EnviTec Biogas AG

Regulatory Filings • Jun 12, 2008

News Details

Corporate | 12 June 2008 08:54

EnviTec Biogas wins contracts in Czech Republic

EnviTec Biogas AG / Contract

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EnviTec Biogas wins contracts in Czech Republic:
Germany’s neighbour offers ideal conditions for biogas

• Contract volume totals approx. EUR 7 million

• High feed-in rates and 15-year guarantee make the market attractive

• Turnkey biogas plants for Czech farmers

Lohne, 12 June 2008 – Germany’s EnviTec Biogas AG [ISIN: DE000A0MVLS8] has
crossed yet another border. In the neighbouring Czech Republic, the company
will build three biogas plants with a rated electrical output totalling
approx. 2.6 MWel. The total contract volume amounts to roughly EUR 7
million and will be reflected in sales revenues in 2008. The first plant is
to go online in late summer of this year. The order was placed by three
large agricultural businesses. Just like Germany, the Czech Republic
promotes renewable energy in general and biomass in particular. Since the
beginning of this year, the government has granted feed-in rates of 15.5
cents per kW, which are guaranteed for 15 years. In addition, special
funding is available for the construction of biogas plants.

But it is not only the favourable and reliable legal environment which
makes the Czech Republic attractive for biogas. In addition, the country
has a large number of agricultural businesses, most of which are much
larger than their German counterparts and have sufficient input materials.
This also applies to the livestock sector, which allows large quantities of
liquid manure to be used for the operation of biogas plants. Up to now,
liquid manure has been stored in open lagoons, from which large quantities
of environmentally hazardous methane gas were released. This can be avoided
in future. Moreover, larger amounts of waste from the sugar beet industry
will be used, which will reduce the amounts of renewable resources used in
biogas plants and cultivated on the country’s farmland.

'The plants will partly be based on modern cogeneration concepts,' says
Hendrik van der Tol, Managing Director of EnviTec Biogas Central Europe
s.r.o. In Lipa, a 500 kWel plant will be built, whose exhaust heat will be
fed into the district heat network and be used by the local school. The
exhaust heat of a 1 MWel plant built in Valovice will be converted into
electricity. This will be the first use of the Organic Rankine Cycle (ORC)
process in the Czech Republic. 'This will increase the energy yield by
roughly 15 percent,' explains Hendrik van der Tol. In addition, the farmers
can use fermentation residues instead of the fertiliser they used to
purchase, which allows them to cut their costs. Two of the plants will be
realised as turnkey projects, which means that EnviTec Biogas will take
care of all project stages - from planning and infrastructure to the
construction of the technology building to the start-up of the plant - and
hand the turnkey plants over to the customer.

The Czech Republic’s commitment to renewable energies is reflected not only
in high government subsidies but also in the fact that banks provide full
financing for biogas plants. The issue of local energy supplies is
increasingly gaining importance in the Czech Republic as a result of the EU
climate protection target and the country’s exit from nuclear energy. 'Our
market entry has been successful. We are convinced that these contracts are
only the beginning of the biogas success story in the Czech Republic,' says
Olaf von Lehmden, CEO of EnviTec Biogas.

About EnviTec Biogas:
EnviTec Biogas AG covers the entire value chain for the production of
biogas - including the planning and turnkey construction of biogas plants
as well as their commissioning. The company provides the biological and
technical service and also offers the full plant and operating management.
In addition, the company also operates its own biogas plants. In Penkun, in
the German state of Mecklenburg-Western Pomerania, EnviTec constructed the
world's largest biogas park with an electrical connected load of 20
megawatts. Today, the company is represented in more than 14 countries
throughout Europe and as well in China and India. In 2007 EnviTec generated
revenues of EUR 132 million and EBIT of EUR 18 million. The EnviTec Group
has about 280 employees. Since July 2007 EnviTec is listed on the Prime
Standard segment of the Frankfurt Stock Exchange.

Investor Relations: Joanna Rode, EnviTec Biogas AG, Tel: +49 44 42 80
65-118, E-Mail: ir@envitec-biogas.de

Press contact: Fabian Lorenz, Grit Pauli, HOSCHKE & CONSORTEN Public
Relations GmbH, Tel: +49 40 36 90 50-56 /-31, E-Mail: .f.lorenz@hoschke.de;
g.pauli@hoschke.de

12.06.2008 Financial News transmitted by DGAP

Language: English
Issuer: EnviTec Biogas AG
Industriering 10a
49393 Lohne
Deutschland
Phone: +49 (0) 44 42 - 80 65 0
Fax: +49 (0) 44 42 - 80 65 103
E-mail: info@envitec-biogas.de
Internet: www.envitec-biogas.de
ISIN: DE000A0MVLS8
WKN: A0MVLS
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

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