Greenvironment receives record contract for the delivery of a 4 MW-microturbine plant from Russia
(firmenpresse) - -Largest order in company history
-4 MW-microturbine-plant for shopping center in the Russian city of Sochi
-Trigeneration-project (Coupling of power, heat and cooling)
Berlin 10th May 2011 – GGC Energy s.r.o., a 50% subsidiary of listed Greenvironment plc (WKN: A0YEKX / Symbol: GIV), signed a supply agreement for the delivery of a 4 MW-microturbine plant this week. The order volume amounts to 6.5 million Euro.
Contracting entity R7 Group, a Russian building company that also owns multiple hotels and another shopping center, with an area of approximately 12.000 square meters, in Adler, a district of Black Sea city Sochi. Next to this center „Novy Vek“ („New Century“), a new shopping center with an area of 30.000 square meters, as well as an office tower with estimated 14 floors (10.000 square meters office space), will emerge.
Contractor for the required power house is ENKOM a.s. (www.enkom.cz), a Czech engineering company, with long-time experience in the construction and sale of power plants in Russia. Greenvironment's subsidiary will deliver the whole energy solution for this center. This includes without limitation four C1000 Capstone-microturbines, heat exchangers, supplementary vessels and chillers. ABB's Czech subsidiary (www.ABB.cz) will assure the projects' complete automation. Assembly and commissioning will be carried out by Russian Capstone-distribution partner BPC Group (www.bpcgroup.ru) as well as additional regional companies.
Within the limits of this two-stage-project, it is planned to put the first microturbine into operation in the fourth quarter of 2011. Further three microturbines will be implemented in the summer of 2012. The project will be funded by banks and investors in the Czech Republic and Russia.
Richard Benda, CEO of ENKOM AG, comments: ”Microturbines have outstanding performance capabilities especially in cases, where demanding heat load is part of the installation. In this case we will have not only heating need, but also chilling. We look forward to other future projects with Greenvironment.”
Matti Malkamäki, CEO of Greenvironment plc, states: "The lately closed growth financing enabled us to handle significantly larger projects. This project is also a good evidence of the cooperation possibilities with our valued Capstone partners in Europe and abroad. This being the first one with BPC I also look forward to continue developing business together further. We are very confident to win further major contracts in the upcoming months due to the strong demand for CHP plants in Europe.”
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)30 311 6712 30
Fax:+49 (0)30 311 6712 59
E-Mail: IR(at)greenvironment.com
LEGAL DISCLAIMER
This publication serves information purposes and constitutes neither an offer to sell nor a solicitation to buy any securities of Greenvironment plc. The new shares offered in connection with the capital increase have already been placed. 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: 10.05.2011 - 09:30 Uhr
Sprache: Deutsch
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