DGAP-News: United Energy Group plc: Re-Enacted Law for Energy Liberalisation in the Republic of Srpska an Important Milestone for UEG Energy Projects
United Energy Group Plc. / Miscellaneous
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Re-Enacted Law for Energy Liberalisation in the Republic of Srpska an
Important Milestone for UEG Energy Projects
Haslemere, United Kingdom - October 9, 2009 - The long-expected legal
changes for the liberalisation of the energy market in the Republic of
Srpska has just been ratified by the Par-liament. 'This clears the way for
free-market commitments and private public partnerships in the region's
energy sector,' commented Dr. Rolf Haferkamp, CEO of United Energy Group
plc. 'It represents the long-expected, decisive milestone in our strategy
in the Balkans.'
With the law for a liberalisation of the energy market in place, the
Republic of Srpska has created the basis for the commitment by private
investors and ensured a sustainable security of investment. Before the
background of the supply shortage on the Balkans, assessed by the World
Bank at about 7,000 MW through 2015, this marks an important and proper
step toward an assured future supply throughout the entire region.
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.
Assertions Regarding the Future
This corporate news may contain certain assertions regarding the future
that include statements, declarations of intent, strategies and opinions
relating to the future and to the expectations of United Energy Group and
its subsidiaries. Any assertion 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 events 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
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09.10.2009 Financial News transmitted by DGAP