Launch of Powering Agriculture & Biomass Projects

RNS Number : 4922V

Camco Clean Energy PLC

13 December 2013

 



Camco Clean Energy plc  

Launch of USAID's Powering Agriculture, and Camco's Biomass Mini-Grids Projects

Camco Clean Energy's advisory business in Africa was this week formally announced by USAID in Washington as one of the winners of a Clean Tech funding award for Powering Agriculture.

Camco Clean Energy was one of twelve organisations chosen from a pool of 475 applicants and as previously referred to in our AGM statement of 17 September has won $1 million in funding, spread over a number of years, for its Biomass Mini-Grids Project aimed at establishing fifty agro-industry centres and village grids within Benin and Tanzania.  On this Project Camco is partnering with Village Industrial Power (VIP), a micro boiler technology manufacturer based in Vermont, USA.

USAID's Clean Tech funding award, Powering Agriculture, which across all participants totals $13 million, supports innovative projects aimed at integrating clean energy technology into the agriculture sectors of developing countries. 

The aim of the Biomass Mini-Grid Project is to accelerate agribusiness development (irrigation, processing, storage, etc.) by providing clean energy (mechanical, electricity, thermal) to local enterprises.  The project will involve constructing fifty biomass plants which will run exclusively off of agricultural waste (palm fibres, coffee and rice husks, cashew shells, cotton stalks, etc.) and provide 5,000 local families with a modern energy supply and improved business and social services.

For more information on the US AID award see;

http://www.usaid.gov/news-information/press-releases/dec-11-2013-usaid-announces-winners-clean-tech-award-powering-agriculture

For more information on Powering Agriculture see;

www.poweringag.org  

Enquiries:

 Camco Clean Energy plc  

 Scott McGregor, Chief Executive Officer                              [phone]

 Jonathan Marren, Chief Financial Officer

N+1 Singer (Nominated Adviser and Broker)                      [phone]

Andrew Craig

Ben Wright

About Camco Clean Energy

Camco Clean Energy plc (AIM: CCE) is an experienced project developer working to develop, construct, deliver and operate projects that contribute to building a sustainable future.

With more than 20 years of successful project delivery we help clients in Asia, North America, Africa and Europe to implement clean energy and emission reduction solutions, reducing costs and maximise financial and environmental benefits. We have an outstanding track record in technical delivery and commercial expertise, working with local industry, multinational companies, governments and regulatory bodies.

 

END

 

 

NRAMMMMZGFZGFZM