DGAP-News: Alter Energy Group AG: 'Alter Energy Groups' Smela biomass project receives commissioning certificate'
(firmenpresse) - Alter Energy Group AG / Miscellaneous
21.04.2010 11:55
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'Alter Energy Groups' Smela biomass project receives commissioning
certificate'
Zurich Switzerland - April 21, 2010
ALTER ENERGY GROUP AG ('AEG') (Frankfurt Stock Exchange Ticker Symbol::
39f) announced today that on March 11, 2010 the companies Smela Biomass CHP
Pilot Project received its State Commissioning (certificate of
exploitation) to commence on-line service.
Edward J. Klaeger IV, CEO of AEG explained, 'The issuing of the State
Commissioning Certificate was the last obstacle to receiving our Green
Tariff license. Despite very difficult economic conditions through hard
work and patience, together with capital and construction contributions
from our European and Ukraine partners, we have been able to implement the
direct combustion biomass design developed by AEG in the spring of 2009.
Our focus now is to begin implementing the Stage II expansion and upgrade.
To facilitate partial funding of Stage II AEG and Smelaenergopromtrans will
re-invest their respective profit share from Stage I. We look forward to
successful Green Tariff on-line operations and establishing credibility for
foreign direct investment under Ukraine Green Tariff.'
About AEG: AEG is a Zurich-based publicly traded Swiss company with
operations in Ukraine. AEG is active in acquiring and making investments
in Ukraine alternative and renewable energy generation and distribution
projects and companies.
For more information on AEG please visit: www.alterenergygroup.com
Investor Relations: info(at)alterenergygroup.com
Forward-Looking Statements
Statements in this press release may constitute forward-looking statements
and are subject to numerous risks and uncertainties, including the
Company's current and future capital needs, any actions by the Company's
partners that may be adverse to the Company, the success of competitive
products, other economic factors affecting the Company and its markets, and
other risks. The actual results may differ materially from those contained
in this press release. The Company disclaims any obligation to update any
statements in this press release.
21.04.2010 11:55 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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Datum: 21.04.2010 - 11:55 Uhr
Sprache: Deutsch
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