DGAP-News: Asiapac Capital Services Inc.: AsiaPac Capital Services Expects Shift in Energy Mix
(firmenpresse) - DGAP-News: Asiapac Capital Services Inc. / Key word(s): Miscellaneous
Asiapac Capital Services Inc.: AsiaPac Capital Services Expects Shift
in Energy Mix
29.03.2011 / 16:40
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AsiaPac Capital Services Expects Shift in Energy Mix
Japan's nuclear troubles represent opportunity for other sources of power.
Toronto, Canada - March 29, 2011
AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www
.asiapaccapital.ca), expects a shift away from nuclear and towards coal.
In the short term, Japan's economy is expected to take a big hit from the
9.0-magnitude earthquake and subsequent tsunami that hit Japan recently,
forcing the shut-down of 11 of Japan's 54 nuclear power plants - which
accounted for 30 percent of the country's power. Worldwide, it is
anticipated that many green-lighted nuclear power projects will be put on
the shelf in the short-term, and there will probably be cancellations of
some of these nuclear power projects.
To compensate, we can expect increased demand for other traditional energy
sources such as coal, oil and gas. This can have a positive impact on the
Company's Toledo Coal and Carmen Coal prospects, in Cebu, Philippines which
are being developed in partnership with Core 8 Mining.
Coal is already in short supply due to flooding in Australia and
disruptions on the supply side from Russia and India. This comes on top of
the long-term expectations that demand for coal will continue to rise to
meet demand as new coal fired power plants come on stream. The IEA
calculates that China currently generates more than 70% of its electricity
from coal and will add more than 600 gigawatts (GW) in the next 25 years.
Other analysts put the numbers even higher.
In short, there are both short-term and long-term pressures to push the
price of coal upwards.
Disclaimer&Safe Harbor Statement:
This release may contain certain 'forward-looking statements' with respect
to certain of AsiaPac Capital Services Ltd.'s plans, goals and expectations
regarding its future financial condition, performance, results, strategy
and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans',
'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will'
and variations of these words or similar expressions are intended to
identify forward-looking statements. In addition, any statements that refer
to expectations, beliefs, plans, projections, objections, performance or
other characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. Forward-looking
statements in this press release are not promises or guarantees of future
performance and are subject to risks and uncertainties that could cause
AsiaPac Capital Services Ltd.'s actual results to differ materially from
those anticipated. AsiaPac Capital Services Ltd. cautions the reader not to
place undue reliance upon any such forward-looking statements. These
forward-looking statements involve known and unknown risks as well as
uncertainties, including those discussed herein as well as the following:
(i) domestic and global economic and business conditions; (ii) market
related risks and the performance of financial markets generally; (iii) the
policies and actions of regulatory authorities; (iv) the impact of
competitive factors; (v) risks and uncertainties associated with future
acquisitions or combinations within relevant industries; and (vi) changes
in capital, solvency or accounting standards as well as tax and other
relevant legislation or regulations in the jurisdictions in which AsiaPac
Capital Services Ltd. operates. The actual results that AsiaPac Capital
Services Ltd. achieves may differ materially from any forward-looking
statements which are based on management's beliefs and opinions at the time
the statements are made. AsiaPac Capital Services Ltd. does not undertake
any obligation to update forward-looking statements should circumstances or
management's beliefs or opinions change.
For further information please contact:
AsiaPac Capital Services Ltd.
Suite 3500
Hudson Bay Center
No. 2 Bloor Street East
Toronto ON
M4W 1A8
Email: info(at)asiapaccapital.ca
investor(at)asiapaccapital.ca
End of Corporate News
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117460 29.03.2011
Datum: 29.03.2011 - 16:40 Uhr
Sprache: Deutsch
News-ID 33622
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