30 MW Combined Heat & Power plant at Sharra Landfill, Tirana, Albania.

1. waste is pure
ENERGY

2. From waste to energy
Landfill gas (LFG) is created
during decomposition of
organic substances and
consists methane (CH4),
carbon dioxide (CO2), and
nitrogen (N2).
EU defines LFG as a
renewable energy source.
CH4 has a global warming
potential which is 22 times
higher than CO2
LFG is a high value fuel
(5kW/Nm3) and can be used
for energy generation.

3. Gas Extraction Wells
Hot water for District
Heating
Gas Engine Generator
Gas Treatment & Metering
Power to grid
Seepage water collection
Seepage Water Treatment
From waste to energy
Landfill
Gas Extraction Wells
Perforated tubes are drilled
into the landfill body and
interconnected by a pipe
work system
Utilizing a blower, the gas is
sucked from the landfill,
compressed, dried,
cleaned and fed into a gas
engine.
For safety reasons, the
installation of a gas
flare is recommended
so that excess gas
can be burned off in
the event of
excessive gas
production.
In most cases all the
electrical power generated
is fed into public grid.

4. LFG - Market potential
Over 1 million landfills globally
Representing 50 billion tons of CO2 eq/year
10.000 landfills (1%) with large
LFG amount (+2500 m3/h)
Over 210 TWh electric power, and
250 TWh thermal energy
(Norway’s total energy consumption = 120 TWh/year)

5. Potential landfills
9000
available
(approx)
200
under
development
1100
developed
1% of available landfills represents 450 + 540 MW installed capacity of
electric + thermal power!

6. Identified opportunities
Sharra Landfill, Tirana
• Electric power for 8000 homes
• High electricity prices (3-4 times Norway)
Capacity: 7,62 MW
• 50 GWh el / Year, 1 TWh / project period
• 55 GWh heated water /year available
Investment budget
• € 8.5 million
• 50 % ”leasable”

7. Why Albania ?
Among the highest electricity prices in Europe!
Growing demand for electricity
Very low local power production => Power deficit
Public partners
Very profitable project => Business!
Low risk: Technological, sector-, partnerwize.
 Political: Adapting EU regulations and sending EU application

8. Albanian Power Deficit
High growing consumption of eclectric energy (raising demands)
Limitations of local production of electricity
Limitations of capacity in the grid
Several black outs in the electric grid every year (summer & wintertime)
Dependence of imported electric energy (primarily Italy)
High Energy prices for imported energy
 2008 average: EURO 80.84 / MWH (Approx. 0,70 NOK/kWh)
Incentives to investors
High energy prices and long term contracts
By law, elctric pricing contracts are given with former years average
price + 10%.

9. Milestones Albania
Sept/okt 2009:
• Negotiations with Albanian Government /KESH
June 2009:
• Official bid for Sharra Landfill Gas Project turned in
April 2009:
• Albanian officials visiting Norway (Ministry & Local Authorities)
Feb 2009:
• Albanian acceptance of unsolicited proposal - official startup for preparing bidding process
Dec 2008
• Delivery of unsolicited proposal to Albanian Government
Aug 2008:
• Invitation to deliver unsolicited proposal to Albanian Authorities
April 2008:
• Visit to Tirana/Albania, Project Identification (Sharra Landfill) – Production of PIN
Feb 2008:
• Final testing and approval of unique gas extraction technology
Okt/Nov 2007:
• Key personnell leaving Statoil/Energikilden - Founding and establishment of Energize
Okt 2007
• Fusion process between Statoil & Hydro
2004-2006:
• Product development and establishment of 7 LFG Powerplants in Norway
Sept 2003:
• Establishment of Energikilden AS
2009
2008
2007
2003
.

10. Financing
ABG Sundal Collier ASA
• Raising private capital for each project
World Bank
• Certified Emission Reduction (CER
Certificates/Green Certificates)
Leasing
• Up to 50% of equipment is leasable
Key interest rate, Albania (Aug 2009)
• 5,75 % (Central bank)

11. •
Economics - Albania
Year 1 2 3 4 5 6 6 8 9 1 11
(A)
EBITDA
(€)
4080 4625 5143 5635 6105 6550 6212 5891 5584 5293 5016
(B)
EBITDA
(€)
2511 2864 3200 3520 3824 4113 3894 3685 3487 3297 3118
First of four powerplants in Albania:
Installations: 15,5 MW (hereby 7,62 MW electrical production)
Investment Capital: 8,5 mill Euro
Electricity price: 88,9 €/MWh
CER/Green Sert. (A) 4,0 €cents / kWh (CER = 7,5 €/ton) (B) 0 €Cents / kWh (CER = 0 € / ton)*
Gas/CH4 Qualtity: 50 %
Gas capture rate: 70 %
* All figures x 1000
* Normal calculations for these types of projects use CER = min 10 € / ton

12. Sharra landfill
Old landfill closed in 2008.
New landfill according to EU-regulations.
Another new landfill planned in 2013 due
to growing amount of waste

13. Gas production
Landfill gas fluctuance showing
high production of LFG

14. Technical solutions
Module based technical solutions::
Proven technology put into a unique system
Mobile equipment
Cost efficient
Low investment costs pr MW
Unique engineering and design
=> Gas well automation system:
Give gas capture rates up to 80%
(normal 50-60%)
Average gas methane quality: 57 %
(by tests 2009)

15. Vision & goals
VISION
To become a leading supplier of renewable
energy world wide, focusing on climate
emission reduction projects.
GOALS
Building 25 powerplants within
the next 10 years!

16. Chairman: Sven Ombudstvedt
Former CFO, Yara ASA
Members:
Paal Frisvold
Bellona – EU coordinator
Ole-Ray Grødset
Investor, Consult and Invest AS
Kjetil Graver
Investor, CEO Evermore AS
Board members & investors
.
.
Board members

17. Dynamix Corporation Ltd
Oleray Invest AS
Management & Finance AS
Sven Ombudstvedt
Fredita Eiendom AS
Valhall Invest AS
Aksjevold AS
Zenit Capital Management AS
Paal Frisvold
Tom Henning Gundersen
Morten Wivestad
Board members & investors
.
.
Shareholders

18. Thank you for your attention!
For any questions about this presentation, do not hesitate to
contact Mr. Espen With-Hanssen, + 47 981 00 000
Energize AS
Smuget 1 B
1383 Asker, Norway
Post@energize.no
Board members & investors
.
.