DGAP-News: EnviTec Biogas builds first biogas plant in Latvia
(firmenpresse) - EnviTec Biogas AG / Miscellaneous
25.08.2010 10:20
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International expansion moves ahead
EnviTec Biogas builds first biogas plant in Latvia
Lohne, 25 August 2010 - The advance of biogas in Eastern Europe continues
unabated. This trend benefits the European industry leader and the
technology leader in the construction of biogas plants. EnviTec Biogas AG,
based in Lohne in Lower Saxony, is building two biogas plants in
Latvia,thereby entering a new and highly promising market.
'We are delighted that our international expansion has enabled us to
undertake a project in Latvia which will certainly act as a kind of beacon
for the entire region,' says Roel Slotman, the Executive Board member in
charge of international sales at EnviTec Biogas AG. He adds that the Baltic
country's extensive farmland offers big potential for biogas and that the
attractive feed-in tariff set by the Latvian government has created strong
incentives for investment in biogas plants. 'We expect that the market for
biogas in Latvia will continue to evolve over the coming years and we are
excited to be part of this development right from the start,' Roel Slotman
said.
The sites for EnviTec's first two biogas plants in Latvia are located in
the western part of the country, not far from Liepaja, Latvia's third
largest city. The customer is the operator of a pig farm who has awarded
EnviTec a contract for the construction of two plants rated for an
electrical output of one megawatt each. The plants will be fed with pig
manure and renewable biomass. The methane is converted into electricity in
cogeneration plants whose heat output will serve to heat the sheds of his
pig farms.
Latvia is among the EU countries whose local power stations cannot cover
their own electricity requirements. The Baltic republic is also dependent
on natural gas imports. The country therefore intends to build local energy
supplies through growing use of renewable energies. The feed-in
remuneration paid for biogas amounts to the equivalent of between 18 and 22
cents per kilowatt hour.
About EnviTec Biogas AG
EnviTec Biogas AG covers the entire value chain for the production of
biogas - including the planning and turnkey construction of biogas plants
as well as their commissioning. The company provides the biological and
technical service, and also offers full plant and operating management. In
Güstrow, in the German state of Mecklenburg-
Western Pomerania, EnviTec Biogas built the world's largest plant for the
production of biogas to natural gas standards with a thermal output of 55
megawatts. In addition, the company also operates its own biogas plants.
Today, the company is represented in more than 15 countries throughout
Europe, as well as in India. EnviTec Biogas generated revenues of EUR 120
million and EBIT of EUR -0.5 million in 2009. The EnviTec Group currently
has 411 employees. EnviTec has been listed on the Prime Standard segment of
the Frankfurt Stock Exchange since July 2007.
Press contact:
Thomas Bolte
EnviTec Biogas AG
Tel: +49 25 74 88 88 -198
E-Mail: t.bolte(at)envitec-biogas.de
Investor Relations:
Olaf Brandes
EnviTec Biogas AG
Tel: +49 44 42 80 65 -118
E-Mail: ir(at)envitec-biogas.de
25.08.2010 10:20 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: EnviTec Biogas AG
Industriering 10a
49393 Lohne
Deutschland
Phone: +49 (0) 44 42 - 80 65 0
Fax: +49 (0) 44 42 - 80 65 103
E-mail: info(at)envitec-biogas.de
Internet: www.envitec-biogas.de
ISIN: DE000A0MVLS8
WKN: A0MVLS
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Hannover, Stuttgart
End of News DGAP News-Service
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Datum: 25.08.2010 - 10:20 Uhr
Sprache: Deutsch
News-ID 32063
Anzahl Zeichen: 0
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Kategorie:
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