Solarmundo presents an innovative solar thermal power plant with sensationally low power generation costs Solar Energy Beats Fuel

Ličge, Belgium (ots) - - Cross-reference: Photo is available at:http://www.presseportal.de/story.htx?nr=256988&action=bigpic&att=8632 Solar energy can now compete with conventionally generatedelectricity. This was announced on Tuesday by Solarmundo,Belgium, at an international press conference in Ličge. Inseveral years of development work, Solarmundo has refined theproven parabolic trough collector technology to create a high-performance yet simple power plant system. Simpler engineering and lower operating costs make theSolarmundo power plant technology a power generation alternativethat is unrivalled on cost. Solarmundo power plants are essentially based on the parabolictrough systems that have successfully operated in California formany years. Solarmundo has improved this technology to create aninnovative and above all simpler type of solar power plant. The technology has been successfully tested in several yearsof trials on a 27,000-square-foot (2500 m2) pilot plant at Ličge.This type of power plant can be located in almost any sunnyregion of the world, including southern European countries suchas Spain and Greece. Promising Economics For a plant located in Egypt the power generation costs arebetween 4 eurocents per kWh for 400 MW or 800 MW power plants and7.5 eurocents per kWh in a 50 MW power plant. For the first time,this makes solar power competitive with conventionally generatedpower. Negotiations with International Partners To demonstrate the positive experience gained with theSolarmundo technology on an industrial scale, construction of a50 MW solar power station is now planned. For this purpose,Solarmundo has now started negotiations with forward-lookinginvestors. Solarmundo also has openings for financialpartnerships in developing it`s business building up productionfacilities. ots Originaltext: Solarmundo NV Im Internetrecherchierbar: http://www.presseportal.de For furtherInformation: www.solarmundo-power.com High-end photos andfurther information can be downloaded under www.solarmundo-power.com/press/press.html Jacques de Lalaing Solarmundo NV.Meir, 44A 2000 Antwerp Belgium Tel. 0032 3 205 9204 Fax 0032 3227 1697 e-mail: lalaing@solarmundo.be

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