18th Dec 2006 09:26
Econergy International Plc18 December 2006 Press Release For Immediate Release 18 December 2006 Econergy International PLC Econergy participates in Clean Energy Brazil PLC as co-investor, carbon developer and principal consultant Econergy International ("Econergy"), the clean energy and carbon developer,announces its participation in Clean Energy Brazil PLC (CEB) as a 5% owner inTemple Capital Partners, (the manager of CEB's funds). In addition, Econergy hasrights to process and broker all carbon credits (CERS) produced from projects inwhich CEB invests, and it shall serve as the principal consultant for CEB energyprojects. Econergy has various co-investment rights in certain CEB projects, andCEB has various co-investment rights in Econergy's future biofuels projects inBrazil. Econergy also has the right to develop co-generation facilities on thoseCEB ethanol projects where there is available capacity for third-partyco-generation. CEB, an investment company with a mandate to invest directly into Brazil's sugarand ethanol industry, today announced its first day of dealings on AIM and aplacing of 100 million shares each of £1. The broker and financial advisor toCEB was Numis Securities, which is Econergy's broker and NOMAD. CEB is principally a collaboration between Numis Securities, Czarnikow Sugar,one of the largest physical brokers of sugar in the world, and Agrop, a leadingsugar cane agronomy outsourcing company in Brazil. The Chief Executive Officerand joint owner of Agrop, Marcelo Junqueira, is founder of Econergy Brazil Ltda.Mr. Junqueira has left Econergy to serve as an advisor to Temple Capitalpartners, bringing with him members from Econergy's biofuels team and a pipelineof greenfield ethanol development projects in Brazil. Econergy's Sao Paolooffice continues with a staff of 15, focusing principally on carbon advisory andbrokerage, led by Francesca Cerchia. Tom Stoner, CEO of Econergy, commented: "Our agreements with CEB are an excitingdevelopment for our operations in Brazil, the projects in CEB's pipeline arevery promising and we are looking forward to co-investing with CEB on these andother investments. Marcelo Junquiera remains an important advisor to Econergy,and we wish him, and the entire CEB team, enormous success." --ENDS-- Further information, please contact: Econergy International PLC Tel: +1 (303) 473 9007 Tom Stoner Haggie Financial Tel: +44 (0)20 7417 8989 Peter Rigby Econergy International Econergy International, which is based in Boulder, Colorado, USA, has underdevelopment 40 clean energy projects throughout Latin America that may also sellcarbon credits under the Clean Development Mechanism. In addition to the carbontrades it brokers, it also takes equity stakes in projects which yield carboncredits. Typically these are clean energy investments in wind power, small-scalehydro, bagasse cogeneration, and other forms of clean energy. In February 2006, Econergy International PLC floated on the AlternativeInvestment Market of the London Stock Exchange. For further information visit: www.econergy.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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