SAN DIEGO--(BUSINESS WIRE)--Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; “GSAE” or the “Company”) (http://www.greenstarae.com) is pleased to announce the signing of an agreement between the Green Star/Notos JV and the Municipality of Veliko Gradiste. The arrangement allows Green Star to explore the economic viability of the regional wind resources; and upon evaluation, the right to develop wind power and supply the area with green electricity.
The Municipality of Veliko Gradiste is located in north-east Serbia approximately 100 km east of the capital, Belgrade. Its territory encompasses 344 square km on the right bank of the Danube River and left bank of the Pek River. The initial micro location for placement of the Company’s wind sensors has been identified in the settlement of Ram, and the Municipality has allotted 200 hectares of land towards this endeavour.
Miodrag Andric, CEO of Green Star Alternative Energy, stated: “The Company will continue to increase its portfolio of wind resources as we execute our strategic plan and secure more development locations.”
Monday, July 13, 2009
Green Star/Notos JV Signs Agreement with Municipality of Veliko Gradiste
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