Coal

Australia`s Pulse Energy to build four clean energy plants in China

27 April 2007 – Australia’s Pulse Energy has signed a A$312m ($260.32m) agreement with the Chongqing Coal Group to build and jointly own and operate four clean energy power plants at coal mine sites in China.

The agreement involves the development of four 60 MW power stations in Chongqing that will use technology developed by Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) to burn low concentration vent air methane to produce clean energy.

Pulse Energy business director Damien Weis said the deal provided the company with further growth opportunities. “We are in a great position to capitalise on the enormous clean energy opportunities in China,” Mr Weis said.