ABN Newswire

Enerji Limited (ASX:ERJ) Opcon Powerbox Installation Update

newsroom@abnnewswire.net — Wed, 16 May 2012 11:00:00 GMT

Perth-based clean power company Enerji Limited (ASX:ERJ) has progressed with installation of the Opcon Powerbox at the Carnarvon Power Station with testing of the earth grid now successfully completed.

Construction is continuing as planned this week after a hiatus to allow the earth grid time to settle.

Upon testing, the earth grid easily exceeded specifications allowing construction to continue. The earth grid was not originally required in construction but became necessary when it could not be determined that the existing grid would adequately protect the section of the power station accommodating Enerji's waste heat to power system.

The earth grid is critical in providing a safe working environment in an operating power station.

Enerji and its customer have an uncompromising approach to safety on site.

The resultant short delay is due purely to construction and procedural matters, predominantly the earth grid installation and settling period. The technical aspects of the Opcon Powerbox and its heat recovery system are unchanged. The exact revised target date for completion at Carnarvon is being determined by Enerji in consultation with the Horizon project team and will be advised to the market in a future update. It is now expected in June.

Enerji continues to develop its pipeline of prospects for the Opcon Powerbox in the mining industry while also exploring project and equipment finance options.

The Opcon Powerbox has the capacity to produce more electrical power without burning additional fuel, while also potentially lowering CO2 emissions by up to 15%. Customer savings from the Opcon Powerbox have been estimated at up to $5.1m after five years and $34.7m after 20 years.

Enerji featured on ABC TV News

Enerji and the Opcon Powerbox were featured on the 7pm ABC TV News bulletin on 29 April 2012.

The story by Kathryn Diss focused on the benefits of the Opcon Powerbox for mining companies and interviewed Enerji managing director Greg Pennefather and Poseidon Nickel CEO and managing director David Singleton. The item also includes footage of Enerji's equipment installed at the power station.

A link to the footage can be found on the Enerji website at http://abnnewswire.net/lnk/XMVYT47L

National sales director appointed

Enerji recently appointed Mr Darren Beazley as national sales director for the company, a role focused on further growing the sales pipeline of the Opcon Powerbox. In his short time with the company thus far he has initiated new leads and advanced discussions with existing sales prospects.

Enerji Limited
Greg Pennefather 
T: +61-8-9268-3800
WWW: www.enerji.com.au

Enerji Limited (ASX:ERJ) Final Heat Recovery Unit Installed at Carnarvon

newsroom@abnnewswire.net — Fri, 20 Apr 2012 15:57:00 GMT

Perth-based clean power company Enerji Limited (ASX:ERJ) has successfully installed the third and final heat recovery unit (HRU) at the Carnarvon project in Western Australia.

The photograph below shows all three HRUs now installed at the power station.

The earth grid has also been completed and is awaiting final testing tomorrow. This milestone allows for the remaining piping and cooling tower construction tasks to commence. The project is on track to start generating power in May.

The Carnarvon Power Station is in the Gascoyne region of Western Australia. Following installation of the WHPS by Enerji, revenue will be generated through selling the electricity created by the Opcon Powerbox. The Powerbox has the capacity to increase the power station's energy output without burning additional fuel or creating emissions.

Further construction updates, highlights and milestones will be announced in due course. For more photographs documenting the installation of Enerji's first waste heat to power system go to:
http://abnnewswire.net/lnk/T2X1NS18

The Company also advises that a further two 3rd generation Opcon Powerboxes are almost ready for shipping from Sweden in anticipation of the acceptance of at least one the several proposals in front of potential customers.

Enerji Limited
Greg Pennefather 
T: +61-8-9268-3800
WWW: www.enerji.com.au

Enerji Limited (ASX:ERJ) Investor Presentation April 2012

newsroom@abnnewswire.net — Thu, 5 Apr 2012 13:09:00 GMT

Enerji Limited (ASX:ERJ) is pleased to provide an Investor Presentation April 2012.

