Meinl International Power Ltd.

Meinl International Power Limited: Two additional investments in renewable energy projects in the Czech Republic and Spain

@@start.t1@@--------------------------------------------------------------------------------   ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for   the content of this announcement. --------------------------------------------------------------------------------@@end@@

investments

St. Helier, Jersey (euro adhoc) - Financial investor Meinl International Power Ltd. (MIP) invests in two further renewable energy projects. MIP raises the total number of investments to nine with a participation in a Czech wind park and the purchase of a Spanish solar plant further strengthening its position as an energy investor.

MIP is investing EUR 13 million into the "La Punta" solar project on La Palma, Canary Islands, in Spain. The solar park will have a planned minimum output of 1.9 MWp as well as an option for future capacity expansion,  and is expected to be connected to the electricity grid before the end of September 2008, in order to benefit from the Spanish feed-in tariff for solar electricity. The plant was developed and planned by Solantis S.A. as part of a larger project that aims to meet 100% of the energy demand on the island of La Palma from renewable sources. Stelio Solar, an experienced German solar energy company, is managing the construction project.

In the Czech Republic, MIP is acquiring a 51% stake in the Mlynsky Vrch wind park in the western part of the country. The Czech ECOFinance Group s.r.o. acts as project developer and co-owner. The plant will have an output of 8 MW and represents a total investment of EUR 12.5 million. The start of operations is planned for the year 2009.

About MIP Meinl International Power:

Since the summer of 2007 the Company has been listed on the 3rd Market of the Vienna Stock Exchange and invests in renewable and conventional power projects. MIP is currently pursuing a number of solar and wind power investment opportunities in Europe. At present, the company is building two solar-power plants in Spain and holds stakes in three wind-power projects in Slovakia, as well as in a wind park in Germany and in a gas-fired power plant in Hungary. The total investment volume of all signed projects amounts to EUR 418 million, with part of the capital being provided as bank loans.

@@start.t2@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

ots Originaltext: Meinl International Power Ltd.
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Investor Relations
Meinl Power Management SK s.r.o.
Phone: +421 2 526 217 80
Fax: +421 2 526 211 31
E-Mail: iroffice@meinlpower.com

Branche: Energy
ISIN:      AT0000A05W59
WKN:        
Index:    other listings
Börsen:  Wiener Börse AG / Third Market



Weitere Meldungen: Meinl International Power Ltd.

Das könnte Sie auch interessieren: