The JV aims to install three 10-megawatt Hybrid Coalmine Gas Technology power plants in India over a five-year period.
The electricity produced will be targeted for Indian coal mining companies in 20-year contracts, while excess capacity will make it to the national power grid.
The plants will cost an estimated $US65 million, potentially generating revenues for the JV of more than $25 million per year from the sale of electricity and carbon credits.
EESTech noted some of the green credentials of the technology.
“By using the methane, which is 21 times more damaging to the environment as a greenhouse gas than carbon dioxide, HCGT can generate over 250,000 tons of carbon credits per year,” EESTech said.
EESTech spokesperson Joanna Gitsham told International Longwall News the company was pursuing opportunities with Australia’s underground coal sector.
EESTech has previously signed a memorandum of understanding with AGL Energy to establish a demonstration project using HCGT.
Gitsham said EESTech was also working with a number of power companies in China to set up projects testing HCGT and carbon capture technology, including Datong Coal Mine Group and Tianjin DaGang Huashi Power Generation Company.
She added that EESTech was Australian-owned but US-listed.
