Accelerated rate of approval for Camco’s projects
Camco International Limited (‘Camco’, AIM:CAO), a global developer of emission reductions and clean energy projects, announces today that it is seeing tangible benefit from the high rate of registration of emission reduction projects by the CDM Executive Board to date in 2011. Four wind farm projects developed by Camco in China have reached registration in less than 6 months from the Global Stakeholder Consultation stage compared to an average of 17 months for the equivalent process last year. This is due to a combination of Camco’s ongoing project development capabilities and an acceleration of the UNFCCC process in the last year.The projects are located in the Autonomous Region of Ningxia Hui and are expected to reduce emissions by 90,000t and 95,000t CO2 annually. Yariv Cohen, President of Camco commented, “The increase in the rate of registrations of CDM projects is the result of a long process of improvement by the UN. We believe the process will continue to accelerate as more measures are put into place. The record registration time enables more projects to be approved by the UN before 2013 and provides a strong boost the development of clean energy projects worldwide.”Enquiries:Camco +44 (0)20 7121 6100Scott McGregor, Chief Executive Officer Shirona Partem, Investor Relations Singer Capital (Nominated Adviser and Broker) +44 (0)20 3205 7628Jonathan Marren M:Communications (Public Relations Advisor) Charlotte Kirkham +44 (0)20 7920 2331Elly Williamson +44 (0)20 7920 2339Patrick d'Ancona +44 (0)20 7920 2347 Notes to editors:About CamcoCamco International Limited (Camco, AIM: CAO) is a global developer of emission reductions and clean energy projects with operations in the US, the UK, China, Africa, Russia and SEA.Camco has a 20-year track record in project development, technical delivery and policy development, working with local industry, multinational companies, governments and regulatory bodies.The Carbon Project Development business has created one of the largest emission reductions portfolios and has structured groundbreaking and innovative arrangements for the sale and delivery of emission reductions to compliance and voluntary buyers.Camco's Clean Energy Project Development and Investment teams collaborate with industry, project developers, equipment providers and investor groups to create emissions-to-energy projects and maximise sustainable energy production across a range of industries; including agricultural methane, industrial energy efficiency, coal mine methane, municipal solid waste, biomass and landfill gas.The Energy and Carbon Advisory teams provide strategic, commercial and technical expertise accrued over two decades to deliver low carbon energy and sustainable development solutions.www.camcoglobal.com
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