Press Release today that they are looking at India.
© 2022 EnviroMission Ltd
238 Albert Road, South Melbourne, Victoria 3205, Australia
www.enviromission.com.au
24 February 2022
SHAREHOLDER UPDATE
ENVIROMISSION SIGNS JOINT VENTURE AGREEMENT FOR INDIA MARKET
EnviroMission Limited has signed a landmark joint venture agreement (JVA) with Dewan International
Limited and DP Solrenergy India Private Limited (SOLRE) for the granting of an exclusive licence to SOLRE
to develop EnviroMission’s Solar Cyclone Tower (SCT) renewable energy technology in the Republic of
India.
This agreement represents extensive consultations and negotiations informed by the terms of an
October 2021 memorandum of understanding (MOU) for the commercialisation of SCT technology in
India using a joint venture model. The JVA allows for the construction and operation of SCTs in India as
well as comprising a major step in the development of a working relationship, with further defining
documents to follow in the near future.
“This landmark agreement establishes the strong foundation that was envisaged by EnviroMission’s
founder and Executive Chairman, the late Roger Davey,” Pierre Koshakji, EnviroMission’s Executive Chair
said acknowledging Mr. Davey’s important role in achieving this joint venture.
“Mr. Davey and our partners recognised the opportunity and value from clean electricity, water
extraction and carbon capture available from EnviroMission’s SCT technology in India at a time of strong
social and political will that is reflected in India’s COP26 commitment.
“EnviroMission’s partners to the joint venture in India bring great enthusiasm, know-how and access to
resources necessary for the successful commercialisation of EnviroMission’s SCT technology,”
EnviroMission’s recently appointed Executive CEO, John Hassard, said in support of this agreement.
“The Dewan/SOLRE alliance considers this joint venture an historic opportunity for renewable energy
leadership on the global stage at a time when the legacy fossil-fuel economy is challenged to deliver the
many environmental, social and economic benefits that are available from emerging disruptive
technologies, which the SCT technology exemplifies,” Bipan Dewan, DP Solrenergy Chief Executive said
of the significance of the joint venture.
“This joint venture also represents exclusive, first to market opportunities, that we intend to seize for
the benefit of India and our shareholders. We are confident this will be a highly collaborative and
mutually beneficial commercial relationship with EnviroMission into the future,” added Mr. Dewan.
Ends
Enquiries: Kim Forte, EnviroMission Limited, +61414690356
