EnviroMission Limited

Recent Media Releases

11 November 2002

Monday 11 November 2002
For Immediate Release

LEIGHTON CONTRACTORS AND EnviroMission
SIGN HEADS OF AGREEMENT

Leighton Contractors and EnviroMission today announced that a Heads of Agreement has been signed between the two companies and technology provider Energen Global Inc to pursue profitable, large-scale renewable energy power stations for the Australian and International electricity markets.

The two year Heads of Agreement allows Leighton Contractors to work exclusively with EnviroMission to determine the development viability of the first Solar Tower power station in Australia.

EnviroMission Chief Executive Officer, Roger Davey said, "Our aim is to lead the renewable energy market with new energy technologies that do not consume fuel resources or produce greenhouse gas emissions.

"We are very pleased to be working with Leighton Contractors and taking this important next step to developing Solar Tower electricity projects in Australia," said Roger Davey.

As the exclusive design and construction contractor, Leighton Contractors will undertake a feasibility study and other due diligence activities over the next six months for the first Solar Tower, likely to be located at Buronga in NSW, with a potential value of about $1 billion.

EnviroMission is a renewable energy developer that owns the exclusive licence to innovative Solar Tower power station technology in Australia. Development of the technology will deliver grid connected renewable energy infrastructure into the energy market in an Australian world first that will be capable of powering up to 200,000 households with clean green power that will abate over 900,000 tonnes of greenhouse gases annually.

Energen is a major shareholder of EnviroMission and provided the company with the exclusive licence to German designed Solar Tower technology in Australia.

Leighton Contractors is an Australian market leader in the delivery of complex infrastructure, project development, building, contract mining and construction. The company currently has in excess of $2 billion worth of work in hand and employs over 2,000 people.

End

For further information, please contact:
Kim Forte
Communications Manager
EnviroMission Limited
T: (03) 8823 5305, M: 0414 690356

Annie Stante
Manager, Corporate Affairs
Leighton Contractors
M: (0413) 316 948
www.leightoncontractors.com.au

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