Company reinforces aim to substantially reduce overall CO 2 emissions in all operations across 28 countries in the next two years
Nogara, Italy – 5 June 2010 - Coca‑Cola Hellenic announced that it has launched an innovative renewable energy initiative by installing rooftop solar panels on all of its bottling plants in Italy.
The announcement came at the inauguration of a combined heat and power (CHP*) generation system at the Company’s Nogara production facility near Verona in Italy.
Solar panels and CHP technology are being introduced in partnership with ContourGlobal, an international provider of efficient energy solutions.
The rooftop solar panels will have a total installed capacity of 10 megawatts (or 75 million kilowatt hours). With its CHP capacity, the Nogara plant has an efficiency rate of 83% and cuts CO 2 emissions by 66%.
“The decision to add rooftop solar panels at our plants strengthens our CO 2 reduction efforts resulting from the successful introduction of CHP technology,” said Mr. Doros Constantinou, CEO of Coca‑Cola Hellenic. “These initiatives demonstrate our continuing commitment to our business in Italy, and also to our pursuit of sustainable development in every one of the communities we serve.”
Joseph C. Brandt, President and Chief Executive Officer of ContourGlobal said, “We are successfully working with Coca‑Cola Hellenic on a number of innovative energy projects as part of its sustainability initiative. The addition of the solar energy project endorses the trust of Coca‑Cola Hellenic in our partnership.”
Coca‑Cola Hellenic became the first company in the European non-alcoholic beverage industry to introduce CHP technology in 2006, with the opening of a plant in Hungary. A reduction of 43% in CO 2 emissions achieved in the first year of operation prompted the Company to schedule development of 15 more plants in 12 countries with the aim of lowering CO 2 emissions by 20% throughout all bottling operations – well in advance of the 2020 deadline set for industry by the European Union.
In addition to the existing CHP plants in Hungary, Romania, Northern Ireland and Italy, Coca‑Cola Hellenic plans to have three more in operation this year and a further seven in 2011.
The CHP plant in Nogara represents an investment of €22 million.
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About Coca‑Cola Hellenic
Coca‑Cola Hellenic is one of the world's largest bottlers of products of The Coca‑Cola Company with sales of more than 2 billion unit cases. It has broad geographic reach with operations in 28 countries serving a population of approximately 560 million people. Coca‑Cola Hellenic offers a diverse range of ready-to-drink non-alcoholic beverages in the sparkling, juice, water, sport, energy, tea and coffee categories. Coca‑Cola Hellenic is committed to promoting sustainable development in order to create value for its business and for society. This includes providing products that meet the beverage needs of consumers, fostering an open and inclusive work environment, conducting our business in ways that protect and preserve the environment and contribute to the socio-economic development of our local communities.
Coca‑Cola Hellenic‘s shares are listed on the Athens Exchange (ATHEX: EEEK), with a secondary listing on the London Stock Exchange (LSE: CCB). Coca‑Cola Hellenic’s American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE: CCH). Coca‑Cola Hellenic is included in the Dow Jones Sustainability and FTSE4Good Indexes. For more information, please visit www.coca-colahellenic.com
ContourGlobal develops and operates electric and combined heat and power businesses around the world for governments and multinational companies. The Company focuses on high-growth, under-served markets and innovative niches within developed markets such as renewable energy and Combined Heat and Power (CHP). The Company consists of eleven businesses in operation and construction on four continents with approximately 1,000 MW of generating capacity and an active pipeline of new development business totalling 10,000 MW.
Reservoir Capital Group is a privately held investment firm with approximately $4 billion under management and is ContourGlobal's controlling shareholder.
* Combined Heat and Power plants supply highly efficient, clean electricity as well as heat and cooling for the company’s soft drink production facilities. Surplus energy is fed directly into the power grid, providing efficient electricity to surrounding communities.