EcoloCap Solutions Announces 5 Hydro Power Projects in Vietnam to Reduce CO2 Emisssions

Montreal-based EcoloCap Solutions, a provider of integrated solutions to help businesses combat climate change, announced the signing of five hydro power projects in Vietnam for an estimated reduction of 3.1 million tons of carbon emissions over the life of the agreement, convertible to tradable carbon credits (CERs) under the Clean Development Mechanisms of the Kyoto Protocol. At today’s market price, CERs are trading at some US$32. The projects represent an investment of US$135 million and the agreements were originally signed with United Best Technology Limited of Hong Kong. The contracts were transferred to Ecolocap after the company acquired United Best earlier this year.