- A clean power company focused on providing recovered heat energy to multiple sectors, including mining and resources.

- Australian exclusive commercial rights for proven waste heat conversion technology - the "Opcon Powerbox".

- Opcon Powerbox can produce up to 20% more power and lower CO2 emissions by ~15% without burning additional fuel.

To view the presentation, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-ERJ-584861.pdf

Enerji Limited
Greg Pennefather 
T: +61-8-9268-3800
WWW: www.enerji.com.au

Enerji Limited (ASX:ERJ) Second Heat Recovery Unit Installed at Carnarvon

newsroom@abnnewswire.net — Wed, 4 Apr 2012 11:36:00 GMT

Perth-based clean power company Enerji Limited (ASX:ERJ) has successfully installed the second of the three heat recovery units (HRU) at the Carnarvon project in Western Australia.

The HRUs incorporate an Airec heat exchanger to capture the heat from the engine's hot exhaust.

The design of the system is ingenious, allowing the engine exhaust to take its usual path when the waste heat to power system (WHPS) is not in operation. When the WHPS is operational, the exhaust is diverted through the Airec heat exchanger and then channeled back to the original exhaust stack.

Recent clear conditions at Carnarvon have allowed the installation of the first two HRUs following a delay caused by a period of inclement weather. The image below shows the crane lifting the second unit into place over the top of the existing power plant.

Installation of the third and final HRU is scheduled for next week, barring any delays.

Commissioning at the Carnarvon project is now expected at the end of April.

The Carnarvon Power Station is in the Gascoyne region of Western Australia. Following installation of the WHPS by Enerji, revenue will be generated through selling the electricity created by the Opcon Powerbox. The Powerbox has the capacity to increase the power station's energy output by up to 700kW without burning additional fuel or creating emissions.

Further construction updates, highlights and milestones will be announced in due course. For more photographs documenting the installation of Enerji's first waste heat to power system go to:
http://www.enerji.com.au/index.php?option=com_content&view=article&id=261&Itemid=81

Enerji Limited
Greg Pennefather 
T: +61-8-9268-3800
WWW: www.enerji.com.au

Enerji Limited (ASX:ERJ) Annual Report to Shareholders

newsroom@abnnewswire.net — Mon, 2 Apr 2012 08:25:00 GMT

Enerji Limited (ASX:ERJ) directors present their report on the consolidated entity (referred to hereafter as the group) consisting of Enerji Limited ("Enerji" or "the Company"), and the entities it controlled at the end of, or during, the year ended 31 December 2011.

Principal activities

During the year the principal continuing activities of the group consisted of the purchase and installation of Opcon Powerboxes to generate emission free electricity.

Operating and financial review
Operating Review

During the year the consolidated entity's operations involved the development of its green power utility business by signing it's first power purchase agreement with the Western Australian government owned regional power utility, Horizon Power. This has resulted in delivery of the first third generation Opcon Powerbox into Australia and the planning for the implementation of installation at the Carnarvon Power Station.

In October, the company signed two memorandums of understanding with Energy Developments and Poseidon Nickel. Negotiations are progressing well with both parties.

Review of consolidated financial condition

The consolidated entity recorded an operating loss after income tax of $1,986,473 (2010: $9,709,404 loss). The loss including the following items of significance:

- amortisation of distribution right acquired ($1,009,404)

The net assets of the consolidated entity were $7,940,359 (2010: $6,981,558).

As at balance date the Group had cash available of $327,356 and has established a Bond facility of $6,250,000 to be used to finance the implementation of its green power utility service at customer sites.

Cash From Operations

The net cash outflow from operating activities of $2,326,148 and net cash outflow from investing activities of $1,717,386, pre-dominantly being payments for Opcon Powerboxes, was funded by capital raisings of $2,724,437 and the drawdown of $1,250,00 of bonds. The cash balance at year end was $327,356.

Corporate Structure

Enerji is a company limited by shares that is incorporated and domiciled in Australia. Enerji has three fully owned subsidiaries Jamalcom Pty Ltd, Letharji Pty Ltd and Cogen Power Pty Ltd.

