Canadian developer eyes Vietnamese
CERs
10.08.06
Canadian CDM project developer LFGC
Corporation is to roll out its partnership
with Malaysian firm PJI Holdings to develop
landfill gas projects in Vietnam, the CDM
Director Gerry Hamaliuk said.
The two firms signed a memorandum of understanding
this week to form a joint venture, PJI-LFGC
JVC, to work with a Vietnamese agency, the
urban environment company (URENCO), to work
on “a number of projectsâ€
in the landfill gas sector in Vietnam, Hamaliuk
told Point Carbon.
“We expect to have them
up and running within 12 months,â€
he said. The approval process through the
CDM Executive Board would take “six
to eight monthsâ€, he said,
adding that the yield would be around 400,000
CERs per year.
The Canadian firm already has two projects
registered by the board. For its landfill
projects, it expects to use the standard
ACM001 methodology.
The two companies are already cooperating
across southeast Asia. As well as landfill
gas projects, they are working on developing
projects that use empty fruit bunches, the
waste product of palm oil milling, as a
fuel for new biomass cogeneration plants
in Malaysia itself.
Hamaliuk thought there could be demand
for the CERs in Canada in the future, despite
the political uncertainty with the current
federal government prevaricating on whether
it should, or could, respect the country’s
greenhouse gas emissions reduction target
under the Kyoto Protocol.
“I think that buyers
will develop in Canada. It’s
a matter of time, with the new government
getting some of their policy issues straightened
out,†he said, adding
that some regions, such as Quebec undertaking
to respect the Kyoto obligation as a devolved
target for the region. Hamaliuk said he
expected the regional government to recognize
CERs as a compliance instrument under whatever
regime it installs.
PJI Holdings Berhad is listed on the main
board of Bursa Malaysia. Its group comprises
companies that specialise in electrical
& mechanical engineering services, mainly
for the infrastructure energy, petrochemical,
telecommunications & construction industries.
London
|