DGAP-News: United Energy Group plc: United Energy Group Welcomes Energy Strategy Pursued by the Republic of Srpska - Swift Realisation of the Production Facilities the Foremost Goal
(firmenpresse) - United Energy Group Plc. / Miscellaneous
04.06.2010 09:54
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Haslemere, United Kingdom, June 4, 2010 - United Energy Group welcomes the
energy strategy through 2030 that was presented by the Government of the
Republic of Srpska in late May. The strategy white paper lays the
foundation for the development of the domestic energy market for the next
20 years, and defines a number of objectives and measures. 'As early as
2008, the Republic of Srpska committed itself by parliamentary decision to
push ahead with the country's energy policy. This became the basis for
numerous talks with international investors which are now beginning to bear
fruit in the form of a concrete energy policy,' stated Dr. Rolf Haferkamp,
CEO of United Energy Group.
The goal the Republic of Srpska set for itself is not just to provide all
of its residents with proper access to electric power, but to provide a
high-quality power supply. In addition to the use of fossil fuels, the plan
calls for exploitation of the country's hydroelectric potential. This
presupposes the construction of production facilities in an initial stage,
as there have been no investments of this sort for the past 25 years. 'With
its energy strategy, the Republic of Srpska has clearly pledged to mobilise
companies from the most diverse industries and countries for the
construction of energy facilities, thus launching a new, comprehensive
investment cycle. This is where our Southeast Europe strategy and our
commitment in the Republic Srpska come in,' said Haferkamp, specifically
welcoming the fact that, during its press conference on May 25, the
Republic of Srpska did point out the necessity to commence activities in
the near future in order to implement the strategy.
In the weeks to come, the energy strategy of the Republic of Srpska will be
supplemented with comments by its Parliament, enabling the National
Assembly of the Republic of Srpska to ratify the strategy white paper and
the action plan before the summer recess.
United Energy Group plc
United Energy Group plc is an independent listed energy company. Formed in
2006, the company focused initially on the area of energy production.
During the past two years, UEG underwent substantial redevelopment, and
operates now in the business areas of Energy Consulting, Energy Trading,
and Energy Investments. The company has thereby responded to global market
trends as it seeks to make a significant contribution to the energy supply
sector, and to help meet the growing energy needs worldwide.
Forward-Looking Statements
This communication may contain certain forward-looking statements that
include declarations of intent, strategies and opinions relating to the
future and to the expectations of United Energy Group and its subsidiaries.
Any statement contained herein is based on information available on the
respective day to the management of UEG; and actual events, may vary
depending on the occurrence of future events that may or may not be subject
to the management's control, including risks and uncertainty factors that
may cause the actual outcome to deviate considerably. Such risks and
factors include, without being limited to, ramifications that acquisitions
may have for the company and its capital structure, exploratory findings,
market conditions, the stability of mineral oil and natural gas prices, the
uncertainty factors inherent in the operative business of mineral oil and
natural gas production, unexpected future investment requirements,
competition, statutory provisions, and other factors.
Business Network Marketing- und Verlagsgesellschaft mbH
Corinna Kaspar
Fasanenstr. 47, D-10719 Berlin
Tel.: +49 (0)30 - 81 46 46 00
Fax: +49 (0)30 - 81 46 46 046
E-mail: ir(at)unitedenergy.com
04.06.2010 09:54 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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Datum: 04.06.2010 - 09:54 Uhr
Sprache: Deutsch
News-ID 21958
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