DGAP-News: United Energy Group plc: Prime Minister of Republic of Srpska, Aleksander D?ombi?, Confir

DGAP-News: United Energy Group plc: Prime Minister of Republic of Srpska, Aleksander D?ombi?, Confirmed in Office / New Cabinet to Hold its First Session on February 3, 2011

ID: 33123

(firmenpresse) - DGAP-News: United Energy Group Plc. / Key word(s):
Miscellaneous/Miscellaneous
United Energy Group plc: Prime Minister of Republic of Srpska,
Aleksander D?ombi?, Confirmed in Office / New Cabinet to Hold its
First Session on February 3, 2011

02.02.2011 / 13:13

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Prime Minister of Republic of Srpska, Aleksander D?ombi?, Confirmed in
Office / New Cabinet to Hold its First Session on February 3, 2011

Haslemere, United Kingdom - February 2, 2011 - The formation of a new
government for the Republic of Srpska, a process that started in December
2010, has finally been concluded. According to a news release by the
Official Gazette of the Government of the Republic of Srpska on January 31,
2011, the council of the Federal Constitutional Court rejected the
complaint filed by the Bosniaks against Prime Minister Aleksander D?ombi?and confirmed him in office along with his cabinet. Die new government will
come together for its first session on February 3, 2011, and the official
appointment will have to be reconfirmed by the Official Gazette of the
Government of the Republic of Srpska that same day.

Aleksander D?ombi?, Prime Minister of the Republic of Srpska, already
announced ahead of time that the government would immediately start
operating at full capacity: 'The Constitutional Court ruled in our favour
in every point. Still, it is regrettable that the Bosnians used this unfair
procedure to intentionally keep the government from commencing its work -
this has cost us an entire month, and unnecessarily so,' said D?ombi?.

'Once the Government of the Republic of Srpska is finally capable of
acting, we expect to see shortly a government communiquéannouncing the
exclusion of the Greek Public Power Company (PPC) from the tendering
procedure of the Government of the Republic of Srpska for the planned




construction of four hydroelectric plants on the Upper Drina, and the
opening of direct talks with international investors by the tender
commission,' said Dr. Rolf Haferkamp, CEO of United Energy Group. 'This
will ensure that only financially potent companies that meet the
qualification criteria will be shortlisted for the selection of a strategic
partner.'


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.


End of Corporate News

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02.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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110925 02.02.2011

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Bereitgestellt von Benutzer: EquityStory
Datum: 02.02.2011 - 13:13 Uhr
Sprache: Deutsch
News-ID 33123
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