Greenvironment plc to Establish 50/50 Joint Venture in Czech Republic
(firmenpresse) - -Strong local partner Gascontrol
-Acceleration of project roll-out
-Target areas: Czech Republic / Poland
Berlin, July 28th, 2010 – After successful commissioning of the first microturbine plant in Havirov (Czech Republic), Greenvironment plc (“GIV”) has proved its durability during nearly four months of operating time. The microturbine running with natural gas produces 65kW electrical power and 130kW thermal heat.
The successful test of the first microturbine paved the ground for a long-term strategic cooperation with a strong local partner to minimize risk and accelerate project roll-out. Greenvironment and Gascontrol společnost s r.o. (http://www.gascontrol.cz) have now agreed on creating a 50/50 joint venture based in Havirov for the roll-out of decentralized microturbine power plants in the Czech Republic and Poland.
Greenvironment will provide the CHP plant technology and know-how, centralized operational as well as maintenance services to the joint venture and benefits from the economic value of its 50 percent share in this joint venture. The short-term goal of the JV is the installation of 4.5 MW electrical power until 2011.
“We as Gascontrol Group have defined the microturbine technology to be one of our future core technologies in energy generation. We are convinced about microturbines to be a clean, efficient and reliable technology for the combined heat and power generation. With a group turn-over of 35 million Euro in 2009, the move into power generation is only a logical step”, said Mieczyslaw Molenda, founder and director of Gascontrol.
Peter Dorner, COO of Greenvironment plc, stated as follows: “This is a great step in our strategy towards growing our business in Eastern Europe. The Czech Republic provides a clear opportunity for distributed power generation due to European Union political and financial support and infrastructure investments needed in competing solutions. With Gascontrol we have a solid partner for both targeting the local markets and also gaining the technological back-up for complex CHP-installations in Eastern Europe.”
About Gascontrol
Since its foundation in June 1992, Gascontrol has specialized on research, production, assembly and service of gas pipelines, water supplies and sewerage equipment for the Czech Republic. Gascontrol provides its services to small consumers, industrial companies, distribution companies as well as for cities and municipalities. More information can be found at http://www.gascontrol.cz.
About Greenvironment
Greenvironment is a European company active in the decentralized energy generation market and plans, builds and operates cogeneration heat and power plants (CHP) utilising microturbine technology. The company offers CHP plants in a power range of 30 kWel to 1 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas.
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: www.greenvironment.com.
For further information:
Matti Malkamäki
CEO Greenvironment plc
Tel.:+49 (0)30 20 65 879 - 0
Fax:+49 (0)30 20 65 879 - 19
E-Mail: IR(at)greenvironment.com
Legal Disclaimer
This press release contains forward-looking statements based on 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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Datum: 28.07.2010 - 08:24 Uhr
Sprache: Deutsch
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