Capital Structure

As at the date of this report the Company had 760,169,575 fully paid ordinary shares and 64,737,700 options over ordinary shares on issue. The options have an exercise price of $0.20 and an expiry date of 31 December 2016.

Significant changes in the state of affairs

Contributed equity increased by $2,366,263 (from $47,760,410 to $50,126,673) as the result of private placements, rights issue, the issue of shares for services rendered and on conversion of bonds, see note 20.

The company issued 100 convertible bonds during the year which are convertible into ordinary shares as per bond facility agreement, see note 17.

Dividends

There were no dividends paid or declared by the Company to members since the end of the previous financial year.

Events subsequent to reporting date

Other than the matters discussed above there has not been since end of the financial year any item, transaction or event of a material and unusual nature likely, in the opinion of the directors of the Company, to affect significantly the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial years.

Likely developments

The directors foresee that the 2012 financial year will build on the positive results achieved during 2011 and continue the focus on:

- Acquisition of new customers;

- Delivery of the Carnarvon town site project and subsequent customer projects based on the Opcon Powerbox;

- Generating revenue;

- Maintain administration costs at current levels.

Further information about likely developments in the operations of the Group and the expected results of those operations in future financial years has not been included in this report because disclosure of the information would be likely to result in unreasonable prejudice to the Group.

To view the full Enerji Limited Annual Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-ERJ-584213.pdf

Enerji Limited
Greg Pennefather 
T: +61-8-9268-3800
WWW: www.enerji.com.au

Enerji Limited (ASX:ERJ) Seeking Debt Funding For Future Projects

newsroom@abnnewswire.net — Thu, 29 Mar 2012 15:20:00 GMT

Perth-based clean power company Enerji Limited (ASX:ERJ) has appointed leading equipment finance broker Ledge Equipment Finance as part of the company's objective to move to debt financing major capital expenses associated with future orders of its Waste Heat to Power Systems.

Ledge Equipment Finance will act on behalf of Enerji to endeavour to secure a debt facility, allowing it an alternative funding source compared to issuing of shares to fund the purchase and installation of new Opcon Powerboxes and associated heat recovery equipment. Using debt finance would minimise future shareholder dilution.

Enerji firmly believes Waste Heat to Power Systems are suitable for debt financing as the business model is based on predictable revenues from electricity generated by the Opcon Powerbox and sold back to the customer under long term PPAs.

The Opcon Powerbox has the capacity to produce more electrical power without burning additional fuel, while also potentially lowering CO2 emissions by up to 15%. Customer savings from the Opcon Powerbox have been estimated at $3.8m after five years and $22.6m after 20 years for customers burning diesel to generate their power.

Enerji is installing its first Opcon Powerbox at the Carnarvon Power Station in the Gascoyne region of Western Australia. Commissioning at the Carnarvon project is expected at the end of April.

Enerji Limited
Greg Pennefather 
T: +61-8-9268-3800
WWW: www.enerji.com.au

Enerji Limited (ASX:ERJ) First Heat Recovery Unit Installed at Carnarvon

newsroom@abnnewswire.net — Thu, 22 Mar 2012 14:05:00 GMT

Perth-based clean power company Enerji Limited (ASX:ERJ) has installed the first heat recovery unit (HRU) at the Carnarvon project in Western Australia.

The HRU is the first to be designed, manufactured and installed by Enerji as part of the Opcon Powerbox waste heat to power system.

Recent cyclone activity and inclement weather at Carnarvon has delayed installation by approximately one month. This is due to the reliance on cranes lifting units into place over the top of the existing power plant.

Commissioning at the Carnarvon project is now expected at the end of April.

Other work at the site is progressing as expected including assembly of the cooling tower, concreting and installation of water pumps and pipe works.

The Carnarvon Power Station is in the Gascoyne region of Western Australia. Following installation by Enerji, revenue will be generated through selling the electricity created by the Opcon Powerbox. The Powerbox has the capacity to increase the power station's energy output by up to 700kW without burning additional fuel or creating emissions.

