Replies to post #1661888 on BB's Stock Haven

[goose44]

Vega Redesigns 'Green Valley Project' to Increase Power Production
8 minutes ago - Pr Newswire

Related Companies
Symbol Last %Chg
VGPR 0.0092 3.37%

As of 3:16 PM ET 11/5/09
VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets: VGPR) today announced the Company has entered into an Agreement with green energy expert, Robert Chew to redesign the "Green Valley Project".

Located in western Indiana, The Green Valley Project is a multifaceted green energy power production facility that converts inexpensive methane gas from an abandoned coal mine into electricity and thermal energy.

Vega recently announced it has entered into a Gas Purchase Agreement with Chattanooga based Tennessee Power Company to purchase the necessary methane gas to run the project. Tennessee Power Company owns the rights to the coal bed methane located in the 314 acre abandoned Green Valley coal mine. The methane gas will be pumped from the mine and delivered through gas lines directly to the production facility located on the surface just above the mine that was recently leased by Vega.

The methane has been tested and a demonstration project was in operation for approximately three years, proving the viability of utilizing coal bed methane from the Green Valley Mine as a sole source fuel to generate electricity from natural gas reciprocating engine generator sets.

Mr. Chew has been retained to manage the redesign of the project. One change that will be made is that the power generating capacity of the facility will be increased by 100% to generate approximately 5 megawatts of power that will be sold to the local power company.

A seasoned veteran of the energy industry, Mr. Chew has spent 17 years in the power sector mostly in Brazil working with Teco Power Services bidding on Greenfield power plant projects in Brazil. In addition, Mr. Chew has worked with DQE Energy Services to launch a distributive generation company in Brazil and help start a small distributive power and substation firm in Sao Paulo called Grupo Energia. Mr. Chew was a qualified nuclear plant operator in the United States Navy and graduated from the University of South Carolina with a Masters Degree in international business.

[goose44]

Vega Redesigns 'Green Valley Project' to Increase Power Production
8 minutes ago - Pr Newswire

Related Companies
Symbol Last %Chg
VGPR 0.0092 3.37%

As of 3:16 PM ET 11/5/09
VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets: VGPR) today announced the Company has entered into an Agreement with green energy expert, Robert Chew to redesign the "Green Valley Project".

Located in western Indiana, The Green Valley Project is a multifaceted green energy power production facility that converts inexpensive methane gas from an abandoned coal mine into electricity and thermal energy.

Vega recently announced it has entered into a Gas Purchase Agreement with Chattanooga based Tennessee Power Company to purchase the necessary methane gas to run the project. Tennessee Power Company owns the rights to the coal bed methane located in the 314 acre abandoned Green Valley coal mine. The methane gas will be pumped from the mine and delivered through gas lines directly to the production facility located on the surface just above the mine that was recently leased by Vega.

The methane has been tested and a demonstration project was in operation for approximately three years, proving the viability of utilizing coal bed methane from the Green Valley Mine as a sole source fuel to generate electricity from natural gas reciprocating engine generator sets.

Mr. Chew has been retained to manage the redesign of the project. One change that will be made is that the power generating capacity of the facility will be increased by 100% to generate approximately 5 megawatts of power that will be sold to the local power company.

A seasoned veteran of the energy industry, Mr. Chew has spent 17 years in the power sector mostly in Brazil working with Teco Power Services bidding on Greenfield power plant projects in Brazil. In addition, Mr. Chew has worked with DQE Energy Services to launch a distributive generation company in Brazil and help start a small distributive power and substation firm in Sao Paulo called Grupo Energia. Mr. Chew was a qualified nuclear plant operator in the United States Navy and graduated from the University of South Carolina with a Masters Degree in international business.