United Energy Group plc
United Energy Group plc: ‘Strategy Shift toward Renewable Energy Was the Right Move’
United Energy Group plc / Key word(s): Miscellaneous 18.03.2011 / 14:06 'Strategy Shift toward Renewable Energy Was the Right Move' Haslemere, United Kingdom - March 18, 2011 - Dr. Rolf Haferkamp, CEO of United Energy Group plc, feels the company's 2009 decision to shift its strategy toward the area of renewable energy is vindicated by the current energy policy debates. 'Undertaking this shift in strategy was the right move to make. The disaster in Japan has shown us that it is mandatory to step up the use of renewable energy to cover global energy needs. This will not only help solar energy to pick up steam again but will also drive forward-looking technologies like those used in the hydropower plants or mechanical-biological processing plants we plan to built in Eastern Europe and Vietnam.' For instance, Germany's Minister for the Environment, Norbert Röttgen, intends to speed up the introduction of new alternative energy sources in Germany, while EU Energy Commissioner Günther Oettinger is calling for a joint global energy policy that integrates renewable energy and pan-European networks that would move available power contingents wherever they are needed. 'Japan is changing the energy policy of the entire globe. We expect the demand for 'clean' power to perk up in this context, and this will in turn boost our ongoing and planned projects, among others,' said Haferkamp. United Energy Group plc United Energy Group plc is an independent listed energy company. Formed in 2006, the company focused initially on the area of energy production. During the past two years, UEG underwent substantial redevelopment, and operates now in the business areas of Energy Consulting, Energy Trading, and Energy Investments. The company has thereby responded to global market trends as it seeks to make a significant contribution to the energy supply sector, and to help meet the growing energy needs worldwide. Forward-Looking Statements This communication may contain certain forward-looking statements that include declarations of intent, strategies and opinions relating to the future and to the expectations of United Energy Group and its subsidiaries. Any statement contained herein is based on information available on the respective day to the management of UEG; and actual events, may vary depending on the occurrence of future events that may or may not be subject to the management's control, including risks and uncertainty factors that may cause the actual outcome to deviate considerably. Such risks and factors include, without being limited to, ramifications that acquisitions may have for the company and its capital structure, exploratory findings, market conditions, the stability of mineral oil and natural gas prices, the uncertainty factors inherent in the operative business of mineral oil and natural gas production, unexpected future investment requirements, competition, statutory provisions, and other factors. Contact: Business Network Marketing- und Verlagsgesellschaft mbH Corinna Kaspar Fasanenstr. 47, D-10719 Berlin Tel. +49 (0) 30 / 81 46 46 00 Fax +49 (0) 30 / 81 46 46 046 E-mail: ir@unitedenergy.com End of Corporate News --------------------------------------------------------------------- 18.03.2011 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 --------------------------------------------------------------------- 116104 18.03.2011
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