Released on: May 27, 2008, 4:31 am

Press Release Author: Sky PR

Industry: Energy

Press Release Summary: Millennium Energy Industries Establishing Millennium Energy
Palestine with Strategic Partner Catalyst Private Equity and Arab Palestinian
Investment Ltd

Press Release Body: Millennium Energy Industries (MEI) in partnership with Catalyst
Private Equity and Arab Palestinian Investment LTD (APIC) announced the inception of
Millennium Energy Palestine, which will utilize the references, experience,
technology and exclusive agency relationships of Millennium Energy Industries to
develop the Palestinian Solar Heating Market.
Millennium Energy Palestine will serve the residential, commercial, and industrial
sectors by providing economically feasible solar solutions to satisfy the demand for
hot water and space heating for industrial hot water while saving its clients up to
85% on their conventional fuel bill (diesel, gas, and electricity). Market studies
show that with the current fuel prices in the Palestinian market, payback period for
Millennium's solar systems is close to one year depending on the application.
Millennium Energy Palestine will start its operations this summer in Ramallah.
Palestine has sizable potential in space heating and solar water heating in ;
hotels, hospitals, houses, educational institutions and industrial companies.
Advanced solar heating solutions provided by MEI in Palestine have an edge over the
traditional solar products currently present in the Palestinian market.
MEI's edge includes strong solution engineering, evacuated tube based products and
professional installation. The company has over two hundred references in solar
space heating in the region as well as many industrial hot water customers.

About Millennium Energy Industries
MEI is an international company operating in the Middle East & North Africa (MENA)
region. The company is a provider of solar energy solutions for an array of
applications for residential, commercial and industrial usage including: space
heating, central hot water systems and swimming pool heating. MEI's products
include; solar water heaters, evacuated tube solar collectors and the absorption
chiller which will be ready by 2009/2010.
The company sets presence in the MENA through a network of distributors and business
operations in Saudi Arabia, Lebanon, Bahrain, Egypt, Syria, Libya, Iraq, Palestine
and the UAE.
www.millenniumenergy.co.uk

About Catalyst Private Equity
Catalyst Private Equity is a regional Energy and Water sector product and technology
focused private equity firm, uniquely structured to have a positive strategic and
financial impact on the region. The company has completed a total of three
investments including; Omni Oil Technologies and Extreme Invent and Millennium
Energy Industries


Web Site: http://www.apic.ps

Contact Details: Ramallah, Palestine