FARMINGDALE, N.Y., Sept. 13, 2007 — Cemtrex Inc. (OTC: CTEX) announced today that it plans to set up a 20 MW wind farm project to generate green energy in south India. The proposed wind farm project shall have 13 wind turbines of 1.6 MW capacity each and will generate approx. 18000 carbon credits per year. Cemtrex will set up an Indian subsidiary to develop this turnkey project.
"India is currently the fifth largest wind power producer in the world and has gross wind energy potential estimated at 45,000 MW," said Arun Govil, President & CEO of Cemtrex Inc., "and we have identified the site that would allow us to sell two-thirds of the power for captive consumption and the rest into the electricity grid."
Cemtrex is engaged in manufacturing and selling the most advanced instruments for emission monitoring of particulate, opacity, mercury, sulfur dioxide, nitrogen oxides, etc. Cemtrex also provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to the Kyoto Protocol and assists project owners in the selling of carbon credits globally. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
For further information, please contact:
Cemtrex Inc.
19 Engineers Lane
Farmingdale, NY 11735
URL:
Email: Email
(516) 816-1400
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