Biogas Nord AG
BIOGAS NORD – First Self-owned plant
Biogas Nord AG / Miscellaneous 27.01.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- BIOGAS NORD - First Self-owned plant +++ The Company's first biogas plant in Grimma, has started its production on Dec. 2009 +++ Investments in other plants under discussion +++ The Company's extensive range of services includes project development and finance brokerage Bielefeld, 27 January 2010. BIOGAS NORD AG has started operating its first own biogas plant - a new business segment was added into the Company's portfolio of activities. The Company took its first steps in this sector in December 2009, connecting its first biogas plant to the grid. Construction of the plant started on last summer with a total electrical power of 500 kW/h in the Eastern German town of Grimma. The plant, with a total investment of a EUR 2.6 million, is owned in majority by BIOGAS NORD AG and is operated in cooperation with the project management company and biogas plant operator Bio.S Biogas. 'The company expects a long term source income by operating its own plants and by investing in biogas projects. This is going to generate income for us and for our partners long after the construction phase of a plant has been completed,' explains Management Board member Ms. Drouianov. 'This segment of operation is expected to generate more predictable and sustainable income on the long run.' 'Investments in biogas projects and finance brokerage services for construction projects have been added to the already extensive service range of Biogas Nord AG. These additional services round off our product range and put us in the position to offer potential customers a comprehensive all-in-one package for implementing their biogas projects - from the initial concept and project financing to plant commissioning and support with daily operations,' explains Kai H. Roth, in charge of the Project Development department of BIOGAS NORD Anlagenbau GmbH and the Managing Director of the newly founded project company Bio.S Biogas Grimma GmbH & Co. KG. BIOGAS NORD's partner, Bio.S Group, already operates its own biogas plant in the region and aims to use this partnership to further expand its business in the biogas sector. 'The cooperation with BIOGAS NORD has provided us with new opportunities for developing and implementing biogas projects, particularly when it comes to financing,' says Jens Liebscher, Managing Partner of Bio.S. and Managing Director of Biogas Grimma GmbH & Co. KG. Bio.S and BIOGAS NORD AG are currently planning other joint projects and hope to implement at least one additional Project during this year. About BIOGAS NORD BIOGAS NORD AG is one of the largest technology suppliers in the biogas industry. The services provided by the enterprise and its more than 100 employees encompass all areas of biogas technology, from concept development, detailed planning, construction of facilities, to operations and support services. More than 200 biogas facilities have been planned, built or developed since 1995. Currently about 40 additional biogas facilities are in the construction, approval or planning phase in Germany, the Netherlands, England, Italy, Spain and Poland. European Business Partners Sp. z o.o. (EBP), a Polish holding company, is the largest shareholder of BIOGAS NORD AG. 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 Aktiengesellschaft Hamburger Allee 26-28 D-60486 Frankfurt Tel. +49 (0)69 - 74 30 37 - 00 biogasnord@gfei.de www.gfei.de 27.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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