Clean Global Energy Limited (ASX:CGV) Invitation to Bid With Indian Fertiliser and Chemical Company for Underground Coal Gasification (UCG) Projects in India

Sydney, Aug 24, 2010 AEST (ABN Newswire) - Clean Global Energy Limited (ASX:CGV) is pleased to update the market on our company's underground coal gasification [UCG] activities in India.

Clean Global Energy Limited has received an invitation to collaborate with Hyderabad-based Nagarjuna Fertilisers and Chemicals Ltd (BOM:500075), to participate in the development of UCG projects in India.

Conditions for UCG in Indian lignite blocks are similar to those in the coal tenements held by CGE in Victoria, and CGE would apply similar site selection methods in India to those already developed in Australia.

Accordingly, CGE has proposed a Memorandum of Understanding (MOU) to work with Nagarjuna to formalise a relationship to procure UCG blocks to develop, construct, commission and operate a UCG Plant to produce Syngas to use as feedstock for power generation and other uses.

CGE's primary role would be to deliver and operate a Pilot and subsequent Commercial UCG Plant.

Under the MOU, CGE would work with Nagarjuna, which includes a licensing agreement if one or more of the UCG blocks are granted to Nagarjuna or its nominees, to submit a bid to Rajastan State Petroleum Corporation Ltd for off-take of UCG Syngas.

Contact

John Harkins Chairman and Managing Director Clean Global Energy Limited Tel: +61-2-9230-0318 www.cleanglobalenergy.com.au