ARCHEA Biogas N.V.
ARCHEA Biogas N.V.: ARCHEA Biogastechnologie GmbH Lands Another Major Contract
ARCHEA Biogas N.V. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Eindhoven, 19. August 2008 – ARCHEA Biogas N.V., a full service provider of biogas plants hereby makes known that its subsidiary company, ARCHEA Biogastechnologie GmbH and swb Services GmbH & Co. KG today concluded an agreement to become general contractor for the construction of a new 536 kW biogas plant with swb Services GmbH & Co. KG. The 536 kW electric power plant in Wehye will generate approx. 4.2 million kWh of environmentally friendly electricity every year. This is equivalent to the consumption of over 1,000 3-person households for the 536 kW plant. The overall investment for the biogas plant amounts to 2.5 million Euros. The resulting heat from Biogas plants is to be made available to consumers in the immediate surroundings. In addition to maize sileage, the plant can also be operated on grass sileage, liquid manure, animal solids, and such. The incidental fermentation residue is considered valuable fertilizer for both agricultural and private uses (gardens). The owner of the biogas plant, the agriculturalist and entrepreneur Ralf Schierenbeck-Brüning, says: 'For the last three years, I have been planning to build this plant, and have been searching for capable partners to help realise it. Now I have the confidence that my lucky stars are in alignment.' To this, Stefan Weber, Managing Director of swb Services, adds: 'This project is a first, but very significant step for our young company. Now other plants will follow.' The basic contracts for the plant’s operations are available. Preparations and construction are soon to begin. The completion deadline for this plant is projected for the end of 2008. After the start-up phase, the biogas plant will go into full load, continuous operation in early summer 2009. ARCHEA Service GmbH, a 100% subsidiary of ARCHEA Biogas N.V., and with whom a 20-year contract is to be stipulated, will take over the servicing and the management of biological processes. Oliver Nacke, Senior Executive of ARCHEA Biogas N.V., says: 'With SWB, Abacus and other customers who we usually communicate only at the beginning of construction, we preside at the moment over a good customer portfolio to ensure the future of the ARCHEA Group. We still assume to achieve a positive EBIT to close out the 2008 financial year, despite postponements in investment decisions due to the revision of EEG (Act on Renewable Energy) 2008.' Further information about ARCHEA can be found online at www.archea.de. For more information, please contact our Investor Relations Team directly: ARCHEA Biogas N.V. Investor Relations T: +49 (0) 5152 525710 F: +49 (0) 5152 5257199 info@archea.de About ARCHEA Biogas N.V. ARCHEA Biogas N.V. works in the renewable energy sector, and, as a full-service provider of biogas plants together with cooperative partners, it covers the entire value chain in this field. The range of products and services reaches from planning and financing to the ensuing completion, and on to the marketing, service and upkeep of the plants. A technology developed and patented by ARCHEA is used in the plant’s construction. In the business year 2006, 17 biogas plants with a total electrical capacity of about 4.3 MW were planned. The biogas plants are financed on behalf of the agriculturalists through closed-end funds as well as through institutional investors. 19.09.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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