$2bn In Renewable Energy Exports For Green Energy Resources

ENERGY TECH

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Huntington NY (SPX) Jun 02, 2005
Green Energy Resources is poised for a $2 billion dollar, 40 million ton, 10 year, 3 stage phase in deal in Europe. The contract begins in 2006 and escalates in volumes as 3 biomass power plants are constructed.

The largest of the biomass power plants is a 250 megawatt plant that will consume 4 million tons annually.

The third of three plants is currently scheduled to be completed in 2009. The contract is one of three deals completed on its recent European trip. Details of the other contracts will be disclosed over the next few weeks.

Green Energy Resources conforms to the European Unions environmental sourcing and procurement requirements, a major factor in global competition. Suppliers must disclose and prove its products are environmentally sound, and meet criteria established by the Sustainable Procurement Task Force.

Green Energy Resources UTCS (urban tree certification system) is 100% Kyoto compliant and environmentally certified wood biomass.

Joseph Murray, CEO of Green Energy Resources, stated "its UTCS program will have a major positive impact on how American cities and towns handle wood waste and storm damaged wood in the future.

"The contract firmly establishes a new market place for UTCS certified wood. Its an opportunity for United States communities and local governments to reduce greenhouse emissions, recycle, and participate in global carbon reduction."

Green Energy Resources is expected to have its UTCS software ready for marketing before the end of 2005.

Green Energy Resources is expected to meet with its investment bankers to discuss underwriting details shortly. Bankers include Brock Capital Group, and Morrison & Kibbey, of New York City.

Rivkin Radler of Uniondale NY, is Long Islands largest law firm, and will handle final contract details, always subject to ship procurement availability; GER and its ship broker Compass Maritime of New Jersey, will meet with ship owners in New York in mid June.

ENERGY TECH

State Leader Breaks Taboo To Suggest Australia Turn To Nuclear Power

Sydney (AFP) Jun 02, 2005
Australia's most powerful state leader broke a long-held taboo Thursday by suggesting the country turn to nuclear power as a way to ensure energy supplies and combat global warming.

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