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EESTech Clean Coal Technology Awarded $US100 Million Power Plant Contract In China

Posted on: Monday, 27 November 2006, 12:00 CST

SYDNEY, Australia, Nov. 27 /PRNewswire-FirstCall/ -- Renewable energy and water purification specialist EESTech Inc., (EESH.OB) has been awarded a purchase agreement contract worth $US100 million by Liaoning Fuxin Coal Group of Northern China for a 10 megawatt power plant.

The agreement to build a 10 megawatt HCGT power generating capacity represents the first stage of a two stage contract.

Stage two will involve the construction of an additional 20 megawatt capacity with the total 30 megawatts that will be produced being purchased by the Fuxin Coal Group under a twenty year power purchase agreement.

The Fuxin Coal Group is one of the largest coal companies in China, with Northern China coal resources accounting for 49.25% of the nationally available reserves. China is the biggest coal producer in the world with an output of over 1.9 billion tones of coal per year.

The contract is a coal mine methane utilisation project and as China produces over 10 billion m3 of methane emissions per year from coal mines, the HCGT process will demonstrate the efficient and environmentally compatible use of this resource in the production of electricity.

The Hybrid Coal and Gas Turbine (HCGT) developed in Australia was designated a Clean Coal Technology by the Australian and United States Climate Action Partnership.

The United States, Australia, China, India, Japan, and South Korea recently launched the Asia-Pacific Partnership on Clean Development and Climate. The objective is to advance the goal of developing and accelerating the deployment of cleaner and more efficient technologies and practices.

The Partnership is a groundbreaking climate change approach bringing together key developed and developing countries on practical, pro-growth, technology-driven efforts. It was established in 2002 and involves countries that account for about half of the world's population and more than half of the world's economy, energy use, and greenhouse gas emissions.

This Partnership builds on existing multilateral climate initiatives including the Carbon Sequestration Leadership Forum, the International Partnership for a Hydrogen Economy, and Methane to Markets partnership.

The Methane to Markets Partnership was designed to serve as a framework to promote cost-effective, near-term methane recovery internationally through partnerships among developed countries, developing countries, and countries with economies in transition.

The purpose of this initiative was to create a voluntary, non-binding framework for international cooperation to advance the recovery and use of methane as a valuable clean energy source to increase energy security, enhance economic growth, improve air quality, improve industrial safety, and reduce greenhouse gas emissions throughout the world.

The Partnership will focus on the development of strategies and markets for the recovery and use of methane through technology development, demonstration and deployment.

The Clean Coal Technology HCGT power plant will benefit the environment and reduce airborne pollution to produce electricity. This project is recognized as a Clean Development Mechanism (CDM) in China and is a significant development towards a cleaner and sustainable environment.

HCGT uses coal waste and ventilated air methane (VAM) to produce electricity. This can significantly reduce fugitive methane gas emissions from underground coal mines and potentially save the coal mining industry millions of dollars annually in reduced expenditure for managing waste coal.

This project is a very important first step to demonstrate the production of electricity in an environmental and economically responsible way while demonstrating compliance with the objectives of the partnership.

EESTech was awarded the marketing rights to establish the required power generating capacity using the HCGT technology by ComEnergy Pty Ltd and its partners who have developed the Hybrid Coal and Gas Turbine (HCGT) over many years.

An outstanding asset of the HCGT technology is its ability to convert coalmine methane into carbon dioxide and earn Green House Gas Abatement Credits, an additional income source.

For contact details and further information please visit the EESTech, website: http://www.eestechinc.com/

Released on behalf of EESTech Inc., by Dennis Rutzou Public Relations (http://www.drpr.com.au/).

For further information please contact Dennis Rutzou on (+612) 9413 4244. Forward Looking Statement:

This media release includes statements that may constitute 'forward- looking' statements. The statements can generally be identified by phrases such as EESTech, Inc or its management 'believes' 'forecasts', 'estimates' or other words or phrases of similar import. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Similarly, such statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are forward-looking statements.

Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from forward-looking statements.

Factors which would cause or contribute to such differences include, but are not limited to our ability to recruit and retain key personnel, the availability of funding for future operating requirements, our ability to protect our intellectual property, our ability to secure contracts for the installation of our products and our ability to develop and operate such projects successfully.

We urge you to carefully consider these factors and the information detailing other factors (which could cause actual results to differ materially) included in EESTech, Inc.'s forms 10Q and 10K filed with the SEC. The forward-looking statements are based on current expectations and neither the Company nor its management assumes any obligation to update these statements.

EESTech Inc.

CONTACT: Dennis Rutzou, +612-9413-4244, for EESTech Inc.

Web site: http://www.eestechinc.com/http://www.drpr.com.au/

Source: PRNewswire-FirstCall

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