Relationship between two 'ecofirms' clarified
To follow up on a telephone conversation with Wes Keller concerning his article, "Alter NRG expands, tests weeds for syngas," in your October 1 issue, I am writing to clarify who we are.
Alter NRG Corp. is a publicly traded company (TSX: NRG, OTCQX: ANRGF) pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets.
The Company's vision is to commercialize growth technologies through environmentally sustainable and economically viable alternative energy projects. Alter NRG owns Westinghouse Plasma Corporation (WPC) and its proprietary plasma technology.
On Wednesday, September 30, Alter NRG announced execution of a binding offer and sale agreement for the acquisition of 100 per cent of the shares of Clean Energy Developments Corp. ("Clean Energy"), making Alter NRG the first public entity in the $7 billion geoexchange market in Canada.
Alter NRG and NRG Energy are two distinct, separate and autonomous corporate entities. They are not associated or controlled by a common parent or holding company.
However, Alter NRG and NRG Energy do have a strategic alliance, wherein a division of NRG Energy called "NRG Plasma Power" has an exclusive licence for the Alter NRG/WPC plasma gasification technology.
Both Alter NRG and NRG Energy were mentioned in a single press release included in our Investor Bulletin used as a vehicle to keep our shareholders, investors and other stakeholders informed of our operations, strategic alliances and latest developments. On Sept. 25, NRG Energy announced the selection of Somerset Station, the existing 108 mW power plant, would be redesigned with new Alter NRG/ Westinghouse plasma gasification technology.
Coincidentally, on Sept. 30, NRG Energy announced a pilot project at their Big Cajun II electrical generating station, where local conditions will be evaluated for growing switchgrass and high-biomass sorghum as renewable biomass fuels and it is this press release that is listed first on NRG Energy's website.
I trust this has been helpful in clarifying the misunderstanding.
Shannon Sharp
Alter Energy Corp.
Calgary AB









Post new comment