From le@ecosecurities.com Sat Dec 22 17:38:42 2001
Date: Thu, 22 Nov 2001 17:51:42 -0000
From: Le Chen
To: le@ecosecurities.com
Subject: (2-Ch) Guatemalan Hydroelectric facility enters into major
international green certificate transaction with Nuon
[ The following text is in the "iso-8859-1" character set. ]
[ Your display is set for the "US-ASCII" character set. ]
[ Some characters may be displayed incorrectly. ]
Guatemalan Hydroelectric facility enters into major international green
certificate transaction with Nuon
News Release ^Ö November 22, 2001
Los Angeles, US ^Ö EcoSecurities Ltd and E&Co, two leading environmental
finance firms, are pleased to announce the completion of the first
international green certificate transaction involving assets in a developing
country. The transaction, between Hidroelectrica Papeles Elaborados (HPE)
a hydro electric owner and operator in Guatemala, and Nuon, the largest
electricity distributor in the Netherlands, represents one of the largest
green certificate transactions to date, with Nuon committing to purchase
100% the environmental benefits of HPE for the next ten years. The
certificates are being transacted from HPE^Òs 8.2 MW run of river Poza Verde
facility in Guatemala and will be used by Nuon as part of its green energy
products.
Commenting on the transaction, Seb Walhain, Product Manager, Nuon Renewable
Energy, said, "we are pleased to keep expanding our certificate trading.
Nuon is committed to increasing renewable energy generation around the
world, through its own efforts and via transactions such as these^Ô
HPE^Òs CEO, Jaime Arimany stated, ^ÓFor a small developing country developer
and operator of renewable energy, it is gratifying to find the opportunity
to gain a benefit from international trading and environmental values. We
look forward to the opportunity to undertake further transactions along
these lines in the future^Ô
EcoSecurities Head of Brokerage, Jack MacDonald, commented that, "These
kinds of transactions have the potential to greatly increase market
liquidity for environmental values. They will help accelerate renewable
energy penetration and convince governments that global carbon reduction
targets are achievable^Ô. Marc Stuart, EcoSecurities Director stated,
^ÓEcoSecurities is committed to using all emerging market mechanisms to
maximize economic benefits to our clients and environmental benefits to the
global community.^Ô
Nuon, a multi-utility company with the largest client base in the
Netherlands, supplies electricity to over two and a half million customers;
many of whom receive their gas, heat and water services from Nuon as well.
A leader in Renewable Energy in the Netherlands, Nuon^Òs international
activities in renewable energy range from participation in green markets in
the United States and Germany, to building and operating renewable energy
projects in China, Germany, France, UK, India and Mali.
Hidroelectrica Papeles Elaborados SA (HPE) Project is an 8.2 MW run of river
project on the Aguacapa River in the township of Pueblo Nuevo Viñas,
department of Santa Rosa, Guatemala. HPE has a 10 year Power Purchase
Agreement (PPA) with Comercializadora Electrica de Guatemala (COMEGSA).
EcoSecurities is an environmental investment and advisory firm that
specializes in services to facilitate innovative environmental finance
solutions for renewable energy and other environmentally sustainable
processes. With over two dozen professionals spanning legal, policy
economic, technical and financial capacity through offices in the US, UK,
Netherlands, Brazil and Australia, the firm is led by individuals who have
been involved in the field since the first international emission reduction
projects commenced. EcoSecurities has successfully advised clients on the
transaction of emissions reductions to the Prototype Carbon Fund the
Netherlands ERUPT program, the private carbon reduction market and the
international green certificate market.
E&Co provides enterprise development services to assist the entrepreneur to
develop or refine the proposed business approach and to ensure the right
issues are being addressed from the human, financial and technical capacity
points of view. Where appropriate, E&Co provides significant assistance in
identifying co-financiers and/or later stage founders and works with the
sponsor in preparing and presenting submissions to these organizations.
Since 1994, E&Co has invested over $7.5 million in 60 enterprises in 28
developing countries.
For more information on EcoSecurities, please call
Marc Stuart Director EcoSecurities US
Telephone: (1) 909 621-1358 Fax: (1) 909 621-7438
Email: us@ecosecurities.com
In Europe, contact:
Lionel Fretz Director EcoSecurities UK
Tel: (44) 207 409 3325 Fax: (44) 207 495 4008
Email: lionel@ecosecurities.com
For more information on E&Co, please call
Gina Rodolico E&Co
Telephone: (1) 973-680-9100 Fax:(1)973-680- 8066
Email:Gina@energyhouse.com
For more information on Nuon, please call
Annemarie Goedmakers Director Nuon Renewables
Telephone: +31 (26) 8442143 Fax: +31 (26) 844 2186
For more information on Papeles, please call
Jaime Arimany CEO Papeles Elaborados S.A.
Telephone: + (502) 360-3103 Fax: + (502) 360-3123