Business
Camco projects in China
Camco projects in China.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n Camco International Ltd\n01 June 2006\n\n\n Camco International projects receive Chinese government approvals\n\n\nJune 1, 2006: Camco International (Camco) is pleased to announce that, following\nits successful AIM Admission, the Designated National Authority of the Chinese\nGovernment has issued letters of approval (LoAs) under the Clean Development\nMechanism (CDM) for four renewable energy projects being developed by Camco's\nclients in the country.\n\nThe projects, totalling 142 MW, were co-developed by Chinese project developers\nand Camco, assisted by the Chinese Renewable Energy Industries Association\n(CREIA).\n\nCarbon credits generated by these wind and small-hydro projects are expected to\ntotal over 1.8 million carbon credits in the period to 2012.\n\nTristan Fischer, CEO, commented: 'Receipt of LoAs is an important step in the\ncomplex CDM process. Camco is extremely pleased to be working with projects that\nbring benefits in line with the sustainable development objectives of the\nChinese government. We expect these projects to be registered by the CDM\nExecutive Board in the coming months.'\n\n\nContact:\n\nCamco International Limited\n\nTristan Fischer, CEO 020 7256 7979\n\nGavin Anderson & Company (for media enquiries)\n\nKen Cronin/Janine Brewis 020 7554 1400\n\n\nNotes for Editors:\n\n\nAbout Camco International\n\nCamco works as an originator, developer and manager of carbon credits, working\nwith clients to convert carbon credit opportunities into assets of value in\ninternational emissions trading markets.\n\nCamco's key markets are China and Russia, where the company has significant\nexpertise and which are two of the largest potential markets for the generation\nof carbon credits.\n\n\nAbout Carbon Credits\n\nCarbon Credits are used to meet compliance targets under the Kyoto Protocol and\nrelated climate change legislation. In order to mitigate the effects of global\nwarning, signatories to the Kyoto Protocol have agreed to reduce their \ngreenhouse gases emissions to below 1990 levels.\n\nThis can be done either by taking domestic action or buying credits from\ndeveloping countries such as China (under the Carbon Development Mechanism) or\ndeveloped countries such as Russia (under the Joint Implementation Programme\n(JI)).\n\n\n This information is provided by RNS\n The company news service from ...