EnviTec Biogas awarded major contract in India

Lohne, February 28, 2008 - EnviTec Biogas AG [ISIN: DE000A0MVLS8, WKN: A0MVLS] of Lohne, Lower Saxony in Germany, is additionally gaining a foothold worldwide: The company has been awarded a contract in the dynamically growing Indian market for the first time via its - 50 percent - joint venture in that country. The state-owned energy utility PEDA (Punjab Energy Development Agency) has placed an order with the consortium “Green Planet Energy Pvt. Ltd”, in which EnviTec is involved as the biogas partner, for the delivery of biogas facilities with an electricity output of 30 megawatts in Punjab, the country’s largest industrial state. The order will be executed by EnviTec Biogas India Pvt. Ltd, Bangalore.

With a total value of over EUR 30 million, the contract provides for the delivery of 30 one-megawatt biogas plants, which are to be assembled across Punjab over the next two years. Work on building the first few plants is to commence in March of this year.

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“This contract marks a milestone in our internationalization strategy,” explains Olaf von Lehmden, CEO of EnviTec Biogas AG. “Indian has gigantic energy requirements as one out of two households in rural regions does not have any electricity. With biogas plants as a non-centralized source of energy, we are able to make a real difference.

Generating electricity from biogas is part of a 160 megawatt renewable energies project which the consortium “Green Planet Energy Pvt. Ltd”, in which EnviTec Biogas is involved, has been awarded. The project as a whole will create around 15,000 jobs in Punjab including 5,000 in connection with the biogas plants.

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

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