SAN ANTONIO, Texas,
April 19, 2013 /PRNewswire/
-- TransAct Energy Corp. (OTCQB: TEGY) announced today it has
initiated the permitting/permissions process for the development of
its Scotland based 500 tonne per
day Energy from Waste plant. The process to secure a Part A permit
under section 5.5 of the Pollution Prevention and Control
(Scotland) Regulations 2012
Applications namely "Production of fuel from Waste" is underway.
The permissions required from the municipal authority with
jurisdiction over the plant, West Lothian Council, will be sought
at the same time.
TransAct is working to obtain transmission licenses for the
natural gas and electricity produced as part of our permitting
process. Part A permits do not allow the use of the fuel produced
at the 500 tonne per day plant. With transmission licenses in hand
TransAct is able to enter into long-term off-take agreements for
the 320 thousand liters of LNG and 80 MW per day of electricity
with local utilities.
"Upon completing several engineering tasks for European
operations we will file our permits and permissions applications,"
says Rod Bartlett, President and CEO
of TransAct Energy Corp. "We look forward to working with the
Scottish Environment Protection Agency and the West Lothian Council
to bring the future of waste management to this community."
About TransAct Energy Corp.
TransAct Energy Corp. is a Nevada organized company trading on the OTCQB
as TEGY. Their business is the development, production, management
and conservation of energy through sustainable projects. TransAct's
focus is emissions free energy produced from carbonaceous
waste.
Visit TransAct's website www.transactenergycorp.com, follow them
on twitter transactenergycorp@transactenergyc and contact
them for more information about TransAct Energy.
Media Inquires:
ROD BARTLETT,
President CEO
info@transactenergycorp.com
210-888-0785
Safe Harbor This press release contains certain statements that
may include "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects," "anticipate,"
"optimistic," "intend," "will" or other similar expressions. The
Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website at http://www.sec.gov . All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under applicable securities
laws, the Company does not assume a duty to update these
forward-looking statements.
SOURCE TransAct Energy Corp.