Alter Energy Group AG
Alter Energy Group AG: ‘Alter Energy Group Chief Executive Officer interviewed by OECD’
Alter Energy Group AG / Key word(s): Miscellaneous ‘Alter Energy Group Chief Executive Officer interviewed by OECD’ Zurich Switzerland – March 30, 2011 The interview was organized via a request from OECD to Miss Darya Revina ICC Ukraine Vice-Chairman on energy efficiency and head of AEG Government Relations. The OECD Eurasia Competitiveness Programme is engaged in a long-term project to support the Ukrainian government in improving the country’s business climate, competitiveness and attractiveness for Foreign Direct Investment (FDI). The purpose of the interview was for the OECD to learn more about AEG’s activities and the knowledge it has gained after six years in the Ukraine renewable energy market — specifically through its activities in the biomass and biomass power production markets. AEG’s experience will inform OECD recommendations to the government on which policies would be the most effective in attracting more FDI to these sectors. Mr. Klaeger IV, CEO of AEG states, ‘We are extremely pleased that AEG was selected for an interview by the OECD, one of the leading development organizations in the world, as part of its Ukraine renewable energy market strategic review. Now that it is complete we will send the OECD updated AEG information as requested and plan to continue relations with them in the future.’ Antonio Somma, Economist at the OECD, stated: ‘The production of energy based on biomass has emerged as one of the most promising sectors of the Ukrainian economy. It can potentially leverage the abundant agricultural waste of the country, reduce its fossil fuels bill, and attract foreign direct investments to the country.’ About AEG: AEG is a Zurich-based publicly traded Swiss company with emerging market operations in Ukraine. AEG develops, acquires, and invests in alternative and renewable energy projects and companies. The current target market is Ukraine with expansion into established markets such as the U.S., Canada and Germany with penetration into other emerging markets currently in development. About the OECD Eurasia Competitiveness Programme: The Eurasia Competitiveness Programme of the OECD was launched in 2008 to help countries of the region improve their business climates and achieve sustainable economic growth and employment through economic reform and foreign investment, with the support of OECD investment instruments and mechanisms. Launched in April 2009 as part of the Eurasia Competitiveness Programme, the Eastern Europe and South Caucasus (EESC) Initiative aims to help create a sound business climate for investment, enhance productivity, support entrepreneurship, develop the private sector, and build knowledge-based economies to render the region more competitive and attractive to foreign investment. The EESC Initiative covers Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine. Contact 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. End of Corporate News 30.03.2011 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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