Under the terms of the contracts, Camco will deliver assessment and monitoring services for 37 individual energy efficiency projects at cement production facilities owned by Conch.
For the assessment and monitoring services, Camco will receive an annual cash service fee payment up to 2020.
Collectively the projects are designed to generate 29.5 million CERs during the period 2012 to 2020.
24 of the projects are operational, 16 of which have already been approved and registered under the Clean Development Mechanism with a total approved volume of 14.2 million credits.
For the remaining 13 projects, Camco will provide the carbon project development as well as assessment and monitoring services.
Conch projects use advanced high efficiency waste heat recovery technology to capture heat from the cement making process and recycle it to produce power in onsite power plants, with a total capacity of 718.8MW.
Camco is a developer of clean energy projects and solutions to reduce greenhouse gas emissions.
