KHAZANAH TEAMS UP WITH CAMCO INT'L TO SET UP CAMCO SOUTH EAST ASIA

KUALA LUMPUR, Dec 10 (Bernama) -- The Malaysian government's investment arm,
Khazanah Nasional Bhd, has teamed up with Camco International to set up Camco
South East Asia, which will be involved in carbon emission reduction projects.

Khazanah will have 40 per cent stake in the joint-venture company while the
remainder will be held by Camco International.

Camco South East Asia will have US$30 million paid-up capital, said Khazanah
managing director Azman Mokhtar.

Currently, Khazanah holds 23.6 per cent stake in Camco International, listed
on the Alternative Investment Market (AIM) of the London Stock Exchange.

Camco International has a 20-year track record in carbon project
development, technical delivery and policy development.

Energy, Green Technology and Water Minister Peter Chin Fah Kui, who
attended the event, said the Renewable Energy Bill, to be tabled in parliament
next week, will incorporate the industry's highly expected Feed-in-Tariffs
regulations.

Camco South East Asia Director Shahazwan Harris said the company will focus
on two prime areas -- biogas and biomass -- in addition to more opportunities
for investments in the industry.

Currently, the company has 24 contracts in Southeast Asia, which are mainly
carbon credit development projects.

Shahazwan, who is also Khazanah Nasional Investment director, said Khazanah
expected a 20 per cent annual investment returns from new investments.

Khazanah had also invested in KCS Green Energy, a waste-to-energy company in
China.

"We have commissioned one plant in China and another two are in the
construction phase. We are very happy and proud of the investments there.

"Sustainable development is a new growth sector for Khazanah. We will
continue to look at both domestic and overseas opportunities.

"Khazanah is selective and disciplined in choosing opportunities like Camco,
which will bring in the targeted returns," he added.

-- BERNAMA



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