Investor News

ECT Enters Eastern European Lignite Market

Environmental Clean Technologies Limited (ECT) has signed a Memorandum of Understanding (MoU) with ELBIS Sp.z o.o (ELBIS), a wholly-owned subsidiary of the State-controlled power utility Polska Grupa Energetyczna S.A. (PGE), to co-develop a localised business case for a Coldry plant in Poland.

ELBIS is responsible for evaluating and implementing coal drying technology in line with other major initiatives stemming from the recent 15% divestment of PGE worth A$2.2Bn and the MoU, executed by ELBIS President Mr. Tadeusz Banasiak, provides for the scoping and detailed assessment of a Coldry plant with an initial production output capacity of three hundred thousand tonnes per year within the Be?chatów station complex.

"At 4400MW, the Be?chatów Lignite power plant is the largest lignite power station in Europe" commented ECT Chief Executive Kos Galtos during his recent visit to Poland, "We now look forward to developing a coal drying solution that opens up value-added downstream markets for lignite assets and addresses Poland's emission reduction ambitions, while enhancing the nation's energy security."

ELBIS President, Mr. Banasiak said, "ELBIS is looking forward to working closely with ECT to explore the application of the Coldry technology."

The detailed site-specific scoping and assessment of this project will begin immediately and progress through 2010, with ELBIS contributing expert local knowledge to complement Arup's basis of design and international capabilities, with additional local partners to be recruited.

"This development is consistent with the strategic intent communicated to our shareholders at our recent Annual General Meeting and places us in a stronger position", said ECT Chairman Dave Woodall. "Only by formally engaging with major players in key global markets will ECT enhance the commercial and environmental contributions of our technologies and deliver benefits to our stakeholders."

For Further Information Contact:

Kos Galtos - Chief Executive+61 3 9909 7684 or [email protected]


ELBIS is a subsidiary of "Belchatow" Power Plant (PGE Elektrownia Belchatow S.A.), whose majority shareholder is PGE Power and Mining (PGE Górnictwo i Energetyka S.A.), which in turn belongs to the Polish Power Group (Polska Grupa Energetyczna S.A.).

ELBIS' core business:

  • Project management services
  • Energy market services and energy market-related activities
  • Services and development of projects for electricity generation in combination with heat from renewable sources
  • Consulting services in energy efficiency improvement