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Re: cyclone101 post# 230309

Friday, 05/22/2009 11:32:43 AM

Friday, May 22, 2009 11:32:43 AM

Post# of 2338186
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General Electric in Discussion

General Electric in Discussion With Notos on the Green Star/Notos JV Projects in Serbia

SAN DIEGO, CA--(Marketwire - May 12, 2009) - Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) announces negotiations with 'GE Energy' Development Group for South East Europe. Executives from 'GE Energy' met with Green Star's Serbian partner -- Notos -- in Belgrade for an exchange of experience and knowledge in the area of wind data collection, and to consider the future of wind power development in the Republic of Serbia.

The two day meeting was initiated by GE and organized within the context of the GE 'Strategy for South Eastern Europe.' The appropriate and skilled expansion of wind energy into the South East European electricity market was the foremost topic on the agenda. This focus will provide the foundation for GE to work in partnership with Notos in establishing the necessary framework for the development and execution of future alternative energy projects.

GE intends to do so specifically "... by increasing the cooperation between experts from GE and Notos in evaluating and organising the platform from which the projects will be executed. This shall be achieved with close cooperation with the Serbian government and Ministry of Energy." Mr. Neven Pecotic, Director of the GE Energy Development Group for South East Europe, elaborates, "After several years of preparatory activities and cooperation with the Balkan State Members, GE has been instrumental in helping them develop balanced national energy strategies, set up inter-ministerial coordination mechanisms, and create national focal points and energy information networks. Now, we distinguish in Notos, a young company with the necessary qualities and management acumen to see projects through the development phases on to completion."

Preparations are currently underway for the follow-up meeting which will take place in Belgrade during the month of May. Notos and the expert group from GE will chart the course of action on the implementation of renewable energies, in South East Europe, from 2009 onwards.

http://www.marketwire.com/press-release/Green-Star-Alternative-Energy-Inc-988028.html


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