tender process - april 2

PHOENIX, April 2 /PRNewswire-FirstCall/ -- EnviroMission (OTC Bulletin
Board: EVOMY) has lodged a bid in a competitive tender process to supply
200MW of Solar Tower power to Texas based, El Paso Electric Company (EPE).
Bidders to El Paso Electric's request for proposals (RFP) are competing
on price to supply up to 300MW of electricity to El Paso Electric;
successful bidders expected to be announced by the end of this financial
quarter.
Whilst the outcome of the bid process will not solely define Solar
Tower development in the region, EnviroMission's success in the bidding
process would achieve greater development certainty sooner.
A successful bid will achieve the equivalent of a power purchase
agreement to provide certainty and strength to EnviroMission's commercial
case for development.
"EnviroMission has four sites undergoing meteorological assessment in
the South West, although the weight of a power purchase agreement
associated with a specific development would immediately increase overall
certainty for development in the region.
"EnviroMission's bid to El Paso Electric also outlined the potential
for strong carbon abatement and unique sustainable energy benefits
unavailable to bidders historically exposed to fuel risk associated with
fuel chain logistics and global market forces.
"The basis of EnviroMission's bid in a competitive process alongside
non- renewable bidders has been made possible through efficiencies achieved
from innovation and development of the Solar Tower concept in Australia
that have substantially enhanced the unrivalled environmental benefits
already associated with the technology," Mr. Roger Davey, EnviroMission's
Chief Executive, said describing some features of the bid.
El Paso, known locally as the 'sun city', has been earmarked for Solar
Tower development, with meteorological testing underway to confirm the
ideal solar conditions at two local sites.
Energy prices and mandates for renewable energy generation in the US
are proving strong incentives within the pre-feasibility analysis for the
'first off' development case.
EnviroMission recently revised the scope of its development intent for
the Australian Solar Tower concept to include international markets in
order to access greater opportunities for commercial success; previously
announced plans to merge with US based SolarMission Technologies have
expressed the intent of both companies to achieve seamless access to the
strongest available economics to drive Australian Solar Tower development
forward.
EnviroMission has consulted and collaborated with SolarMission in the
detail and structuring of the bid to El Paso Electric in order to meet the
opportunity and timing of the RFP in anticipation of a successful merger
decision.
El Paso media has reported news of EnviroMission's bid to El Paso
Electric's RFP, signifying local interest in Solar Tower development in the
region; links to local reports by El Paso ASB7 are available on the
EnviroMission website at http://www.enviromission.com.au.
About EnviroMission Limited
EnviroMission is a renewable energy developer and innovator of
commercially viable large-scale power generation driven by solar radiation
for zero greenhouse gas emissions. http://www.enviromission.com.au
Notes about forward-looking statements Except for any historical
information contained herein, the matters discussed in this press release
contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts
constitute forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995, and are intended to be covered by
the safe harbors created by that Act. Reliance should not be placed on
forward-looking statements because they involve unknown risks,
uncertainties and other factors which may cause actual results, performance
or achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as "estimates,"
"anticipates," "projects," "plans," "expects," "intends," "believes,"
"may," "should" and similar expressions and by the context in which they
are used. Such statements are based upon current expectations of the
company and speak only as of the date made. The Company undertakes no
obligation to update any forward-looking statements to reflect events or
circumstances after the date when they are made.
Ms. Kim Forte
Communications Director
+61 (414) 690.356
[email protected]

Alex Livak
+1 (347) 813.4664
[email protected]