Greenvironment receives first order from Romania

Greenvironment receives first order from Romania

ID: 40477

(firmenpresse) - - Microturbine approach wins due to low maintenance costs
- Attractive government incentives in Romania
- Advanced negotiations regarding five CHP projects with 800-1,000 kW electrical installed each in Romania alone

Berlin, 2nd August 2011 - Greenvironment Plc (WKN: A0YEKX / Symbol: GIV) today announced that it has received an order for a 200 kW Capstone microturbine for natural gas including other additional components as part of a cogeneration system. It was ordered by HospMed Project S.R.L., a Romanian energy service company, and will be installed at Medias Hospital in Medias, Romania. It is scheduled for completion in November 2011.

The cogeneration system serves a dual purpose of supplying electricity and heat to the facility that has around 335 beds (http://spitalulmedias.ro). HospMed Project S.R.L. will operate the system which will supply approximately 750 MWh electricity/year into the grid and 590 MWh electricity/year as well as 2,940 MWh heat/year to Medias Municipal Hospital.

Alexandra Toma, Managing Director of HospMed Project S.R.L., said: “Our efforts to provide the Medias population with high-quality, affordable medical services were forefront in our minds as we invested in this new equipment for the hospital. We wanted to make the best decision for the Medias patients and the bottom line of the hospital. We believe that a microturbine is the best economical decision in large part because of the lower maintenance costs.”

In Romania, Greenvironment is focusing primarily on the natural gas market. Romania has its own natural gas resources and due to the current privatization process, the market possibilities are very promising. The local presence is essential in order to get access to an annual market of more than 50 million Euro of new small-scale CHP plants.

Peter Dorner, COO of Greenvironment Plc, states: "The Greenvironment cogeneration system achieves a total efficiency slightly above 90 percent and saves the hospital around 10% of its annual energy costs. This is our first order from Romania for a cogeneration system using the Capstone microturbine. The Romanian market is developing very positively for us. At the moment, we are in advanced negotiations regarding five CHP projects with 800-1,000 kW electrical installed capacity each in Romania alone.”






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: 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 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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Bereitgestellt von Benutzer: irw
Datum: 02.08.2011 - 07:56 Uhr
Sprache: Deutsch
News-ID 40477
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