Further construction updates, highlights and milestones will be announced in due course. For more photographs documenting the installation of Enerji's first waste heat to power system go to:
http://abnnewswire.net/lnk/6QJL2I60

Enerji Limited
Greg Pennefather 
T: +61-8-9268-3800
WWW: www.enerji.com.au

Enerji Limited (ASX:ERJ) Welcomes CSIRO Climate Report

newsroom@abnnewswire.net — Wed, 14 Mar 2012 17:38:00 GMT

Perth-based clean power company Enerji Limited (ASX:ERJ) has welcomed a CSIRO Climate Change Report, which shows the average Australian mean temperature has risen 0.7 degrees since 1960.

Former Howard Government Minister and Enerji chairman Ian Campbell said the "State of the Climate" snapshot released this morning underpins the need for improved energy solutions capable of reducing carbon emissions.

"Here we have high caliber CSIRO scientists advising maximum temperatures have increased every decade for the past 50 years," he said.

"It is imperative companies and individuals act on this report. For its part, Enerji is committed to developing climate-friendly energy solutions."

Enerji is set to install its first Australian Opcon Powerbox at the Carnarvon Power Station in Western Australia.

The device, developed in Sweden, enables the conversion of waste heat to energy and is capable of generating power with up to 15% fewer carbon emissions. The first Opcon Powerbox will supply an estimated 300 households and businesses.

The technology is already used at several Swedish paper mill plants. Mr Campbell said the company was currently in discussion with several Australian mining companies seeking to be more energy efficient and was confident further Opcon Powerboxes would be rolled out in Australia later this year.

Installation of Australia's first Opcon Powerbox is expected to be completed by the end of this month or early April.

Greg Pennefather
Enerji Limited
T: +618-9268-3800
http://www.enerji.com.au

Enerji Limited (ASX:ERJ) Audio Interview - Carnarvon Installation Progress

newsroom@abnnewswire.net — Tue, 13 Mar 2012 12:40:00 GMT

Enerji Limited (ASX:ERJ) provides the opportunity to listen to an audio broadcast with Greg Pennefather, CEO in a presentation titled " Enerji Ltd progressing well with installation of Powerbox at Carnarvon".

To listen, click the following link, or copy details into your web browser:
http://abnnewswire.net/lnk/343QGXZ5

The presentation details are as follows:
- Enerji Ltd progressing well with installation of Powerbox at Carnarvon
- Presented by Mr Greg Pennefather, CEO
- Tuesday, 13th March 2012, 12.30pm AEDT

Greg Pennefather
Enerji Limited
T: +618-9268-3800
http://www.enerji.com.au

Enerji Limited (ASX:ERJ) Opcon Powerbox Installation Progresses at Carnarvon

newsroom@abnnewswire.net — Thu, 8 Mar 2012 13:40:00 GMT

Perth-based clean power company Enerji Limited (ASX:ERJ) is progressing the installation of Australia's first Opcon Powerbox waste heat to power system at the Carnarvon project in Western Australia.

Works have progressed apace on site after last week's successful placement of the Opcon Powerbox on its concrete base. The cooling tower concrete upstands have been poured, assembly has commenced (see images) and the concrete bases for the water pumps and the transformer have been poured. Excavation for the pipework footings is well progressed.

Works for the remainder of this week include:

- Pouring the concrete base for the control room
- Continued assembly of the cooling tower
- Excavation and pouring of the concrete for all of the pipework footings
- Installation of the water pumps on to their concrete base
- Commencement of pipework assembly

Enerji staff and contractors are on site overseeing construction of the waste heat to power system.

Further construction updates, highlights and milestones will be announced in due course.

For more photographs documenting the installation of Enerji's first waste heat to power system go to;
http://abnnewswire.net/lnk/9TB4KT9M

Greg Pennefather
Enerji Limited
T: +618-9268-3800
http://www.enerji.com.au