Perth, Sep 12, 2011 (ABN Newswire) - Emerging green energy utility, Enerji Limited (ASX:ERJ) has completed the book build for a share placement with commitments of approximately AU$409,000, before costs, to sophisticated and private investors ("Placement") to further fund the installation process of Australia's first Opcon Powerbox at Horizon Power's Carnarvon Power Station.
Enerji Limited (ASX:ERJ) is an emerging Perth-based green power utility focussed on commercialising the Opcon Powerbox in Australia.
The Opcon Powerbox cogeneration technology transforms waste heat into electricity and therefore creates significant energy cost and CO2 emissions savings for its customers.
Enerji has exclusive sales and distribution rights for the Opcon Powerbox in Australia and options for Malaysia, Thailand, Singapore and Sub-Saharan Africa.
The Opcon Powerbox, manufactured in Sweden by Opcon, represents a significant commercial opportunity through application to industrial, mining and power generation operations.
Enerji plans to maximise this opportunity and generate shareholder returns through long-term power purchase agreements.
ASX:ERJ) has completed the book build for a share placement with commitments of approximately AU$409,000, before costs, to sophisticated and private investors ("Placement") to further fund the installation process of Australia's first Opcon Powerbox at Horizon Power's Carnarvon Power Station.
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