Camco projects in China

Camco International Ltd 01 June 2006 Camco International projects receive Chinese government approvals June 1, 2006: Camco International (Camco) is pleased to announce that, following its successful AIM Admission, the Designated National Authority of the Chinese Government has issued letters of approval (LoAs) under the Clean Development Mechanism (CDM) for four renewable energy projects being developed by Camco's clients in the country. The projects, totalling 142 MW, were co-developed by Chinese project developers and Camco, assisted by the Chinese Renewable Energy Industries Association (CREIA). Carbon credits generated by these wind and small-hydro projects are expected to total over 1.8 million carbon credits in the period to 2012. Tristan Fischer, CEO, commented: 'Receipt of LoAs is an important step in the complex CDM process. Camco is extremely pleased to be working with projects that bring benefits in line with the sustainable development objectives of the Chinese government. We expect these projects to be registered by the CDM Executive Board in the coming months.' Contact: Camco International Limited Tristan Fischer, CEO 020 7256 7979 Gavin Anderson & Company (for media enquiries) Ken Cronin/Janine Brewis 020 7554 1400 Notes for Editors: About Camco International Camco works as an originator, developer and manager of carbon credits, working with clients to convert carbon credit opportunities into assets of value in international emissions trading markets. Camco's key markets are China and Russia, where the company has significant expertise and which are two of the largest potential markets for the generation of carbon credits. About Carbon Credits Carbon Credits are used to meet compliance targets under the Kyoto Protocol and related climate change legislation. In order to mitigate the effects of global warning, signatories to the Kyoto Protocol have agreed to reduce their greenhouse gases emissions to below 1990 levels. This can be done either by taking domestic action or buying credits from developing countries such as China (under the Carbon Development Mechanism) or developed countries such as Russia (under the Joint Implementation Programme (JI)). This information is provided by RNS The company news service from the London Stock Exchange
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