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E.ON Climate & Renewables and Bionersis Invest Over €6 million

E.ON logo E.ON Climate & Renewables (EC&R) and Bionersis will invest €6.6 million to reduce greenhouse gas emissions from the Nam Son landfill site near Hanoi in Vietnam. This is the second in a series of Clean Development Mechanism (CDM) projects jointly developed by the two companies.

The Nam Son landfill covers an area of more than 40 hectares and receives nearly 3,000 tons of domestic waste per day. Technology will be installed on site to capture methane, a powerful greenhouse gas, and prevent it from escaping into the atmosphere. In the future the methane recovered will also be use to generate electricity for the local area.

Over the project's 20 year lifetime, the equivalent of 4.5 million tonnes CO2 could be avoided. Commissioning of the first phase of the project is planned for the third quarter of 2010.

"Flexible mechanisms like the CDM are one of the most economically efficient ways to reduce greenhouse gas emissions and fight climate change" said Hervé Touati Managing Director of Carbon Sourcing, Emerging Technologies and New Markets at EC&R. "We aim to build a world class carbon sourcing business and our partnership with Bionersis is a major step in that direction".

"Bionersis is now established as the global leader for the development of CDM landfill gas projects" said Nicolas Heuzé, Chief Executive Officer of Bionersis. "Asia is a key market for us with several large opportunities, like Nam Son project that we recently took over, and we found with EC&R an excellent partner to help us pursuing and financing our growth in this region."

The partnership leverages the combination of EC&R's CDM and energy expertise with Bionersis' track record in originating, developing and operating CDM landfill gas projects. The first project in the partnership between EC&R and Bionersis is at Kamphaeng Saen in Thailand, one of the largest landfills in South-East Asia.

As part of its registration by the UN, the Nam Son project has already been approved by the Vietnamese authorities and a Project Design Document (PDD) was published by the UN on December 3, 2009. Rina Group, auditor accredited by the UN, has been appointed by Bionersis for validation and CDM registration of the project.

Published 18/03/2010

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