Alter Energy Group AG
Alter Energy Group announces Smela Biomass CHP Commissioning
Alter Energy Group AG / Miscellaneous 06.08.2010 07:00 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 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@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 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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