Alter Energy Group AG
Alter Energy Group appoints Director of Small Hydro Operations
Alter Energy Group AG / Key word(s): Change of Personnel ‘Alter Energy Group appoints Director of Small Hydro Operations’ Zurich Switzerland – Oct. 12, 2011 Under terms of the appointment Mr. Jud will oversee all technical and economic aspects for proposed AEG small hydro power plant (SHPP) development projects and acquisitions. Duties will include: feasibility study preparation, technical schemes, equipment selection and purchasing as well as oversight of the local construction, engineering project development companies to properly manage all aspects of project implementation and operational set-up. Bernhard Jud stated. ‘I am proud to be a part of the AEG team and see great potential in their small hydro power strategy. There is a tremendous amount of unrealized small hydro power potential and SHPP opportunities in Ukraine. There is also a need for European standard engineering and expertise in the country. This, together with the highly favorable Ukraine Green Tariff structure and AEG’s long established experience and activity in the market, create a unique opportunity the build the first successful foreign-owned small hydro project developer and owner in Ukraine. I look forward to working with AEG to realize this opportunity’. 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 planned expansion into other emerging markets in the region as well as established markets in North America and Europe for future consideration. About the Bernhard Jud: 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 17.10.2011 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 |
142470 17.10.2011 |