REH.L Regulatory News (REH)

28 Mar 2008 12:04

Renewable Energy Holdings plc28 March 2008 28 March 2008 Renewable Energy Holdings plc ("REH" or "the Company") CETO Proposed Desalination Project Renewable Energy Holdings plc (AIM: REH), the investor and operator of provenand innovative renewable energy technologies, is pleased to announce thatearlier today its CETO development partner, Carnegie Corporation Limited ("Carnegie") of Perth, Australia, announced it has been short listed to continueto the next stage of the contracts establishment process for the supply of theTranche 2 Renewable Energy to the Southern Seawater Desalination Plant ("SSDP")at Binningup in Western Australia. Commenting on the development, Mike Proffitt, Chief Executive of REH said: "The Board of REH is particularly pleased by this development as it believesthat this represents another vote of confidence in the commercial viability ofthe CETO technology, this time to be applied in the desalination of sea water, aparticularly important process in areas with limited fresh water supplies suchas Western Australia. In addition, if Carnegie is mandated on the developmentat of the SSDP at Binningup, this project will yield a free carry equityposition and a royalty payment for REH in the future under the terms of itsCollaboration Agreement with Carnegie previously announced on 10th August 2007." For further information please contact: Mike Proffitt, Chief ExecutiveRenewable Energy Holdings plc Tel: 01624 641199 Richard SwindellsNabarro Wells - Nominated Adviser to REH Tel: 020 7710 7400 Katherine Roe / Ashton ClanfieldPanmure Gordon - Broker to REH Tel: 020 7459 3600 Emma Kane / Samantha Robbins / Paul DulieuRedleaf Communications Tel: 020 7822 0200 About Renewable Energy Holdings • Renewable Energy Holdings is an international company established to be an operator of, and undertake active investment in, both proven and innovative renewable energy technologies. • REH owns two operational wind farm sites is Germany, Kesfeld (32.5MW) and Kirf (8MW). In addition, REH is at various stages of development of further wind farm sites in Poland and Wales. • REH owns a 1MW methane Landfill Gas Project in Powys, Wales. • CETO is REH's innovative wave power technology. It is the first wave power converter to sit on the seabed, where it is invisible, safe from storms and ocean forces, and self contained. Unlike other wave energy technologies that require undersea grids and costly marine qualified plant, CETO requires only a small diameter pipe to carry high pressure seawater ashore to either a turbine to produce electricity, or to a reverse osmosis filter to produce fresh water. • The Directors and executive team of REH have extensive experience in both the conventional and renewable energy sectors, both in the UK and overseas, and through their experience have built a broad international network of relationships with individuals, companies, governments and lobby groups. • The Company was incorporated in the Isle of Man on 8 October 2004 and listed on the London Stock Exchange's AIM Market in February 2005. • Further information can be found at www.reh-plc.com About Carnegie Corporation Ltd Carnegie Corporation Ltd is an ASX-listed (CNM) company focused on developingand commercialising clean energy technologies. Carnegie is currently developingfour clean energy technologies: CETO Wave Energy, Cleaner Coal Power, a solarthermal and a wind turbine aerofoil technology. Carnegie is focused ondeveloping and investing in clean energy technologies that will lead to revenuegenerating projects globally. This information is provided by RNS The company news service from the London Stock Exchange