IRVINE, Calif., Jan. 22, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, announced that its subsidiary NDR Energy Group signed a Master Power Purchase and Sale Agreement with an electric power company to sell wholesale electric power. NDR Energy has been engaged in negotiations with several large electric power producers and marketers to purchase their bulk wholesale electric power. NDR Energy will sell the electric power to its electric utility customers to assist them in meeting the base load requirements of their customers, and also sell power to large commercial and industrial customers. The Company is projecting estimated revenues of $96 million to $384 million in annual sales of electric power with greater margins and profits for the Company.
Universal Bioenergy's NDR Energy Group Signs Major Contract To Market Electric Power
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