Project Registration

Camco International Ltd
20 March 2007



  Camco 12.3 million carbon credit energy efficiency project registered by CDM
                                Executive Board
                                        

Camco International, ('Camco'), today announces the registration of the 12.3
million tonne CO2 emissions reduction 'Jinan Iron and Steel Group Corporation
Combined Cycle Power Plant Project', the largest energy efficiency project
developed under the CDM to date.

The project reduces greenhouse gas emissions through the capture and utilisation 
of waste gases from steelworks.

Camco partnered with the Jinan Iron and Steel Group Corporation, one of China's 
largest steel producers, to develop the project and successfully navigate the 
CDM qualification process. The project has started operations and is expected to 
produce 12.3m tonnes of carbon credits from 2007 to the end of 2012. In October 
2006, Camco successfully facilitated an Emissions Reduction Purchase Agreement 
('ERPA') for the commercialisation of carbon credits to be generated by the 
project.

Camco assisted its client in developing the project design document (PDD), 
securing the appropriate government approvals, supporting the validation work, 
and securing project registration. Camco will continue to support the client 
during the operation of the project, in particular with regard to the required 
monitoring activities, in order to ensure the delivery of carbon credits 
throughout the project life-cycle.


Tristan Fischer, Camco's CEO said:

'The registration of this project represents the culmination of many milestones
achieved over the past year: the project has finished construction, it is
operational and the carbon credits have been commercialised. This project is now
expected to produce carbon credits every year until 2012.

Securing this registration further demonstrates why the carbon industry recently
voted Camco the Best Project Developer of 2007.'


For further information please contact:

Camco International Limited               [phone]
Tristan Fischer, Chief Executive Officer
Scott McGregor, Chief Financial Officer

Press

Gavin Anderson                            [phone]
Ken Cronin/Kate Hill/Janine Brewis


Notes to Editors

For more information about the project, please see: 
http://cdm.unfccc.int/Projects/registered.html


About Camco

Camco works with companies in the developing world to identify and develop
greenhouse gas emission reduction projects, managing the entire process from
project initiation to the delivery of carbon credits for sale in the
international market. Camco is a market leader in China and Russia - two of the
largest potential markets for Carbon Credits - as well as in Eastern Europe and
Africa.

Our strategy is to utilise our expertise in managing and delivering carbon
credits on a local basis in an international arena. By doing this our aim is to
increase our overall carbon portfolio in terms of both volume and value.

Camco was voted by carbon industry participants as the 'Best Project Developer
of the Year' at the Carbon Market Insights Conference held in Copenhagen in
March 2007.




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