Major events 1H 2009
Framework agreement in Mozambique
An agreement to develop a 125,000 ha forest plantation in
Northern Mozambique on up to 200,000 ha of land was signed with the Ministry of Agriculture, the second such agreement made in Mozambique.
USD 25mn financing with IFC and Norfund
Green Resources signed agreements for ten-year loans with the IFC and Norfund for the development of plantations and
industrial operations in Tanzania’s Southern Highlands. This is
the IFC’s largest ever loan to a private company in Tanzania.
World’s first VCS validated forestry project
In July, the Mapanda/Uchindile forest project was the first such project in the world outside of the US to receive VCS validation, the leading standard for voluntary carbon projects. The project will generate 3.5mn tCO2 offsets through 2020.
Agreement with Norwegian Peace Corps
Concluded an agreement for North-South and South-South
co-operation, including eight exchange candidates.
Contract for sale of carbon credits
Agreed to sell temporary CERs to Norway from the Idete CDM reforestation project, pending project approval.
Harvesting from our own forests
Extensive harvesting began in our Ugandan and Tanzanian
forests, logging almost 20,000 eucalyptus poles.
Expansion in Tanzania and Sudan
Title awarded for 15,000 ha land in Tanzania’s Southern
Highlands and for a large reforestation and conservation project in Southern Sudan.