Group items tagged

http://www.greenoptions.com/t/5219/crown-jakarta-capital-eco-management-news-green-investment-bank Investment of £4.9 million to be provided for the replacement of inefficient heating systems with biomass boilers Energy Saving Investments (ESI), an Equitix managed fund in which the UK Green Investment Bank (GIB) is a cornerstone investor, has announced a fund of £4.9 million for its first energy efficiency project. The funding will join a further £5.1 million investment provided by the Equitix Energy Efficiency Fund (EEEF) to replace inefficient heating systems with biomass boilers in both public and private community facilities. The £10 million investment is being made through the energy services company Roundwood Energy Limitedwhich is responsible for financing, installing, maintaining and fuelling the new systems for a period of up to 20 years. The company is supported by its technology partner, Woodpecker Energy Limited of Yeovil, Somerset, which manufactures wood pellet and wood chip biomass boilers. Non-domestic energy efficiency (NDEE) is one of the Green Bank's priority sectors. The bank awarded the competitive fund mandate to Equitix to invest £50 million, matched by private investors, to drive investment in small-scale low carbon infrastructure requiring less than £30 million of financing. The investment could fund over 60 projects in both private and public sectors thereby saving customers up to 30 percent on their energy bills as well as reducing carbon emissions and supporting the green economy. Customers will not need to make an upfront capital investment in order to switch their heating systems to biomass and applications are now open. "The Green Investment Bank is helping to fund energy efficiency measures for everyone from our largest companies, to individual households through the Green Deal" said Shaun Kingsbury, Chief Executive of the Green Investment Bank. "Today's announcement will provide a low-cost and straightforward way for a

Crown Capital Management International Relations Deputy Energy and Mineral Resources Minister Susilo Siswo Utomo also said a government probe into the tunnel collapse should end in one or two months. Arizona-based Freeport suspended operations at the world's No. 2 copper mine on May 15, a day after the training tunnel, away from its main operations, fell in on 38 workers. Several investigations are being conducted into the accident at the Grasberg mine complex, including one by the Energy and Mineral Resources Ministry and one by Freeport Indonesia using international experts. Susilo told reporters on Monday the open-pit production would restart in the immediate future and there was no reason for it not to resume as the investigation was not being done in the production area. The Grasberg mine normally produces around 220,000 tonnes of concentrated ore a day, with around 140,000 tonnes coming from open-pit mining and 80,000 tonnes from underground operations. Some industry analysts say the mine could face a prolonged closure and further strain relations between Freeport and trade unions after a three-month strike there in late 2011. Freeport Indonesia could not be contacted by telephone on Monday. On Saturday, as many workers carried out maintenance work, a Freeport spokeswoman said any restarting of operations would depend on the outcome of underground safety inspections being carried out by the energy and mineral resources ministry. A union official at Freeport Indonesia reiterated that all investigations into the cause of the collapse must be completed before mining resumes at the Grasberg complex, which also holds the world's largest gold reserves. "The union welcomes the management's decision to resume maintenance activities in Grasberg open-pit mining, but not for production activities," Papua-based union leader Virgo Solos