CoGen Engineering Ltd has already realized some JI projects on the territory of Republic of Bulgaria. The first two projects - BIOVET and AKB FORES are with a total amount of sold Emission Reductions of 1 450 000 tons CO2.
The achieved financial income for the projects owners, of those first (pioneer) two projects from the sale of Emissions Reductions is almost 10 000 000 .

BIOVET
In 2004 CoGen Engineering Ltd developed independently a JI project for construction of a co-generation station at Biovet Peshtera with a nominal power of 17,5 MWe for selling of Emissions Reductions. This project was successfully accepted in the tender organized by the Dutch agency - SENTER. The project regardless from the strong competitors was successful in the tender and a contract between the Dutch government and Biovet LTD was signed. As a result from the project it is expected the achieved reductions will be 170 000 tons CO2 in the form of Assigned Amount Units (AAUs) before 2008 and in the period 2008-2012 the reduction will be 330 000 tons CO2 in the form of Emission Reduction Units (ERUs). The Co-generation installation should start its operation at the end of 2005.

AKB FORES
In 2005 CoGen Engineering Ltd together with the Dutch company Global Carbon developed a project of 7 co-generation instalations with a total capacity of 30 MWe, which will be installed in entities owned by AKB Fores. This JI project participated in ERUPT 5 - tender organized by the Dutch agency - SENTER. The co-generation stations are:

  • Polimery JSC, Devnia - 2 5 MWe gas turbines installations;
  • Kostenec HHI JSC - 2 5 MWe gas turbines installations;
  • Toplofikatsia Kazanlak JSC - 2 3 MWe gas engine installations;
  • Toplofikatsia Kazanlak JSC - 1 3 MWe gas engine installation;

The project is also successful and until the end of September it is expected a contract between the Dutch government and AKB Fores to be signed. The realization of this project will lead to reduction of 150 000 tons of CO2 in the form of Assigned Amount Units (AAUs) before 2008 and a reduction of about 800 000 tons of CO2 in the form of Emission Reduction Units (ERUs) in the first commitment period of Kyoto Protocol. The Co-generation installations should start their operation in the beginning of 2007.

DHC BOURGAS
During the autumn of 2005 CoGen Engineering Ltd took participation in JI Project "COGENERATION POWER STATION FOR COMBINED PRODUCTION OF HEAT AND ELECTRICITY IN DISTRICT HEATING BOURGAS, BULGARIA" realization. CoGen Engineering Ltd developed main parts of the PDD (Technical Study, Base Line Study, Project CO2 Emission Reductions Estimation, and Monitoring Plan Study).

The Project comprises the design, construction, and operation of new Cogeneration Power Station for combined production of heat and electricity in DHC Bourgas, including 6 Gas Engines, with a total power capacity of 17.82 MWe (CHP: combined heat and power). Three of the Gas Engines will have single output of 3.125 MWe / 3.19 MWth, and the other three - 2.814 MWe / 2.394 MWth.

The current stage of the JI Project is at validation. The validation company is TUV Suede, Germany. The expected purchaser of the emission reductions is Netherlands - Senter Organization, or a private purchaser.

RUNO - KAZANLUK
Now, CoGen Engineering Ltd develops a unique by its organization, JI Project: "Pool of Small Hydro Power Stations and Wind Energy Parks Project". This project comprises the design, construction, and operation of 12 new Small Hydro Power Stations (SHPSs), one Cascade reconstruction of SHPSs, one small Fuel-switch project, and 7 new small Wind Energy Parks (WEPs). Thirteen Companies, together with the supplier of emission reductions, and main applicant Runo-Kazanluk JSC, participate in this project. The total power involved is 58 MWe, and the expected emission reductions is 1 021 236 tones CO2 for the period till 2012. The project received the Letter of Endorsement (LoE) from MOEW, in January, 2006, and the Project Idea Note (PIN) is submitted to Austrian JI/CDM Program.

The current stage of the project is in front of PDD development.

UNIVERSUM ENERGY
CoGen Engineering Ltd has begun the development of a new JI Project "Universum Wind Energy Park Kavarna". This project comprises the design, construction, and operation of 30 wind energy turbines, with rated power of 2.3 MWe each. The total Wind Energy Park power is 69 MWe. The wind turbines producer is ENERCON GmbH, Germany. The start date of the WEP regular operation is foreseen for 01.May.2007. The foreseen total investment costs of project realization are estimated at about 75 millions of EUR.

The supplier company of the realized emission reductions will be Universum Energy Ltd, Bulgaria. We are expecting this project to receive the Letter of Endorsement (LoE) from the MOEW of Bulgaria, till the end of March, 2006.