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Australia’s EESTECH and India’s Aryan Clean Coal Technologies will establish a joint venture company to introduce the HCGT technology into the country.
The plants will cost $US65 million, potentially generating revenues for the JV of more than $25 million per year from the sale of electricity and carbon credits.
“This project will demonstrate the economic viability of HCGT as a state-of-the-art clean coal technology and will set an industry benchmark to all coal companies around the world in the fight against global warming,” EESTECH chief executive officer Murray Bailey said.
The HCGT power plant uses waste coal and ventilated air methane from underground coal mines to generate energy and mitigate methane release into the atmosphere.
