Mercuria Energy Group Supports the First Clean Development Mechanism (CDM)
Project in Guinea

GENEVA, July 13 /CNW/ - Mercuria is pleased to announce the signing of a forward sale contract of more than 1,000,000 (1 million) carbon credits between The Ministry of Environment and Sustainable Development of The Republic of Guinea and Mercuria Energy Group, a leading international energy company. The transaction will be under the guidelines of the United Nations. This project is the first CDM activity undertaken in Guinea.

Emission Reductions underlying this transaction will be generated by the installation of anaerobic digesters in order to treat and transform the organic fraction of Conakry's waste into renewable electricity. Spread over several sites, this system will create new jobs, improve urban sanitation and public health. One of the intentions is to try to reduce the spread of diseases such as Cholera.

Mercuria Energy Group CEO Marco Dunand says, "This an innovative project, the first of its kind in Guinea. We are very pleased to be part of this process and be partnering with the Government of Guinea. This is a clear example of how sustainable development can be paired with a commercial energy project. It also shows Mercuria's growing commitment to business in Africa."

Mercuria - http://www.mercuria.com

SOURCE MERCURIA ENERGY GROUP LTD

For further information: For further information: Patrick Prendergast, pprendergast@mercuria.com, +41-22-594-7000; Benita Sirone, bsirone@mercuria.com

Organization Profile

MERCURIA ENERGY GROUP LTD

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890