Camco International Ltd
25 May 2007
25 May 2007
Camco's ESD Awarded Carbon Management Contract for 45 Local Authorities
Camco International Ltd (Camco), via its wholly owned subsidiary ESD Ltd (ESD),
has been awarded a contract to provide 45 local authorities in the UK with
advice on how to reduce their carbon emissions.
The contract worth around £650,000 will see the provision of consultancy support
over the next year to the Carbon Trust's Local Authority Carbon Management
Progamme. The Programme, which is in its fifth year, now has the largest ever
number of local authorities participating. This is the fourth year in which ESD
has supported the programme, in collaboration with its partner Hitachi
Consulting Ltd, formerly known as Impact Plus Ltd.
The public sector as a whole is estimated to be responsible for some 10% of UK
carbon emissions, with the Local Government sector the largest single
contributor. The programme enables Local Authorities to calculate their carbon
emissions baseline, create a business case for reduction, identify and quantify
emissions reductions projects, build a prioritization plan for implementation
and embed carbon management in their policies and strategies. Since the
initiative was first put in place, plans have been developed to reduce Local
Authority CO2 emissions by some 530,000 tonnes per year, with identified savings
from individual authorities increasing each year.
Camco's CEO Jeff Kenna said: 'We are delighted to be able to continue our long
association with the Carbon Trust's Local Authority Carbon Management Programme.
The programme has already identified significant savings from Local Authorities
across the country and we look forward to being able to build on that progress.
This is an important part of the UK's contribution to the fight against climate
change and reinforces our work on carbon management in the private and public
sectors.'
David Potter, Chairman of Camco said 'This success underlines the logic of our
acquisition of ESD and reinforces Camco's leading position in the climate change
industry. The proposed extension of emissions trading as outlined in the Energy
White Paper means that there will be an increasing demand for carbon management
services.. We believe that ESD's skills and expertise in this field will help us
grow our business in UK and other developed country markets.'
For further information please contact:
Camco International Limited +44 (0) 20 7256 7979
Jeff Kenna, Chief Executive Officer
Scott McGregor, Chief Financial Officer
Press
Gavin Anderson +44 (0) 20 7554 1400
Ken Cronin/Kate Hill/Jodie Reilly
Nominated Advisor
KBC Peel Hunt Ltd +44 (0) 20 7418 8900
Jonathan Marren/David Anderson
About Camco (www.camco-international.com)
Camco works with companies in the developing world to identify and develop
greenhouse gas emission reduction projects, managing the entire process from
project initiation to the delivery of carbon credits for sale in the
international market. Camco is a market leader in China and Russia - two of the
largest potential markets for Carbon Credits - as well as in Eastern Europe and
Africa.
Camco has one of the largest carbon credit portfolios in the world, consisting
of 70 projects under exclusive contract with the potential to deliver over 118.8
million carbon credits through to 2012. Camco was voted 'Best Project Developer'
in a survey of carbon industry participants undertaken by Point Carbon.
About ESD (www.esd.co.uk)
ESD was established in 1989 and since then has helped to define policies and
implement projects in the mitigation of climate change. It provides advisory and
consulting services, working with Government's, NGO's and private sector
enterprises. ESD also undertakes project development work, both for its own
account and in joint ventures. ESD has a staff of over 120 people working in 8
offices across the UK, Eastern Europe and Africa. In 2006, ESD was voted one of
the Financial Times top 50 'Great Places to Work'. Greenergy International Ltd
is a minority shareholder in ESD Ltd.
ESD Ventures (ESDV) works in partnership to develop carbon reduction businesses
and projects in the UK, China and Africa. ESDV works at its own risk and takes
success fees and equity stakes in the client business. The current ESDV
portfolio includes wind farm development, biomass project development and land
use projects all of which may generate carbon credits.
This information is provided by RNS
The company news service from the London Stock Exchange