Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement.
KTG Agrar connects its eleventh biogas plant to the grid: Plant capacity to be doubled within two years
Hamburg, 08 January 2009 - KTG Agrar AG, the listed agricultural company based in Hamburg, continues to expand its Renewable Energies Division. Its eleventh biogas plant has just been started up in Putlitz in the state of Brandenburg. Rated for an electrical capacity of 700 kilowatts, the new plant produces enough energy to cover the annual requirements of some 4,000 people. The heat generated in the process is used to KTG Agrar's own offices and for drying grain. In addition the company is currently installing a local heat distribution grid. The completed grid will supply some 300 single-family homes with economical and ecological heat from the KTG Agrar biogas plant...
Delivering stable revenues and a good EBIT margin, the generation of electricity and heat has become an important pillar supporting KTG Agrar's organic and conventional farming activities. Wolfgang Bläsi, the company's CFO, explains: 'The regular cash flow expands our financial scope in that it allows us to bridge the post-harvest period in which producers are usually faced with high sales pressure and low prices.' KTG Agrar intends to expand the energy generation activities and double its current capacity of 7.5 megawatts within the next two years. Biogas plants rated for a combined capacity of at least 3 megawatts are to be installed already in 2009; two locations are already at the planning stage.
http://www.ad-hoc-news.de/dgap-news-ktg-agrar-connects-its-eleventh-biogas-plant-to--/de/Unternehmensnachrichten/19965060
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