Clean Power Projects Ltd. (CPP) was incorporated in August, 2002 as Power Asset Modelling Ltd. Our original business plan was to market our extensive experience of international power project development including our experience of developing power projects in China. In particular, we were looking to take advantage of some sophisticated financial modelling tools that we had developed.

In December, 2002 we became involved in the Hatfield IGCC Project and were introduced to the concept of Carbon Capture and Storage (CCS). We were also introduced to Jacobs Engineering UK Ltd. (Jacobs) who were acting as technical consultants to the project and are experts in the design and engineering of coal gasification plant.

In 2004 Jacobs invited us to join a consortium which was applying for funding from the DTI’s “Cleaner Coal Technology Programme” for a study involving coal gasification and CCS [“The GEM™ Study”]. Following the completion of this study in early 2006 we decided to modify our business plan and apply our skills and know-how to the development of coal gasification based power generation with CCS. At the same time we changed our company name to reflect this change of emphasis.

We currently have an agreement with Powerfuel Power Ltd. which makes us responsible for the financial modelling of the Hatfield IGCC Project as it prepares to enter the UK government’s competition for CCS projects. We are also trying to develop relationships with Chinese companies who are involved in coal gasification based power generation with CCS.