, with its
mining companies, isolated communities and regional centres that
rely on local, fossil-fuel based electricity production at high
cost,” says Rolf Hasselstr�m, President and CEO of Opcon AB.
For further information, see Enerji’s press release at:
http://www.asx.com.au/asxpdf/20101011/pdf/31t10z6s2tsnc1.pdf
A part of Opcon’s focus on Waste to Value, Opcon Powerbox is
Opcon’s proprietary product for production of new carbon-free
electricity primarily from waste and surplus heat at temperatures
as low as 55° C. Among other applications, Opcon Powerbox can be
installed in large process plants, power stations, large diesel
engines and large ships and can produce up to 6,000 MWh per
year.
For further information, please contact Niklas Johansson, vice
president, Investor Relations, Opcon AB, tel. +46 8 466 45 00,
+46-70-592 54 53
Opcon AB, Box 15085, 104 65 Stockholm, Sweden Tel. +46 8-466 45
00, fax+46 8-716 76 61 e-mail: info@Opcon.se www.Opcon.se
The Opcon Group Opcon is an energy and environmental technology
Group that develops, produces and markets systems and products for
eco-friendly, efficient and resource-effective use of energy.
Opcon has activities in Sweden, China, Germany, and the UK.
There are around 390 employees. The company’s shares are listed on
Nasdaq OMX Stockholm. The Group comprises two business areas:
Renewable Energy focuses on generating electricity from waste
heat, bioenergy, systems for handling natural gas, industrial
cooling, recycling of heat, drying of biomass, treatment of flue
gases, handling systems for biomass, etc., air systems for fuel
cells and measurement and monitoring of processes.
Engine Efficiency focuses on energy-efficient solenoid
technology and ignition systems for combustion engines including
ethanol, natural gas and biogas engines.
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