July 5 ASX ann..."To this end ECT is actively participating in...

July 5 ASX ann...

"To this end ECT is actively participating in the early assessment stages of the advanced R&D program announced by India’s Neyveli Lignite Corporation (NLC) in January this year."

Neyveli have long been Coldry aligned. Notice its not a TATA initiative. I wonder if Exergen are involved?....surely the Exergen prospectus will reveal that?

http://www.coalguru.com/india/lack_of_coal_and_gas_hurts_growth_in_power_generation_in_india/10636

"power capacity has been growing at a steady rate, the growth in power generation has been flat. Because of lack of fuel availability , power utilities are unable to operate at a higher capacity utilization."

The Cabinet decision seeks to ease coal availability for 78,000 MW of generation capacity commissioned between April 2009 and March 2015"

AGL/Loy Yang A ~2,200 MW

India is as a massive market.

If you are an ESI holder - I reckon you must read the below recent link:

http://www.ibtimes.com/india-set-surpass-china-worlds-largest-coal-importer-use-power-plants-1327117#

The above summerises Indias dilemma....and the Coldry Indian potential which dwarfs the Oz scenario..

India is a dead ringer for Coldry.

They have:

* Near zero black coal

* Knocked gas powered generation on the head

* Massive lignite reserves - Coldry has already been tested/proven to be suitable.

* Many articles out there clearly stating India cannot afford expensive high cv/low sulp/ash imports from OZ....but ALSO cannot afford the enviro cost of lower cost/low cv Indonesian coal

* A lack of water for coal generation.

So clearly - India's ideal solution is to find a way to utilise/upgrade their massive domestic lignite reserves, avoid the currency nasty, etc etc

http://www.ectltd.com.au/wp-content/uploads/ECT.pdf

Coldry Victoria has:

Feedstock $18
Prodn costs $13
Total $31

Given the India scenario...IMO:

Coldry India has:

Feedstock $6 (or less)
Prodn costs $6 (or less)
Total $12

Imagine that. India can potentially produce BCE domestically and pay bottom line ~$12/tonne instead of say LT ~$100 from NSW/QLD/USA.

Coldry = India's power problem solved...?

The India story alone has absolutely mind blowing potential for Coldry.

Sure the "construction ready" ARUP work by end Aug is exciting - but what will be the dilutive cost to existing s/holders. Don't lose sight of this. Do the figures folks as to what is proposed for the next 7 weeks.

The upside imo is its becoming increasingly obvious that ALDP is good and that the Coldry revolution is imminent via ARUP ->...

Until we see the finer detail of the coming GM resolutions and how this ARUP bond ~$2.6m + wcap scenario is financed...our excitement is curtailed.

tick tock...