game on

"ECT has now received confirmation from Loy Yang Power that it is prepared to commence discussions for an MoU encompassing the provision of coal, services and a site package necessary to enable the project.

Chief Executive Kos Galtos said the company was excited by this major step.

"The confirmation by Loy Yang that it is prepared to work with us is a critical milestone that will allow us to advance the TinCom opportunity," he said.

"We are now finalising negotiations around a detailed Coordination Agreement with TinCom which will lead to the establishment of an SPV and the investment of necessary funds to complete the detailed feasibility study," Mr Galtos said.

The State Government recently committed A$1M to the Gippsland Regional Infrastructure Development (GRID) initiative, of which ECT and Loy Yang Power are members, in this year's budget. GRID will identify rail and port infrastructure needs in and around the Latrobe Valley and provide real solutions to the transport issues that are prohibiting the export of Victoria's vast brown coal reserves.

"Coldry is commercially viable and we are now one step closer to realising this major investment opportunity in Victoria's Latrobe Valley," Mr Galtos said."

http://www.abnnewswire.net/press/en/60839/Environmental_Clean_Technologies_Limited_(ASX:ESI)_Makes_Significant_Progress_On_The_Thang_Long_Investment_And_Moves_Closer_To_Commencing_TinCom_Deal.html