3Power Energy Group Inc (PSPW)

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3Power Key Developments Create A Key European Utility Group

3Power Energy Group Inc. (OTC Markets “PSPW”) is pleased to announce progress on its
Shala River Power Plant development in Albania. The company is operating from its offices in Tirana, Albania, and is now fully operational. The company engaged KI-Kelag International GmbH (www.kelag-international.com) to complete the required engineering work to obtain the construction permit (Kelag is a leading Austrian company in Hydro Power Plants engineering and operation with more than 1000Mwt operating Power Plants in the Balkan Countries). The company also engaged a local team of experts for
the Albanian energy regulatory process to prepare and submit all documents required for the
definitive construction permit and compliance with the Ministry of Energy rules and
regulations. Additionally, the company appointed Boga & Associates (www.bogalaw.com), a
leading Albanian law firm to act as the company’s legal advisor and legal counsel in Albania.
Boga & Associates will also oversee the project development compliance process.
3Power is also in negotiations with Chinese Contractors for a FEPC (“Finance Engineering
Procurement Contracting”).

The Company founded a subsidiary in Ireland (Shala Energy Plc) to own its equity in the
Albanian Shala River Project. Shala Energy Plc will be the Shala project funding company
and will expand Power Plant developments and acquisition operations in the Balkan countries.
3Power plans to apply for an Energy Trading License in Albania, for the distribution of
electricity produced by the Shala Energy Power Plant once construction is completed and will
trade electricity within Balkan Countries and also export power to the Middle East.
“This long awaited development required patience and hard work from the management, as
well as substantial financial and political support from the Falak family of Dubai, which
remains committed to the company”, said Mr. Sharif Rehuman, company CEO.
“I see the company moving with solid steps to be a true utility company. We overcame many
obstacles which came in the development path. The current situation proves that we are
moving in the right direction”, said Mr. Falaknaz, Company Chairman

http://www.3powerenergy.com/images/3Power_NewsLetter2.pdf