Biogas Nord AG
Biogas Nord AG: Biogas Nord AG expanding to Romania
Biogas Nord AG / Key word(s): Incoming Orders 31.07.2012 / 08:49 --------------------------------------------------------------------- * A 3 MW biogas plant in Romania * Contract value - EUR 6.6 million * Biogas Nord Power AG - 30% equity owner * A high return achieved by the use of the BiNoLiquifeed-technology Bielefeld, July 31th 2012. Biogas Nord AG, the leading provider of turnkey biogas solutions, is expanding its activity to the Romanian market by entering into a construction agreement for a biogas plant with a total electrical power of 3 MW. The plant is situated in the area Satu Mare, northwest Romania, and the total contract value is approximately EUR 6.6 million. The plant is expected to be commissioned at the end of 2012 or at the beginning of 2013. Biogas Nord Power AG has decided to invest in the plant, receiving 30% of the shares in the SPV which owns the plant. This is in line with the Company's long-term strategy of generating revenues by owning and operating its own plants, thus offsetting the seasonal fluctuations within the European construction sector. The electricity produced by the plant, owned by Biogas Nord Camin SRL, will be fed into the public grid, while the generated heat will be used by a large greenhouse. By using the BiNoLiquifeed-technology, the substrate quantity is significantly reduced, and higher gas yields will be achieved. The plant is expected to generate a 30% IRR. 'We are delighted to begin construction on this 3MW project, one of the largest plants in Romania,' explains Razvan Serachitopol, Biogas Nord's Romanian Country Manager. 'The Romanian biogas sector has a huge potential. The conditions for biogas plant operators are excellent due to the abundance of high-quality substrates. Furthermore, EU subsidies and green certificates offer additional economic incentives. We plan to expand and to intensify our marketing and sales activities in Romania in the medium and long term.' 'The investors looked for a turnkey provider possessing international expertise and flexible, customised plant concepts which suit the local conditions and meet the specific requirements of the area. Biogas Nord is exactly this type of company. Furthermore, the BiNoLiquifeed-technology provides numerous benefits such as an increased gas yield, reduced retention time and significantly lower operation costs,' said Alexander Rechter, CEO of Biogas Nord AG. About Biogas Nord Biogas Nord AG is a global company building turn-key biogas plants all overthe world. Established in the year 2000 and headquartered in Bielefeld, Germany, Biogas Nord has constructed to date more than 350 biogas plants worldwide,in Germany, Belgium, the Czech Republic, the Netherlands , the USA, Italy, the UK, Belarus, Ireland, Thailand, Cuba, Romania and Latvia. The company provides solutions in all areas of biogas technology, starting with concept development, operation and feasibility analysis, detailed design and planning, provision of approvals and licenses, construction andcommissioning, and finally operation, management, and service and maintenance. Biogas Nord's sophisticated plant technology has proven itself throughout the years as durable, flexible and reliable. Its concepts are adapted to local conditions and coupled with the optimised use of efficient, high-grade components. Optimal operating results are achieved by a fermentation technology designed for flexible substrate selection, combinedwith low operating costs and a high gas yield. Further efficiency increases for each plant are achieved through the integration of a heat recoverysystem. Biogas Nord is a public company, traded on the Frankfurt Stock Exchange since November 2006. It is operating in Germany through its subsidiary Biogas Nord Anlagenbau GmbH, in Spain through Biogas Nord España S.L., inItaly through Biogas Nord Italia S.R.L., in Poland through Biogas Nord Polska Sp. z o. o., in France through Biogas Nord SAS, in the UK through Biogas Nord UK Ltd. and in Korea through Biogas Nord Korea Ltd. Disclaimer This Corporate News is intended solely for informational purposes and does not constitute a solicitation to buy, hold or sell securities.This Corporate News may contain forward-looking statements. Forward-looking statements are statements that are not historical facts. They include statements about our beliefs and expectations. These statements relate to the current plans, estimates and forecasts currently available to the Biogas Nord AG management. Forward-looking statements therefore only apply on the day they were made. By their nature, forward-looking statements harbor risks and possible uncertainties. Various known and unknown risks, uncertainties and other factors could mean that the actual results, the financial situation,the development or the performance of the company greatly differs from the estimations published here. These factorsinclude those described by Biogas Nord AG in its published reports. These reports are available on the Biogas Nord website at www.biogas.de. We assume no liability whatsoever to update these forward-looking statements or to adjusted them in line with future events or developments. Company contact: BIOGAS NORD AG Werningshof 2-4 D-33719 Bielefeld Tel. +49 (0)521 - 96 33 - 0 info@biogas-nord.de www.biogas-nord.com Investor Relations contact: GFEI mbH Hamburger Allee 26-28 D-60486 Frankfurt Tel. +49 (0)69 - 74 30 37 - 00 biogasnord@gfei.de www.gfei.de End of Corporate News --------------------------------------------------------------------- 31.07.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Biogas Nord AG Werningshof 2-4 33719 Bielefeld Germany Phone: +49 (0)521 557 507 - 0 Fax: +49 (0)521 557 507 - 33 E-mail: info@biogas-nord.de Internet: www.biogas-nord.de ISIN: DE000A0HHE20 WKN: A0HHE2 Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt End of News DGAP News-Service --------------------------------------------------------------------- 179683 31.07.2012
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