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Baños V, Hydroelectric Power Plant is certified to issue and trade Carbon Bonds


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-01-23 01:02:00 -

Volcan  Compañía Minera S.A.A.  informed that Hydroelectric Power Station, Baños
V,  located in Huaral, Lima, has been successfully registered to issue and trade
carbon bonds under Clean Development Mechanism (CDM) of the Kyoto Protocol.

"We  are pleased to announce that our run-of-river Hydro electrical Power Plant,
Baños V, with a 9,2 MW of capacity, has received registry confirmation from the
United Nations Framework Convention on Climate Change (UNFCCC)" said José Estela
Ramirez, Volcan's Energy Manager.

Baños  V is the Company's second hydro electrical project to start operations in
the  last 3 years.   This central  generates enough  energy to  cope with 50% of
Chungar's  (a Volcan Group's Company)  electricity requirements, thereby Chungar
becomes  a  Mine  which  is  supplied 
with 100% renewable energy.  The energy produced by Baños V is equivalent to the electrical supply for more than 20,000 Peruvian homes, and, because it is clean and renewable energy, the amount of CO2 not emitted is also equivalent to remove 7,000 cars from circulation. Volcan's Energy Manager, Mr José Estela, remarked that this certification "shows that mining companies are friendly with the environment and projects like Baños V are internationally catalogued as renewable energy, that means that they inject clean energy and renewable to Peru, contributing to reduce the emissions of greenhouse gases, from the energy matrix of our country, at a time when there is a growing demand for energy.  The certification of Baños V will allow the issuing of about 35k carbon bonds per year, which could be traded in foreign markets". Volcan Group has 41 MW in Hydro electrical Power Plants in operation and has other immediate hydro electrical projects for about 60MW, which shows the strong Company's commitment with the generation of renewable energy. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: VOLCAN COMPAÑIA MINERA via Thomson Reuters ONE [HUG#1672324]


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