Greenvironment to build CCHP-plant in the Sun Plaza shopping mall in Romania
(firmenpresse) - - Microturbine solution unbeatable due to high thermal efficiency, availability and reliability as well as low noise levels, lack of vibrations and SCADA system
- Most efficient solution for heating and air conditioning based on absorption chillers
- Advanced negotiations regarding further 1 MW+ CHP projects
Berlin, 19th March 2012 - Greenvironment Plc (WKN: A1JLT1 / Symbol: GIV1) today announced that a letter of intent (LOI) for a 1.8 MW microturbine plant for natural gas including other additional components as part of a Combined Cooling, Heating and Power (CCHP) system was signed between TAI s.r.l., Greenvironment’s representative agent, and Societate Dezvoltare Comercial Sudului (SDCS) s.r.l., a company that manages real estate on behalf of the owner of the shopping mall property, Sparkassen Immobilien AG, part of Erste Bank Group (Austria).
The CCHP plant will be installed at the Commercial Center building of the Sun Plaza shopping mall (www.sunplaza.ro) in Bucharest, Romania. The installation and commissioning of the plants will be realized together with TAI s.r.l. (www.tai-cepc.ro) and other regional companies from Romania. The plant is scheduled for completion by the end of this year.
With approximately 80,000 square metre of lettable space, Sun Plaza is the largest shopping mall in Romania. It was developed by Sparkassen Immobilien AG (www.simmoag.at). Sun Plaza was opened in February 2010 and comprises of more than 130 shops. The shopping mall also has numerous cafes, a food court with 1,200 seats, a cinema centre, a bowling alley, a nursery school and a sports hall.
Sun Plaza is located in the south of Bucharest, at a place where two main traffic arteries meet- only 10 minutes (5.5 kilometers) from the city center. In addition to direct access to the metro, the mall has an excellent connection to the road network and to numerous forms of public transportation.
In December 2010, Sun Plaza received two CIJ Awards in the categories of “Best Shopping Centre Development” and “Best Overall Development”.
The CCHP plant will be operated by an energy service company (ESCO) that will build, own and operate it. The energy is being sold to the end customer SDCS. This ensures cost reductions regarding the overall energy bill, especially for the heat and cooling production within the shopping mall buildings. Last but not least it also lowers CO2 and NOx emissions.
Mr. Costanda as ESCO representative stated: “The technical and commercial solution that we are offering to our customer is based on the innovative technology and equipment provided by Greenvironment. It is not only satisfying the high efficiency cogeneration norms and standards in Romania but it actually exceeds them.”
“Romania is a very interesting market for Greenvironment. Especially in the field of industrial CHP sales and semi-industrial CCHP sales we now have been able to “break the ice”. We see a strong demand for our solutions and are in advanced negotiations regarding big projects that have very much similar needs compared to Sotchi or Sun Plaza. We are convinced that a microturbine is the best economical decision for a large shopping mall“, stated Matti Malkamäki, CEO of Greenvironment.
About Greenvironment
Greenvironment is a European company active in the decentralized energy generation market which plans, builds and operates cogeneration heat and power plants (CHP). The company offers CHP plants in a power range of 30 kWel to 4 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas. Greenvironment is an important distribution and technology partner of Capstone Turbine Corp. (Nasdaq: CPST), the world-market leader in the production of microturbines.
Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also the new CEO Blog in the investor relations sections of our website www.greenvironment.com.
For further information:
Michael Gawenda
CFO Greenvironment Plc
Tel.:+49 (0)30 311 6712 30
Fax:+49 (0)30 311 6712 59
E-Mail: IR(at)greenvironment.com
LEGAL DISCLAIMER
This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy any securities of Greenvironment Plc. This press release contains forward-looking statements based on the beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.
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