Enerji Ltd. (ERJ:ASX), the Australian partner of Opcon, the energy and environmental technology Group, announced today that it had completed its first power purchasing agreement for sales of electricity based on Opcon Powerbox technology.

Agreement has been reached with Horizon Power, a State Government-owned power company in Western Australia, and follows the memorandum of understanding announced in October 2010. Opcon Powerbox will be installed at Horizon Power’s Carnarvon power station in the Gascoyne region of Western Australia. Greg Pennefeather, Managing Director of Enerji, describes the agreement as the most significant milestone in the company’s history so far.

“With customers such as Horizon Power and secure finances, we now view Enerji’s prospects in Australia with increased optimism. Opcon Powerbox provides improved energy efficiency with both environmental and economic benefits. This applies especially in places such as Western Australia, with its mines and isolated towns, and where power supplies are currently based on local, fossil fuel-based electricity production at high cost,” says Rolf Hasselström, President and CEO of Opcon.

For further information, read Enerji’s press release at www.enerji.com.au

Enerji Ltd. is a green utility whose business concept is to sign agreements with customers to sell electricity produced by Opcon Powerbox from waste heat at the customer’s plant. In its revised business plan from the autumn 2010, Enerji states that by 2013 the company aims to have an installed base of up to 18 MW, which corresponds to about 25 Opcon Powerbox.

A part of Opcon’s focus on Waste to Value, Opcon Powerbox is Opcon’s proprietary product for production of carbon-free electricity using primarily waste and surplus heat starting at temperatures of 55° C. Opcon Powerbox can be installed at plants in the process industry, power plants and on large diesel engines both at land and on sea. Opcon Powerbox can produce up to 6,000 MWh per year.

For further information, please contact
Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. +46 8 466 45 00, +46 70 592 54 53

Opcon AB, Box 15085, 104 65 Stockholm, Sweden
Tel. +46 8 466 45 00, fax +46 8 716 76 61
e-mail: info@opcon.se

www.opcon.se

The Opcon Group

Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource-effective use of energy.

Opcon has activities in Sweden, China, Germany and the UK. There are around 410 employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group comprises two business areas:

Renewable Energy focuses on generating electricity from waste heat, bioenergy, systems for handling natural gas, industrial cooling, recycling of heat, drying of biomass, treatment of flue gases, handling systems for biomass, etc., air systems for fuel cells and measurement and monitoring of processes.

Engine Efficiency focuses on energy-efficient solenoid technology and ignition systems for combustion engines including ethanol, natural gas and biogas engines.

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