Alter NRG Reports Second Quarter 2009 Activities and Financial Results

CALGARY, Alberta, Aug. 17  /PRNewswire-FirstCall/ -- (TSX: NRG; OTCQX: ANRGF) - Alter NRG Corp., ("Alter NRG" or the "Company") is pleased to report on its corporate activities and financial results for the three and six month period ended June 30, 2009.  The following are the highlights for the second quarter of 2009 and the period up to August 13, 2009.

Q2 HIGHLIGHTS

Alter NRG owns an industry leading plasma gasification technology that can provide clean and renewable energy solutions from a variety of inputs including all types of waste and biomass. The technology is commercially proven with facilities operating since 2002. Alter NRG has a unique vision, a strong team, a leading technology, capable strategic partners and financial strength - we are well positioned for the opportunities ahead.

  --  Substantially completed the construction of Project Lighthouse, a
      commercial demonstration facility developed by Coskata Inc. (Coskata)
      that uses the Westinghouse Plasma Corporation (WPC) gasification
      solution to turn biomass into ethanol. The facility will begin
      operation in Q3 and represents a significant milestone in the
      development of cellulosic ethanol from non-food feedstocks.
  --  Announced the signing of an alliance agreement with Uhde Engineering
      Consulting (Shanghai) Co. to provide engineering services, marketing
      services and jointly pursue business opportunities predominantly in
      the Asia Pacific region, including China. This alliance agreement
      provides Alter NRG presence on the ground in China and Southeast Asia
      through a well respected and capable engineering firm.
  --  Travelled to China to follow up on interest generated from the initial
      visit in Q1 of this year. Alter NRG is currently advancing discussions
      with numerous large, credible Chinese companies and advancing a signed
      memorandum of understanding into a definitive agreement. The interest
      in China and Southeast Asia for the Westinghouse technology has been
      significant and the central government has aggressive plans to utilize
      renewable energy solutions.
  --  Continued the commissioning of the world's largest hazardous
      waste-to-energy (WTE) facility in Pune, India. The facility is working
      through commissioning and expects to be operational in late Q3 or Q4
      of this year.
  --  Advanced discussions in the European market with sizeable companies,
      respected engineering firms and governments that are looking for
      renewable energy alternatives. This has resulted in advancing
      submissions into several WTE projects in the UK and EU, being
      shortlisted for plasma projects in advanced stages of regulatory
      approval and also advancing project developments with strategic
      partners in the area. The European market has very favorable
      incentives and regulatory framework.
  --  Advanced commercial discussions for a 75 tonne per day WTE project
      located in Dufferin County, Ontario. Alter NRG submitted into a
      request for proposal process and was selected as the technology
      provider.
  --  Focused engineering efforts on the construction of the Coskata
      facility and the preparation for the testing program of our
      gasification testing facility in Madison, Pennsylvania. This resulted
      in lower second quarter revenues as the testing facility was closed
      and our engineering resources were supporting preparation for the
      upcoming 50 test program in Q3 and Q4 of 2009 estimated at
      approximately $3 million in revenue.

  --  Advanced 14 projects located worldwide which are at the engineering
      stage of the project development. Alter NRG continues to advance
      discussions with industry leading engineering companies and well
      capitalized energy companies and project developers which have
      interest in the industry leading Westinghouse technology.




For more information on the Company's activities please visit http://www.alternrg.com/ or http://www.sedar.com/ to view Alter NRG's 2009 Second Quarter Report.

  Contact:
  Mark Montemurro
  President and Chief Executive Officer
  [phone]

  Daniel Hay
  Chief Financial Officer
  [phone]

  Advisory Respecting Forward-Looking Statements:


The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties including but not limited to: unexpected events during construction, and start-up; variations in feedstock grade; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of commodities; failure of plant, equipment or processes to operate as anticipated; delays in the completion of development or construction activities, as well as those factors discussed in or referred to under the heading "Risk Factors" in the Company's Annual Information Form dated July 8, 2008 available at http://www.sedar.com/ which could cause actual results to differ materially from those anticipated and described in the forward-looking statements. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements. 

DATASOURCE: Alter NRG Corp.



CONTACT:  Mark Montemurro, President and Chief Executive Officer,

[phone], or Daniel Hay, Chief Financial Officer, [phone], both

of Alter NRG Corp.



Web Site:  http://www.alternrg.com/ 

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