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Econergy Intl. Plc (ECG)

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Friday 24 August, 2007

Econergy Intl. Plc

Turbine Supply Agreement

Econergy International Plc
24 August 2007

Press release
For immediate release
24 August 2007

                           Econergy International PLC

    Proyecto Eolico Guanacaste (PEG) Project Signs Turbine Supply Agreement

Econergy International PLC ("Econergy International" or "the Company"), a
renewable Independent Power Producer (IPP) focused primarily in the Americas, is
pleased to announce two significant developments with its 49.5 MW PEG wind
project in Costa Rica.

•                     Signed turbine supply and installation agreement with
ENERCON GmbH ("ENERCON") for fifty-five E-44/900 kW turbines; and

•                     Signed PartnerKonzept (O&M) agreement with ENERCON for an
11-year period that begins once PEG starts operations in 2008.

In 2006, Econergy and its partners, Saret de Costa Rica, S.A. and juwi GmbH (the
"Consortium"), submitted a bid to supply 49.5 MW of wind energy to Instituto
Costarricense de Electricidad ("ICE") in a competitive tender for a 20-year
Build, Own, Operate and Transfer contract. The Consortium now has a signed
agreement with ENERCON to supply and install fifty-five E-44/900 kW Wind Energy
Converters. In addition, the Consortium and ENERCON have signed an EPK (O&M)
agreement whereby ENERCON will provide PEG with a comprehensive operation,
maintenance and spare parts agreement for an 11-year period once PEG commences
operations in 2008.

Details of PEG were included in the final results for the year ended 31 December
2006 announced on 10th May 2007. Econergy now expects the project to annually
generate approximately 245,000 MWh, reflecting the exceptional load factors at
this excellent wind site, and 37,000 Certified Emissions Reductions (CERs),
increases of 23 per cent and 76 per cent respectively from our previous
estimates. The total estimated project cost for PEG has risen 10 per cent to
$103 million.  Econergy's interest in the project is 45.9 per cent. We continue
to anticipate that the project will enter into partial commercial operations,
24.3 MW, during the fourth quarter of 2008, with the remainder coming on line in
the fourth quarter of 2009.

Tom Stoner, CEO at Econergy commented:

"The PEG project represents the third supply contract Econergy International has
signed with ENERCON or its subsidiary company, Wobben, for wind turbines in
Latin America.

These agreements continue to reinforce Econergy's reputation as one of the
leading renewable Independent Power Producers in the region with access to
quality OEM partners in a tight market for turbines." He added: "By signing the
O&M agreement, we are also reducing our project risk as we outsource safety
inspections, maintenance and repairs, among other activities, into the hands of
the experts who have engineered, tested and serviced this equipment. This all
ensures we are able to deliver our targeted output within our planned 

Stefan Lutkemeyer, Sales Director at ENERCON in Germany remarked:

"By signing the contract for the E-44/900 kW WEC, Econergy International, Saret
and juwi have made the right decision especially for such a high wind speed
project as the "La Gloria" Site. We are very content and proud to design the
first ENERCON wind farm in Costa Rica and Central America. Furthermore, we are
looking forward to a close collaboration with the developer of the PEG project.
We are hopeful that the newly-founded ENERCON service & maintenance company in
Costa Rica will maintain more wind farms in Central America in the near future."

Notes to Editors

Econergy International

Econergy International is a renewable Independent Power Producer (IPP) focused
primarily in the Americas. The Company's strategy is to develop, build, own and
operate renewable power plants as well as optimize clean energy assets that add
economic value. Econergy International's portfolio to date includes the
acquisition and development of hydroelectric and wind power projects in Bolivia,
Brazil, Mexico, Costa Rica and Chile. In the U.S., the Company's focus is on
generating renewable electricity from biomass resources including agricultural
wastes, dedicated energy crops, and municipal solid waste. Other sources of
renewable energy are explored according to the Company's investment strategy
which is built around delivering the optimal risk adjusted rate of return to

In addition to developing renewable power projects, Econergy International is
also actively engaged in the carbon markets and provides advisory services, all
of which give Econergy International its unique ability to source projects in
its core markets.

In February 2006, Econergy International PLC floated on AIM, a market operated
by the London Stock Exchange.

For further information visit:


Econergy International PLC
Tom Stoner, Chief Executive                                 Tel: +1 303 473 9007
Suzanna Rosenberg, Marketing & Communications Director      Tel: +1 202 822 4980

Dresdner Kleinwort                                          Tel: +44 (0)20 7623 8000
Michael Covington

Pelham Public Relations
Chelsea Hayes                                               Tel. +44 (0)20 7743 6675
Archie Berens                                               Tel. +44 (0)20 7743 6679

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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