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EDF Trading extends its CFL project to Lebanon


EDF Trading, a wholly-owned subsidiary of EDF S.A., has signed an ERPA with the Lebanese Ministry of Energy and Water, Tripoli and Zahrani Oil Installations, for the CDM development of its successful CFL initiative. EDF Trading will purchase CERs generated from the country-wide lamp swapping campaign.

Up to six small-scale CDM projects will be developed covering Electricité du Liban (EdL) consumers throughout Lebanon.

Three million CFLs will be distributed across the country to one million residential households to replace incandescent lamps.

Distribution of the lamps was launched at the 2010 Beirut Energy Forum and to date two-thirds of the CFLs have been distributed.

The projects are expected to generate around 450,000 CERs throughout the crediting period.

This is the largest CDM initiative launched in Lebanon.

“We have now developed CFL projects in India, Vietnam and Lebanon. This initiative has been very successful and we will look to develop it further in other countries”, said François Joubert, Global Head of Environmental Products at EDF Trading.

“This is a great initiative for Lebanon and we’re delighted to be working alongside the Lebanese Ministry on this project”, said John Rittenhouse, Chief Executive of EDF Trading.

“The Ministry of Energy and Water is glad to see that Lebanon could finally benefit from CDM through the partnership with EDF Trading. This success is one step in a long journey towards energy efficiency and renewable energy”, said Pierre El Khoury, Manager of the Lebanese Centre for Energy Conservation (LCEC).



For further information, please contact:
EDF Trading
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232
Email: michele.reid@edftrading.com 


About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. Its own portfolio of assets, combined with EDF Group businesses, give it the ability to source, supply, transport, store, blend and convert physical commodities across the wholesale energy markets.

EDF Trading is one of the top 3 market participants in European emission allowances and certified emission reduction credits. The team has built extensive knowledge of the CDM market and is actively involved in all the key areas of the value chain. With the experience of having sourced CDM projects in more than 17 countries, it has extensive understanding of the UN’s approval process and of the assessment of delivery risk associated with each project.

EDF Trading established and is responsible for the portfolio management of the EDF carbon fund (€290 million). It has one of the largest portfolios of carbon projects which currently number 250. It also has one of the most diversified portfolios in terms of geographic presence and methodology. It has worked with project developers across the world from Brazil to China, Russia, Korea, India, Malaysia, Mexico, the Phillipines, Thailand and Vietnam.

EDF Trading has one of the most mature portfolios in terms of registration percentage. Approximately 85% of the global portfolio already has UN registration. Projects include wind, hydro power, biomass, industrial energy efficiency, coal mine methane as well as wastewater and MSW management.

EDF Trading is a 100% owned subsidiary of EDF Group, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry.

For more information on EDF Trading, please visit www.edftrading.com