EnviTec Biogas AG / Contract
28.02.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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EnviTec Biogas awarded major contract in India
- Construction of biogas plants with an electricity output of 30 megawatts
- Total contract worth over EUR 30 million
Lohne, February 28, 2008 - EnviTec Biogas AG [ISIN: DE000A0MVLS8, WKN:
A0MVLS] of Lohne, Lower Saxony in Germany, is additionally gaining a
foothold worldwide: The company has been awarded a contract in the
dynamically growing Indian market for the first time via its - 50 percent -
joint venture in that country. The state-owned energy utility PEDA (Punjab
Energy Development Agency) has placed an order with the consortium 'Green
Planet Energy Pvt. Ltd', in which EnviTec is involved as the biogas
partner, for the delivery of biogas facilities with an electricity output
of 30 megawatts in Punjab, the countrys largest industrial state. The
order will be executed by EnviTec Biogas India Pvt. Ltd, Bangalore.
With a total value of over EUR 30 million, the contract provides for the
delivery of 30 one-megawatt biogas plants, which are to be assembled across
Punjab over the next two years. Work on building the first few plants is to
commence in March of this year.
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Information and Explaination of the Issuer to this News:
'This contract marks a milestone in our internationalization strategy,'
explains Olaf von Lehmden, CEO of EnviTec Biogas AG. 'Indian has gigantic
energy requirements as one out of two households in rural regions does not
have any electricity. With biogas plants as a non-centralized source of
energy, we are able to make a real difference.
Generating electricity from biogas is part of a 160 megawatt renewable
energies project which the consortium 'Green Planet Energy Pvt. Ltd', in
which EnviTec Biogas is involved, has been awarded. The project as a whole
will create around 15,000 jobs in Punjab including 5,000 in connection with
the biogas plants.
Investor relations:
Joanna Rode
EnviTec Biogas AG
Tel: +49 44 42 80 65-118
E-Mail: ir@envitec-biogas.de
Press contact:
Fabian Lorenz, Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 36 90 50-56 /-31
E-Mail: f.lorenz@hoschke.de, g.pauli@hoschke.de
DGAP 28.02.2008
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Language: English
Issuer: 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@envitec-biogas.de
Internet: www.envitec-biogas.de
ISIN: DE000A0MVLS8
WKN: A0MVLS
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: EnviTec Biogas awarded major contract in India
| Source: EQS Group AG