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Sydney, Sep 28, 2011 (ABN Newswire) - Emerging green power utility, Enerji Limited (
ASX:ERJ) is delighted to advise that the first 3rd generation Opcon Powerbox has arrived in Australia.
The unit will remain in Customs until Friday 30th September. After clearing customs, it will be on display for a few hours to investors and media before being delivered to a site in Perth to undergo a series of inspections, including with WorkSafe. Subsequently it will be delivered to Horizon Power's Carnarvon Power Station for installation around November.
Enerji Chief Executive Officer Greg Pennefather said the arrival of the first 3rd generation Opcon Powerbox was a momentous occasion.
"We now have our cornerstone technology ready for installation at Horizon Power's Carnarvon Power Station and I am confident that the Powerbox will be generating electricity in Carnarvon by the end of 2011," Mr Pennefather said.
"During construction we consulted extensively with the relevant Australian regulatory bodies and as such the Powerbox already complies with most of the necessary requirements for usage in this country."
Opcon Powerboxes transform waste heat energy into electricity and have numerous applications to industry. Opcon Powerboxes are designed and constructed in Sweden by technology company Opcon. It costs between AUD$2.9 million and AUD$3.5 million to build, transport and install an Opcon Powerbox and the associated heat recovery system. Enerji generates revenue through long-term power purchase agreements.
"A huge secondary benefit of the first Opcon Powerbox installation is the significant boost to our business development capabilities by having an operational model which will physically demonstrate the level to which we can reduce energy costs and carbon emissions," Mr Pennefather said.
A second Opcon Powerbox is scheduled for delivery into Australia before the end of the year. The Company is confident that the advanced negotiations underway with at least one of a number of potential customers will be concluded prior to its arrival.
ASX:ERJ) is delighted to advise that the first 3rd generation Opcon Powerbox has arrived in Australia.The unit will remain in Customs until Friday 30th September. After clearing customs, it will be on display for a few hours to investors and media before being delivered to a site in Perth to undergo a series of inspections, including with WorkSafe. Subsequently it will be delivered to Horizon Power's Carnarvon Power Station for installation around November.
Enerji Chief Executive Officer Greg Pennefather said the arrival of the first 3rd generation Opcon Powerbox was a momentous occasion.
"We now have our cornerstone technology ready for installation at Horizon Power's Carnarvon Power Station and I am confident that the Powerbox will be generating electricity in Carnarvon by the end of 2011," Mr Pennefather said.
"During construction we consulted extensively with the relevant Australian regulatory bodies and as such the Powerbox already complies with most of the necessary requirements for usage in this country."
Opcon Powerboxes transform waste heat energy into electricity and have numerous applications to industry. Opcon Powerboxes are designed and constructed in Sweden by technology company Opcon. It costs between AUD$2.9 million and AUD$3.5 million to build, transport and install an Opcon Powerbox and the associated heat recovery system. Enerji generates revenue through long-term power purchase agreements.
"A huge secondary benefit of the first Opcon Powerbox installation is the significant boost to our business development capabilities by having an operational model which will physically demonstrate the level to which we can reduce energy costs and carbon emissions," Mr Pennefather said.
A second Opcon Powerbox is scheduled for delivery into Australia before the end of the year. The Company is confident that the advanced negotiations underway with at least one of a number of potential customers will be concluded prior to its arrival.
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About Enerji Limited
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.
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