Released on = April 2, 2007, 1:48 am

Press Release Author = Shushmul Maheshwari

Industry = Energy

Press Release Summary = The Haryana Renewable Energy Development Agency on 20
February, 2007 signed a MoU with seven IPPs to encourage renewable power generation
in the country.

Press Release Body = By signing the MoU (Memorandum of Understanding), on 20
February 2007, the Haryana Renewable Energy Development Agency has opened the
windows for further growth of the renewable energy sector of the country. The agency
co penned the MoU with seven IPPs (Independent Power Producers) before Mr. Bhupinder
Singh Hooda, Chief Minister for the state, and Mr. Chander Mohan, the Deputy CM.

As per Sumita Misra, Director- HAREDA (Haryana Renewable Energy Department Agency),
in a statement that PunjabNewsline published on 20 February 2007, these projects of
renewable energy would be environment friendly as well as help reduce power cuts in
peak hours.

Hooda said, with energy being the most vital part for the development of various
businesses in the country, his government wanted to support this sector by launching
several projects. The initial step in this direction was the announcement of the
policy in November 2005. Encouraging electricity generation via renewable sources of
energy was the focus of this policy, which called for private investors to launch
renewable energy projects in Haryana.

Solar energy, waste-to-energy, wind energy, small hydro projects, alternative fuel
and biomass are the major investment areas of the diversified renewable energy
industry in India. Strong business prospects exist in this industry for private
investors.

As per the RNCOS report “Indian Power Sector (2006)”, Indian government
is encouraging the foreign investors for setting up renewable-energy based power
generation projects on “Build-Own-Operate” basis. Such encouragement
from government will surely help bolster power generation capacity of the country.

This research report on “Indian Power Sector (2006)” addresses some
interesting issues for today’s global business environment. The report
provides objective analysis on all facets of Indian Power Sector such as market
forces driving the industry & challenges faced by it, major players exist in Indian
power industry, what opportunities exist in Indian power industry, etc.

The report further provides extensive research and objective analysis of the Indian
Power Sector. It’s a must read for investors, analysts, businesses and those
closely monitoring the developments in this industry as it helps clients in
analyzing the opportunities critical to the growth of Indian Power Sector.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM041.htm
Current Industry News: http://www.rncos.com/blog


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Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
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info@rncos.com