Turning point ??

Further to the positive "Energy Developments to build SWERF char gasifier" announcement last week, ENE is now announcing revised agreement with the City of Wollongong in order to move to the next phase in the process of taking the SWERF technology commercial.
Also some new positive broker ratings on ENE.
Is this the turning point ???

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SWERF: Amendment to Agreement with City of Wollongong

ENERGY DEVELOPMENTS LIMITED 2002-06-13 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
Energy Developments Limited subsidiary, Brightstar Environmental, has
reached in-principle agreement with the Wollongong City Council to
amend the Whytes Gully SWERF(R) plant Waste Processing Agreement.

The amendments will allow for commercial operation of the existing
Whytes Gully plant once an upgraded EPA licence is issued. The
original Waste Processing Agreement, signed in 1999, anticipated an
expansion for the current plant as a precursor to commercial
operation. Under the amended agreement, this requirement will no
longer apply, thereby allowing the existing SWERF(R) plant to operate
on a commercial basis with minimal upgrade or expansion other than
that currently contemplated for the new char gasifier and a number of
ancillary processes.

This arrangement will provide the Company with the ability to
generate initial cash flows from the Whytes Gully project and, more
importantly, with the opportunity to achieve commercial operation
much earlier than allowed for under the original Waste Processing
Agreement.

The term of the initial EPA licence for 30,000 tonnes per annum (tpa)
was recently extended and will remain in place while the Company
prepares for additional emissions testing later this year. The data
gathered during these tests will complete the information required
for the Company to submit an application for expansion of the licence
capacity to 150,000 tpa. This is seen as the ultimate capacity
required to service the region.

For further information please contact:

For analyst queries - Greg Pritchard (Finance Director)
(07) 3275 5650

For media enquiries - Genevieve Gorman (Media Advisor)
(07) 3275 5638


MEDIA RELEASE

Energy Developments Limited subsidiary, Brightstar Environmental,
announced today that the Company had reached in-principle agreement
with the Wollongong City Council to amend the Whytes Gully SWERF(R)
plant Waste Processing Agreement.

Mr Paul Whiteman, Managing Director of Energy Developments, said the
amendments would allow for commercial operation of the existing
Whytes Gully plant once an upgraded EPA licence was issued.

"The original Waste Processing Agreement, signed in 1999, anticipated
an expansion for the current plant as a precursor to commercial
operation," Mr Whiteman said.

"Under the amended agreement, this requirement will no longer apply,
thereby allowing the existing SWERF(R) plant to operate on a
commercial basis with minimal upgrade or expansion (other than that
currently contemplated for the new char gasifier and a number of
ancillary processes)."

"This arrangement will provide the Company with the ability to
generate initial cash flows from the Whytes Gully project," he said.
"More importantly, this provides the Company with the opportunity to
achieve commercial operation much earlier than allowed for under the
original Waste Processing Agreement."

"The term of the initial EPA licence for 30,000 tonnes per annum
(tpa) was recently extended and will remain in place while we prepare
for additional emissions testing later this year," Mr Whiteman said.

"The data gathered during these tests will complete the information
required for the Company to submit an application for expansion of
the licence capacity to 150,000 tpa. This is seen as the ultimate
capacity required to service the region."

For further information please contact:

For media enquiries - Genevieve Gorman (Media Advisor)
(07) 3275 5638 or 0416 338 648