AGO Energy (Pty) Ltd achieves BBBEE Certification for 2010

Participation at Economic Empowerment Strategy / From January 2010 on, a South African master student joins AGO AG in Kulmbach, Germany / AGO again achieves BBBEE Certification Level 4 for 2010

Kulmbach/Cape Town, (PresseBox) - AGO Energy (PTY) Ltd., a fullyowned subsidiary of AGO AG Energie + Anlagen (WKN: A0LR41 / ISIN: DE000A0LR415) achieves for the year 2010 the BBBEE Certification (Broad Based Black Economic Empowerment) again.

South Africas policy to promote once aggrieved population groups in economic life (BBBEE) is not only an ethically motivated initiative to rehabilitate mistakes from the past. It is a pragmatic growth strategy that tends to open up the economic potential of the country. With BBBEE, a mechanism was developed, to let all population groups participate in wealth without creating new discriminations. This means for AGO AG, that e.g. students from once aggrieved population groups, work on their master thesis in Kulmbach. From January 2010 on, the first student of Cape Town University will be hosted for one year in Kulmbach. The planned student research project will deal with the subjectmatter of locally heat-, cooling- and energy supply for South African industrial enterprises.

"It is a matter of course, that AGO AG joins the BBBEE Certification. By our longterm engagement in South Africa, we want to help to reduce historically based disparities. Our BBBEE Certification, which we received repeatedly, approved our intention again. Also from the economic point of view, it is reasonable to participate in this process. Various companies, german companies as well, set a high value on the BBBEE Certification," said Uwe Kern, Managing Director of AGO Energy.

"No economy will succeed in growth, if a piece of the population is excluded and an economy that does not grow is not able to integrate all pieces of its population", said an excerpt from the strategy document of South Africa regarding the Black Economic Empowerment.

AGO AG Energie + Anlagen

The company with company headquarters in Kulmbach which was founded in 1980 is a specialist in the area of innovative and efficient energy supply and facilities. AGO AG focuses on the three business segments project development and implementation, operation of facilities as well as service & consulting. The company's core competences are mainly biomass cogeneration plants, cogeneration plants, heat and refrigeration plants, trigeneration as well as contracting. Location studies / location development, energy efficiency consulting, raw material and fuel management as well as emissions trading round off the business model. AGO stands for efficiency, reliability and technological competence for your energy supply plants.

Press releases you might also be interested in

Subscribe for news

The subscribtion service of the PresseBox informs you about press information of a certain topic by your choice at a choosen time. Please enter your email address to receive the email with the press releases.

An error occurred!

Thank you! You will receive a confirmation email within a few minutes.


I want to subscribe to the gratis press mail and have read and accepted the conditions.