Alter Energy Group AG
Alter Energy Group AG: ‘Alter Energy Groups’ Smela biomass project receives commissioning certificate’
Alter Energy Group AG / Miscellaneous 21.04.2010 11:55 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 'Alter Energy Groups' Smela biomass project receives commissioning certificate' Zurich Switzerland - April 21, 2010 ALTER ENERGY GROUP AG ('AEG') (Frankfurt Stock Exchange Ticker Symbol:: 39f) announced today that on March 11, 2010 the companies Smela Biomass CHP Pilot Project received its State Commissioning (certificate of exploitation) to commence on-line service. Edward J. Klaeger IV, CEO of AEG explained, 'The issuing of the State Commissioning Certificate was the last obstacle to receiving our Green Tariff license. Despite very difficult economic conditions through hard work and patience, together with capital and construction contributions from our European and Ukraine partners, we have been able to implement the direct combustion biomass design developed by AEG in the spring of 2009. Our focus now is to begin implementing the Stage II expansion and upgrade. To facilitate partial funding of Stage II AEG and Smelaenergopromtrans will re-invest their respective profit share from Stage I. We look forward to successful Green Tariff on-line operations and establishing credibility for foreign direct investment under Ukraine Green Tariff.' About AEG: AEG is a Zurich-based publicly traded Swiss company with operations in Ukraine. AEG is active in acquiring and making investments in Ukraine alternative and renewable energy generation and distribution projects and companies. For more information on AEG please visit: www.alterenergygroup.com Investor Relations: info@alterenergygroup.com 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. 21.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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