United Energy Group plc
United Energy Group plc: United Energy Group Welcomes Energy Strategy Pursued by the Republic of Srpska – Swift Realisation of the Production Facilities the Foremost Goal
United Energy Group Plc. / Miscellaneous 04.06.2010 09:54 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. --------------------------------------------------------------------------- Haslemere, United Kingdom, June 4, 2010 - United Energy Group welcomes the energy strategy through 2030 that was presented by the Government of the Republic of Srpska in late May. The strategy white paper lays the foundation for the development of the domestic energy market for the next 20 years, and defines a number of objectives and measures. 'As early as 2008, the Republic of Srpska committed itself by parliamentary decision to push ahead with the country's energy policy. This became the basis for numerous talks with international investors which are now beginning to bear fruit in the form of a concrete energy policy,' stated Dr. Rolf Haferkamp, CEO of United Energy Group. The goal the Republic of Srpska set for itself is not just to provide all of its residents with proper access to electric power, but to provide a high-quality power supply. In addition to the use of fossil fuels, the plan calls for exploitation of the country's hydroelectric potential. This presupposes the construction of production facilities in an initial stage, as there have been no investments of this sort for the past 25 years. 'With its energy strategy, the Republic of Srpska has clearly pledged to mobilise companies from the most diverse industries and countries for the construction of energy facilities, thus launching a new, comprehensive investment cycle. This is where our Southeast Europe strategy and our commitment in the Republic Srpska come in,' said Haferkamp, specifically welcoming the fact that, during its press conference on May 25, the Republic of Srpska did point out the necessity to commence activities in the near future in order to implement the strategy. In the weeks to come, the energy strategy of the Republic of Srpska will be supplemented with comments by its Parliament, enabling the National Assembly of the Republic of Srpska to ratify the strategy white paper and the action plan before the summer recess. 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. 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 04.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found