Clean Enviro Tech (OTCBB: CETC / Berlin & Stuttgart: A1KB22, ISIN: US18452C1080, SYMBOL: S03A) Enters Into Licensing Agreemen...
June 12 2013 - 9:30AM
Marketwired
Clean Enviro Tech (OTCBB: CETC) (BERLIN: A1KB22)
(ISIN:US18452C1080) (SYMBOL: S03A) (www.cleanenvirotech.com)
(www.cleanenvirotech.de) an emerging leader in the development and
marketing of next generation lithium-ion powered batteries
worldwide and a leading developer of residential, Solar
Concentrating, Electric Power Generation Systems able to produce in
excess of 2,000 WATTS (2 Kilowatts (kw) of electric power, with
zero emissions using sunlight as the only fuel, has entered into a
Licensing Agreement for manufacturing, marketing and distribution
rights of the Skypower Dish for India.
India, one of the world's most populated countries, suffers from
significant and wide scale electricity shortages with the problem
expected to worsen. The Skypower Dish provides a perfect solution
for on-grid, off-grid and remote applications for all users that
have electricity, NO access to electricity or the negative effects
of unreliable and intermittent utility service.
In December 2011, over 300 million Indian citizens had no access
to electricity. Over one third of India's rural population lacked
electricity, as did 6% of the urban population. Of those who did
have access to electricity in India, the supply was intermittent
and unreliable. In 2010, blackouts and power shedding interrupted
irrigation and manufacturing across the country.
The electricity sector in India had an installed capacity of
223.625 GW as of April 2013, the world's fifth largest. Captive
power plants generate an additional 34.444 GW. Non Renewable Power
Plants constitute 87.55% of the installed capacity and 12.45% of
Renewable Capacity. India generated 855 BU (855 000 MU i.e. 855
TWh) electricity during 2011-12 fiscal.
As in previous years, during the year 2010-11, demand for
electricity in India far outstripped availability, both in terms of
base load energy and peak availability. Base load requirement was
861,591 (MU) vs. availability of 788,355 MU, an 8.5% deficit.
During peak loads, the demand was for 122 GW vs. availability of
110 GW, a 9.8% shortfall.
In terms of fuel, coal-fired plants account for 57% of India's
installed electricity capacity, compared to South Africa's 92%;
China's 77%; and Australia's 76%. After coal, renewal hydropower
accounts for 19%, renewable energy for 12% and natural gas for
about 9%.
With its growing electricity demand, India has initiated steps
to develop its large potential for solar energy based power
generation. In November 2009, the Government of India launched its
Jawaharlal Nehru National Solar Mission under the National Action
Plan on Climate Change. Under this central government initiative,
India plans to generate 1 GW of power by 2013 and up to 20 GW
grid-based solar power, 2 GW of off-grid solar power and cover 20
million square meters with solar energy collectors by 2020. India
plans utility scale solar power generation plants through solar
parks with dedicated infrastructure by state governments, among
others, the governments of Gujarat and Rajasthan.
Using a Parabolic Dish, the Skypower Dish concentrates the power
of 500 SUNS onto a focal point creating a tremendous amount of heat
in addition to the electrical output generated from the
Concentrating Photovoltaic cells. This recent breakthrough provides
efficient heat dissipation while allowing the Photovoltaic Cells to
function within a safe temperature range under normal operating
conditions, preventing damage to the Dish related to the extreme
heat associated with concentrated sun light.
The unique design of the Skypower Dish gives homeowners, for the
first time, access to advanced concentrating Photovoltaic
technology combined with sun tracking while taking only about 1/3
the space compared to standard solar Photovoltaic panels.
The entry level price point for a Skypower Dish is estimated to
be $5,000US upon release. Many financial incentives are available
which reduce the user's actual costs and vary by location. Multiple
Dishes can be combined for increased capacity.
FORWARD LOOKING STATEMENT:
This press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are based on the Company's current expectations as to
future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ.
Contact: CONTACT INFORMATION: About Clean Enviro Tech:
www.cleanenvirotech.com www.cleanenvirotech.de For further
information: info@cleanenvirotech.com