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25 November 2009

Greenko Group plc

("Greenko" or "the Company")

Subscription of $46 million by Global Environment Fund

The Board of Greenko is pleased to announce that on 24 November 2009 it  completed the Subscription and Shareholder Agreement as announced on 28 September 2009 under which Global Environment Fund, through its fund Global Environment Emerging Markets Fund III, agreed to subscribe $46 million in Greenko Mauritius, a wholly owned subsidiary of the Company. The Company has now received the funds through its subsidiary.

Enquiries:

Greenko Group plc  

Mahesh Kolli                              +91 (0)99 49586332

Anil Chalamalasetty                    +91 (0)98 49643333

Arden Partners plc                   

Christopher Hardie                    +44 (0)20 7398 1630

Adrian Trimmings 

Cardew Group                          

Rupert Pittman                           +44 (0)20 7930 0777

Jamie Milton 

Catherine Maitland 

NOTES TO EDITORS

Background

Greenko intends to become a leading owner and operator of clean energy projects in India. Greenko currently has 101.5 MW contracted capacity of clean energy assets including six biomass and three hydro plants and 154 MW of concessions under development. The Company is focused on developing a portfolio of biomass, hydro electric and wind assets within India and intends to increase the installed capacity it operates through a combination of purchasing projects as well as the winning of concessions to develop new greenfield assets. 

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