Thenergo settles jatropha assets in Thailand
(Thomson Reuters ONE) - 20 January 2010 - 18h00 CET - Gereguleerde InformatieAntwerpen - As Thenergo (Euronext Brussels: THEB) focuses on its core businessof producing electricity and heat, the company has been working progressivelytowards a final settlement of all jatropha related activities and subsequentliabilities in Thailand. Thenergo reached important agreements with majorsuppliers and contractors, regarding its jatropha activities in Thailand. Thejatropha related investments resulted in a write-off of EUR 3 million in 2008 andEUR 2 million in H1 2009.An agreement was reached with the supplier of equipment for the jatropha-oilproduction plants. Both local project companies in Thailand have been sold. Inaddition the services agreement with the local partner was ended. Thesetransactions result in a final settlement that ends the liabilities of Thenergo.In order to secure Thenergo's feedstock procurement with regard to bio-oils,Thenergo is undertaking far-reaching discussions with bio-oil suppliers andpotential partners for its CHP production plants."We are very pleased with these final settlements in Thailand. We have turned animportant page in the history of Thenergo which enables us to fully concentrateon future development and profitability of our company in Belgium and itsneighboring countries." says Norbert Van Leuffel, Chairman of the Board ofDirectors.These events follows Thenergo's focusing on its core business which is thegeneration of electricity and heat based on the CHP technology in decentralizedpower units. Today Thenergo has an operational portfolio of 78 Mwe and 199 MWth,equivalent to the energy needs of 107,169 households and saving 141,914 tonCO(2) on a yearly basis. With this portfolio Thenergo produces 375,095 MWhe on ayearly basis.About ThenergoBased in Belgium, Thenergo is a fast growing, fully integrated and independentdeveloper and operator of sustainable energy projects using biogas, natural gas,bio-oil and woody biomass. Thenergo creates value for its partners andshareholders as a one-stop provider of sustainable energy solutions,transforming renewable fuels into electricity and heat.For more information, please contact:Chris BelienGeneral Counsel & SecretaryT.: +32 3 292 96 99Chris.belien(at)thenergo.eu
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Datum: 20.01.2010 - 12:03 Uhr
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