DGAP-News: Alter Energy Group announces Smela Biomass CHP Commissioning
(firmenpresse) - Alter Energy Group AG / Miscellaneous
06.08.2010 07:01
Dissemination of a Corporate News, transmitted by
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The issuer / publisher is solely responsible for the content of this announcement.
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'Alter Energy Group announces Smela Biomass CHP Commissioning'
Zurich Switzerland - August 6, 2010
ALTER ENERGY GROUP AG ('AEG') (Frankfurt Stock Exchange Ticker Symbol: 39f)
announces the successful completion of commissioning for its 'Smela'
Biomass CHP Plant.
Edward J. Klaeger IV, CEO of AEG explained, 'The successful completion of
the commissioning stage of our Smela 2.5 MW wood biomass CHP plant (Smela
Stage I), the first commercial plant of its kind in Ukraine, is significant
for our strategic penetration of the Ukraine renewable energy market. Smela
provides AEG and its subsidiaries JEP and SEP a distinct competitive
advantage for additional biomass CHP project development and
implementation. We are currently in due diligence on several potential
projects to expand our biomass CHP operations in Ukraine.'
About JEP and SEP: JEP is a Ukraine based engineering, project owner and
developer located in Kiev. SEP is the local corporate entity that owns and
operates the Smela CHP Plant as a minority subsidiary of JEP and majority
subsidiary of AEG.
About AEG: AEG is a Zurich-based publicly traded Swiss company with
operations in Ukraine. AEG is active in developing; acquiring and making
investments in Ukraine based renewable energy generation and distribution
projects and companies.
For more information on AEG please visit: www.alterenergygroup.com
Contact
Investor Relations: info(at)alterenergygroup.com
Alexandra Taran
+41 44 500 5411
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.
06.08.2010 07:01 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 06.08.2010 - 07:01 Uhr
Sprache: Deutsch
News-ID 31902
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