VOLCAN COMPAÑIA MINERA : Baños V, Hydroelectric Power Plant is certified to issue and trade Carbon Bonds

 VOLCAN COMPAÑIA MINERA : Baños V, Hydroelectric Power Plant is certified to
                         issue and trade Carbon Bonds

Volcan Compañía  Minera S.A.A.  informed  that Hydroelectric  Power  Station, 
Baños V, located in  Huaral, Lima, has been  successfully registered to  issue 
and trade carbon bonds  under Clean Development Mechanism  (CDM) of the  Kyoto 

"We are  pleased to  announce  that our  run-of-river Hydro  electrical  Power 
Plant, Baños V, with a 9,2 MW of capacity, has received registry  confirmation 
from the United NationsFrameworkConventiononClimate Change (UNFCCC)" said
José Estela Ramirez, Volcan's Energy Manager.

Baños V is the Company's second  hydro electrical project to start  operations 
in the last 3 years. This central generates enough energy to cope with 50% of
Chungar's (a Volcan Group's Company) electricity requirements, thereby Chungar
becomes a  Mine which  is supplied  with 100%  renewable energy.  The  energy 
produced by  Baños V  is equivalent  to the  electrical supply  for more  than 
20,000 Peruvian homes,  and, because  it is  clean and  renewable energy,  the 
amount of  CO2  not emitted  is  also equivalent  to  remove 7,000  cars  from 

Volcan's Energy  Manager, Mr  José Estela,  remarked that  this  certification 
"shows that mining companies  are friendly with  the environment and  projects 
like Baños V are  internationally catalogued as  renewable energy, that  means 
that they inject clean  energy and renewable to  Peru, contributing to  reduce 
the emissions of greenhouse gases, from the energy matrix of our country, at a
time when there is a growing demand for energy. The certification of Baños  V 
will allow the  issuing of about  35k carbon  bonds per year,  which could  be 
traded in foreign markets".

Volcan Group has 41 MW in Hydro  electrical Power Plants in operation and  has 
other immediate  hydro electrical  projects for  about 60MW,  which shows  the 
strong Company's commitment with the generation of renewable energy.


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Source: VOLCAN COMPAÑIA MINERA via Thomson Reuters ONE
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