Dutch govt. to buy carbon credits at 11 LatAm power projects - Regional

Published: Wednesday, March 19, 2003 14:44 (GMT -0400)

By Business News Americas staff reporters

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The Dutch government will buy carbon credits from 11 Latin America and Caribbean power projects as part of a worldwide program that covers 18 sustainable energy projects and forms part of its commitment to the Clean Development Mechanism (CDM) of the Kyoto Protocol, Holland's spatial planning and environment ministry (VROM) announced.

The 18 projects aim to cut CO2 emissions by 16 megatons. Holland is committed to reducing its greenhouse gas emissions by 6% between 2008 and 2012, compared with 1990 levels, meaning that it will have cut 200 megatons of CO2 emissions.

Half of these cuts must be achieved in Holland, and carbon credit trading is one way in which the government can meet the other 50% of its commitment. The government expects CDMs to account for two-thirds of the international commitment.

The VROM will now submit the approved projects to the CDM Executive Board of the United Nations Convention on Climate Change (UNFCCC) for approval and registration, so that the trading of emission reductions can take place. This final step will take another 6-9 months, VROM said.

The projects are:

The Catadunva sugar mill in Brazil's Sao Paulo state, which plans to generate 15MW and sell the 12 MW surpluses to the grid. Local distributor CPFL has already signed a letter of intent for a long-term PPA.

The 20.7MW Wigton wind project in Jamaica, being developed by state oil company Petrojam.

Increasing capacity factor at the 300MW Fortuna hydro plant in Panama, owned by the Americas Generation Corporation consortium of Canada's Hydro Quebec and the US' El Paso.

The 120MW Esti and the 150MW Bayano hydro projects in Panama, owned by the US' AES.

The increase in thermoelectric generation efficiency at the AyP-Sucre project in Bolivia, being developed by AyP Energia.

The Berlin geothermal project in El Salvador, being developed by Gesal and Shell El Salvador.

The Incsa-Cartago expansion project in Costa Rica, about which no further information is available.

The 37MW Penas Blancas hydroelectric project in Costa Rica, where state power company ICE started operations last week.

The 3MW Rio Azul landfill gas project in Costa Rica, being developed by state power distributor Compania Nacional de Fuerza y Luz (CNFL).

The Tremembe landfill gas project in Brazil, which Sistemas Ambientais (Sasa), a subsidiary of the Viviendi Group's Onyx, is developing in Sao Paulo state.

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