RED.L Regulatory News (RED)

25 May 2007 07:01

Camco International Ltd25 May 2007 25 May 2007 Camco's ESD Awarded Carbon Management Contract for 45 Local Authorities Camco International Ltd (Camco), via its wholly owned subsidiary ESD Ltd (ESD),has been awarded a contract to provide 45 local authorities in the UK withadvice on how to reduce their carbon emissions. The contract worth around £650,000 will see the provision of consultancy supportover the next year to the Carbon Trust's Local Authority Carbon ManagementProgamme. The Programme, which is in its fifth year, now has the largest evernumber of local authorities participating. This is the fourth year in which ESDhas supported the programme, in collaboration with its partner HitachiConsulting Ltd, formerly known as Impact Plus Ltd. The public sector as a whole is estimated to be responsible for some 10% of UKcarbon emissions, with the Local Government sector the largest singlecontributor. The programme enables Local Authorities to calculate their carbonemissions baseline, create a business case for reduction, identify and quantifyemissions reductions projects, build a prioritization plan for implementationand embed carbon management in their policies and strategies. Since theinitiative was first put in place, plans have been developed to reduce LocalAuthority CO2 emissions by some 530,000 tonnes per year, with identified savingsfrom individual authorities increasing each year. Camco's CEO Jeff Kenna said: "We are delighted to be able to continue our longassociation with the Carbon Trust's Local Authority Carbon Management Programme.The programme has already identified significant savings from Local Authoritiesacross the country and we look forward to being able to build on that progress.This is an important part of the UK's contribution to the fight against climatechange and reinforces our work on carbon management in the private and publicsectors." David Potter, Chairman of Camco said "This success underlines the logic of ouracquisition of ESD and reinforces Camco's leading position in the climate changeindustry. The proposed extension of emissions trading as outlined in the EnergyWhite Paper means that there will be an increasing demand for carbon managementservices.. We believe that ESD's skills and expertise in this field will help usgrow our business in UK and other developed country markets." For further information please contact: Camco International Limited +44 (0) 20 7256 7979Jeff Kenna, Chief Executive OfficerScott McGregor, Chief Financial Officer PressGavin Anderson +44 (0) 20 7554 1400Ken Cronin/Kate Hill/Jodie Reilly Nominated AdvisorKBC Peel Hunt Ltd +44 (0) 20 7418 8900Jonathan Marren/David Anderson About Camco (www.camco-international.com) Camco works with companies in the developing world to identify and developgreenhouse gas emission reduction projects, managing the entire process fromproject initiation to the delivery of carbon credits for sale in theinternational market. Camco is a market leader in China and Russia - two of thelargest potential markets for Carbon Credits - as well as in Eastern Europe andAfrica. Camco has one of the largest carbon credit portfolios in the world, consistingof 70 projects under exclusive contract with the potential to deliver over 118.8million carbon credits through to 2012. Camco was voted "Best Project Developer"in a survey of carbon industry participants undertaken by Point Carbon. About ESD (www.esd.co.uk) ESD was established in 1989 and since then has helped to define policies andimplement projects in the mitigation of climate change. It provides advisory andconsulting services, working with Government's, NGO's and private sectorenterprises. ESD also undertakes project development work, both for its ownaccount and in joint ventures. ESD has a staff of over 120 people working in 8offices across the UK, Eastern Europe and Africa. In 2006, ESD was voted one ofthe Financial Times top 50 'Great Places to Work'. Greenergy International Ltdis a minority shareholder in ESD Ltd. ESD Ventures (ESDV) works in partnership to develop carbon reduction businessesand projects in the UK, China and Africa. ESDV works at its own risk and takessuccess fees and equity stakes in the client business. The current ESDVportfolio includes wind farm development, biomass project development and landuse projects all of which may generate carbon credits. This information is provided by RNS The company news service from the London Stock Exchange