DGAP-News: CASSONA SE ensures that the coal-fired power plant in Mongolia fulfills highest technological standards (news with additional features)
(firmenpresse) - DGAP-News: CASSONA SE / Key word(s): Miscellaneous/Sustainability
CASSONA SE ensures that the coal-fired power plant in Mongolia
fulfills highest technological standards (news with additional
features)
14.10.2013 / 18:15
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CASSONA receives the support by the Ministry of Environment and Green
Development of Mongolia, which provides an Environmental Professional
Committee for the Tavan Tolgoi Power Plant Project
Frankfurt (14 October 2013) - CASSONA SE (COE) cares for the sustainability
of the coal-fired power plant project Tavan Tolgoi in Mongolia. Regarding
the environmental compatibility of coal-fired power plants, today there are
by far better pre-conditions than what was common just a few years ago.
Thanks to the use of state-of-the-art filter technology, the negative
impact on the environment can be reduced to a minimum. Therefor CASSONA has
received the approval by the Ministry of Environment of Mongolia to give
extended support to the Tavan Tolgoi Power Plant Project and to provide an
Environmental Professional Committee. The Ministry of Environment and Green
Development expects a detailed Environmental Impact Study, which shall be
conducted during the ongoing project development process. Since 2012, the
Ministry of Environment is headed by the prominent and internationally
highly respected Minister Dr Sanjaasuren Oyun, who studied in Prague and
earned a PhD from the University of Cambridge.
'Concerning the financing of large-scale projects, it is a matter of course
that aspects of sustainability always enjoy top priority', says Oliver
Walangitang, the Executive Director of CASSONA SE. 'We are very grateful to
the Mongolian government that there are not only the economical interests
but as well the comprehensive responsibility for the nature. For our part,
we attribute great importance to the use of approved cutting edge
technology to establish the construction of one of the most modern and
sustainable power plants, which can satisfy the highest demands.'
Coal continues to be the most important fossil energy source and has by far
the largest global total resources. With a share of 30.3% of global primary
energy consumption, coal was the second most important fuel in 2011 behind
crude oil. Coal was the most important fuel for power generation in 2010
accounting for about 40% of the global power generation (Deutsche
Rohstoffagentur, Energy Study 2012).
Mongolia is one of the ten richest nations in the world in terms of raw
materials. Its coal reserves are estimated to a volume of about 160 billion
tons. The Tavan Tolgoi coal deposits have estimated reserves of 6 billion
tons, 65% of which is believed to be high-grade coking coal (Verein der
Kohleimporteure, Annual Report 2012).
'We are understanding the ambitions of the Government of Mongolia very
well. Instead of exporting the own coal reserves by truck to China and in
exchange importing electrical power from China, it totally makes sense -
also from the ecological point of view - to transform the coal into then
clean energy in the own country', states Oliver Walangitang. China is known
as globally the second largest electricity producer, generating about 70%
of the electrical power from coal.
CASSONA is an investment corporation for targets of the business sectors
natural resources, mining and infrastructure. CASSONA is a European
corporation with domicile in Frankfurt Main. The shares are listed at the
regulated market of GXG Markets and they are traded at the Open Market of
Frankfurt Stock Exchange FWB and at Berlin Stock Exchange (ISIN
DE000A1C6T63).
CASSONA SE
Schubertstr. 14
60325 Frankfurt Main
Germany
ir(at)cassona.de
www.cassona.de
End of Corporate News
+++++
Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=BAWGOCAAXX
Document title: CASSONA News Release of 14 October 2013
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14.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: CASSONA SE
Schubertstrasse 14
60325 Frankfurt
Germany
Phone: 030 6150 82 151
Fax: 030 6150 82 152
E-mail: info(at)cassona.de
Internet: www.cassona.de
ISIN: DE000A1C6T63
WKN: A1C6T6
Listed: Freiverkehr in Berlin; Frankfurt in Open Market ; GXG
End of News DGAP News-Service
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234595 14.10.2013
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Datum: 14.10.2013 - 18:15 Uhr
Sprache: Deutsch
News-ID 305472
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