ECG Econergy Intl

    RNS Number : 8251U
  Econergy International Plc
  20 May 2008
   

    


    20 May 2008

    Econergy International PLC 

    Cambria Coal Mine Methane Capture Project Commissioned 

    Econergy International PLC ("Econergy International"), a renewable Independent Power Producer (IPP) focused primarily in the Americas
and Vessels Coal Gas, Inc., ("VCG"), a US-based company acquiring and developing coal bed methane assets (jointly, "the Companies") are
pleased to announce that Vessels Econergy Cambria 33 Resources, LLC ("Cambria 33"), the Companies' coal mine methane capture project in
Pennsylvania, was commissioned on 12 May 2008 and is delivering natural gas into the Dominion Peoples local distribution pipeline.  VCG
operates the project.

    Cambria 33 will generate revenue from the sales of natural gas, which is priced at around $11.00 per mcf in the month of May and carbon
credits as verified emissions reductions (VERs) which are sold in the U.S. and European voluntary markets.  The project is estimated to sell
approximately 300 million cubic feet of natural gas annually over the 12 year life of the project.  The gas is currently being sold at a
price based on the New York Mercantile Exchange.
      
    Cambria 33 is a 50-50 joint-venture between the Companies, with a total investment value of approximately $6.5 million. VCG is
headquartered in Denver, Colorado and focuses primarily on coal bed methane producing assets and operations in Rocky Mountain and
Appalachian coal basins.  

    Tom Stoner, CEO of Econergy International, said: 

    "Cambria is Econergy International's first development project to come on line and represents a significant milestone in the Company's
progress. The U.S. remains one of the largest untapped markets for project-based greenhouse gas emission reductions and we are pleased to be
at the forefront of this exciting market."

    For further information visit: www.econergy.com

    Contacts:

 Econergy International PLC
 Tom Stoner, Chief Executive Officer  Tel: +1 303 473 9007

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



    NOTES FOR EDITORS

    Econergy International

    Econergy International is a renewable Independent Power Producer (IPP) with operations throughout 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 Latin American portfolio to date includes the acquisition and development of hydroelectric and wind power projects in
Bolivia, Brazil, Mexico and Costa Rica. In the US, 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 shareholders. 

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