LondonWaste Contract Award

The TEG Group PLC, the AIM listed cutting edge green technology company, which develops and operates organic composting and energy plants, is pleased to confirm it has been awarded a waste supply contract by LondonWaste Limited ("LWL").  LWL is the operating company responsible for waste management for the North London Waste Authority and the contract is to process waste that is additional to the waste composted by LWL at its EcoPark in Edmonton.

The contract, for processing mixed food and green waste ("Mixed Waste"), will be for an initial 3-year term, commencing in April 2011, and has an option to extend to April 2017.  The annual volume of the Mixed Waste is expected to be 12,000-15,000 tonnes per annum with a maximum obligation on TEG of 20,000 tonnes per annum. 

As announced on 13 December 2010, TEG is developing a new anaerobic digestion ("AD") and in-vessel composing ("IVC") plant in Dagenham, East London, which is expected to be in operation in 2012.  The Mixed Waste will be processed at the Dagenham plant from 2012 and in the meantime will be processed at TEG?s IVC plant at Carleton Rode.

Commenting for TEG, Chief Executive Michal Fishwick said "we are delighted to have secured our first contracted waste in London and look forward to the development of our AD and IVC facility in Dagenham.  It is very pleasing to have the support of LondonWaste Limited and this support will very much assist the development of the Dagenham plant."

 ENDS