announcement just out. more media expected!
5 March, 2004 ASX Announcement - World First - Always Greener Australians can now use more economical and environmentally friendly energy to fuel their hot water heaters and light their homes, which will reduce the cost of renewable energy for consumers around the country. Thanks to Green Pacific Energy’s breakthrough innovation of a world first energy source created from mulch, tree clippings, and grass cuttings collected by councils in suburban neighbourhoods and transformed into power. This clean, green energy is then wholesaled to power companies including Energy Australia by Green Pacific Energy Ltd (GPE). GPE is a listed company re-quoted on the ASX at 10:00 am this morning, following the press conference to officially launch Australia’s first green-to-waste energy power plant. According to Energy Australia, consumers will be able to choose to have 50 or 100 percent of their power from renewable energy sources such as that offered by Green Pacific Energy’s unique technology to produce clean energy from green waste matter. This form of green energy is more reliable than wind or water, the two other known common sources of renewable energy. Chairman, Mr. Alfred Wong stated, “GPE has constructed an Australian first – an efficient, cost effective and environmentally friendly green energy plant. The Stapylton plant is evidence of the work-ability of this technology to produce sustainable, clean energy from a plentiful, inexpensive and environmentally friendly fuel source.” Under Australian legislation, energy retailers are obliged to source a prescribed minimum percentage of their electricity from renewable energy sources, effectively guaranteeing a market for Green Pacific Energy’s clean energy. For further enquiries, please contact Mr Alfred Wong, CEO, Green Pacific Energy Limited on (02) 9202 3070.
