Alter Energy Group AG
Alter Energy Group signs bi-lateral agreement with IME Power
Alter Energy Group AG / Key word(s): Agreement ‘Alter Energy Group signs bi-lateral agreement with IME Power’ Zurich Switzerland – February 4, 2011 Under terms of the Agreement IMEPOWER will provide technical, engineering, commercial and regulatory compliance services for AEG projects in Ukraine. IMEPOWER will work closely with AEG in expanding its renewable energy portfolio by introducing AEG to project owners and developers that fit within the AEG model and helping AEG to assess respective investment opportunities. Edward J. Klaeger IV, CEO of AEG stated, ‘The bi-lateral working agreement with IMEPOWER provides AEG a strong strategic partner capable of effectively executing multiple tasks according to Western standards while also helping manage the domestic business environment necessary for the success of our Ukraine renewable energy strategy. The relationship with IMEPOWER will also help increase our portfolio and diversify revenue streams by bringing developed renewable energy projects and project owners for potential AEG acquisition, development and finance.’ Dr. Yuri Kubrushko, CEO of IMEPOWER states: ‘AEG has already built a strong reputation in Ukraine as developer and investor of alternative and renewable energy projects. In our opinion, the segment of respective small and middle size projects will be booming in the nearest years with dozens of project owners coming to the market each year searching for investments and international know-how that will help them to implement their projects. AEG’s well established presence in Ukraine will help them to quickly build a strong portfolio of projects and maximize benefits of the Green Tariff regulations adopted in Ukraine in 2009 and 2010.’ 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 IMEPOWER: IMEPOWER is Ukrainian advisory group established in 1997 and specializing in providing strategy, investment, technical, commercial, legal and regulatory advice to investors, lenders and developers of projects in the Ukrainian energy sector. During recent years IMEPOWER has been focusing on attracting investments for development of renewable energy projects, preparing feasibility studies and providing due diligence services. 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 04.02.2011 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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