Clean-coal investment adds power to Victoria

VICTORIA'S brown coal industry will benefit from a multimillion-dollar investment flowing into clean-coal technology company Exergen. Indian multinational company Tata Power and Australian engineering services company Sedgman yesterday announced their investment at Beaconsfield, Tasmania, the site of Exergen's pilot plant. They join foundation investor Thiess. The size and conditions of the investment are being kept confidential, but the money will help fund a $20 million engineering study to be conducted over the next eight to nine months.