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Envirostar Mowell Plant Go ahead announcement in F

  1. ENVIROSTAR ENERGY LIMITED 2002-06-28 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    EnviroStar Energy Limited is pleased to announce that the site work
    and site services has now commenced at the company's Green Power
    Project in Morwell, Victoria.

    The commencement of the work was necessary to comply with the State
    of Victoria Environment Protection Authorities (EPA) Works Approvals
    and Planning Permits.

    The funding for the project is expected to be finalised once the
    performance tests of the 5MW Stapylton Green Power facility is
    completed in September this year.

    The progress of the site work at Morwell project will provide a
    substantial commencement of construction at the site.

    The Morwell project, which is fully permitted and has been, granted
    EPA Work Approvals and relevant Licenses, will have a nameplate
    rating capacity to generate 20 MW of Clean Electricity and it is the
    first Green Power project granted with the EPA License in the State
    of Victoria.

    The electricity generated (of 165GWhr per annum) will be sold to
    Energy Australia under the already signed long-term Power Purchase
    Agreements (PPA's).

    Phase one of the construction for the site work involves sub-soil
    compaction for about 8,000 square meter of area. The company's
    Development and Infrastructure Manager, Mr Deepak Kumar is managing
    the site work program at the Morwell site.


    For further information, please contact Jim Docherty, Company
    Secretary, via the communication points shown below.

    Telephone Number: (02) 9232 0788
    Facsimile Number: (02) 9232 0799
    Email address: [email protected]
    Web Site: www.envirostar.com.au


    J Docherty
    COMPANY SECRETARY


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