3C altitude change consulting GmbH - First Turkish Carbon Transaction amid Bilgin Energy and 3C

Store this angel in big sizeAnkara/Frankfurt/Munich, July 10, 2006

Ankara based Bilgin Energy Investment Holdings A.S., accurate by Munich based FutureCamp, and Frankfurt based 3C altitude change consulting (3C) concluded the aboriginal Turkish carbon transaction in June 2006. 3C purchased discharge abridgement certificates from Bilgin Energy’s wind ability bulb activity ‘BARES II’ in Balikesir.

The aboriginal carbon transaction in Turkey amid Bilgin Energy and 3C shows that the carbon bazaar has become a absolutely all-around market. In aboriginal June 2006, 3C and Bilgin Energy active an Emission Reduction Purchase Agreement for 72.000 metric tonnes of discharge abridgement certificates – so alleged Verified Emission Reductions (VERs) – from Turkey’s aboriginal ample calibration wind ability esplanade amid in the Balikesir Region abutting to the Sea of Marmara. The activity involves the accession of 20 wind ability turbines with a absolute accommodation of 30 MW. 3C purchased the discharge abridgement credits on account of 3C’s carbon account applicant Credit Suisse in Switzerland.

Turkey has not ratified the Kyoto Protocol yet, but “this transaction shows that aswell Turkey can account from the adjustable mechanisms of the Kyoto Protocol”, says Tolga Bilgin, Director of Bilgin Energy. “We achievement that the politicians and Turkey will accept this groundbreaking transaction as affirmation for Turkey’s bread-and-butter abeyant if acknowledging the Kyoto Protocol”,
adds Sascha Lafeld, Managing Director at 3C. “In case Turkey ratifies the Kyoto Protocol, we achievement that ‘BARES II’ will aswell authorize as an official altitude aegis activity beneath the regulations of the Kyoto Protocol”, outlines Roland Geres, Managing Director of Munich based aggregation FutureCamp, that developed the all-important activity affidavit and accompanied
the accomplished action from the antecedent appraisal to the closing of the ERPA.

‘BARES II’ was accurate by TUEV SUED in December 2005, the aboriginal analysis of the project’s discharge reductions will be conducted in aboriginal 2007. The activity developers currently verify whether the activity even qualifies as a so alleged ‘Gold Standard’ activity that meets internationally recognised belief for exceptional above altitude aegis projects.

Based in Ankara/Turkey, Bilgin Energy Investment Holding A.S. is one of the avant-garde and better renewable activity companies that develops, owns and operates hydropower plants and wind ability plants in Turkey. Currently Bilgin Energy owns and operates 3 hydropower plants and 1 wind ability bulb with absolutely 74 MW installed capacity. In 2007, the installed accommodation of the Company will be 124 MW and by the end of 2009 with continuing investments and architecture works, the absolute renewable installed accommodation of Bilgin Energy will be 486 MW. Bilgin Energy is concentrated alone in Renewable Energy Generation and with all the acquaintance and ability created during the accomplished years, its aim is to advance added renewable activity projects both in Turkey and added countries.

Based in Frankfurt am Main/Germany, 3C is specialised on carbon account and emissions trading casework for accumulated clients. 3C is amenable for the accomplishing of the altitude neutrality of the FIFA Football World CUP 2006 in Germany. 3C added accouterments altitude aloof strategies, services, contest or articles e.g. for Credit Suisse, HSBC, Deutsche Bank,
Deutsche Post/DHL, Toyota, Deutsche Telekom and Allianz Group.

Based in Munich/Germany, FutureCamp offers consultancy casework on all issues apropos accomplishing of EU emissions trading and the project-based mechanisms of the Kyoto Protocol, e.g. for RAG, STEAG Saar Energie, E.ON Hanse, Thüga, Wintershall/Wingas and Saarstahl. Currently FutureCamp is affianced in about 25 JI and CDM projects in altered stages of development.

For added questions amuse contact:

Bilgin Energy Investment Holdings A.S., Ankara-Gaziosmanpasa /Turkey
Tolga Bilgin, Vice President, Tel. +90 (312) 446 3023,
tolga@bilgin.com.tr

3C altitude change consulting GmbH, Frankfurt a.M./Germany
Dr. Sascha Lafeld, Managing Director, Tel. +49 69 420 88 98 11
sascha.lafeld@3c-company.com

Future Camp GmbH, Munich/Germany
Dr. Roland Geres, Managing Director, Tel. +49 89 68008 330
roland.geres@future-camp.de