KENERSYS RECEIVES ORDER FOR 8 MW FROM BHARAT FORGE

Münster - Kenersys has received an order for 4 wind turbines K82 2.0 MW to be installed in Satara District, Maharashtra (India). The turn-key project includes a comprehensive Operation and Maintenance agreement for 10 years. The order was awarded to Kenersys India Private Ltd after a due diligence of Kenersys and its wind turbine technology by Bharat Forge Limited, Pune. The project will be set up at Satara District, Maharashtra in the Western part of India for Bharat Forge’s captive power requirement.

Baba Kalyani, Chairman and Managing Director, Bharat Forge said: \"Through this contract, Bharat Forge will be able to access the state of art wind turbine technology that optimizes productivity and reduces carbon emissions, thus contributing to a clean and green environment. We look forward to a fruitful relationship and a long-term association with Kenersys Group in the years to come\".

Paulo Fernando Soares, CEO Kenersys Group says: \"With immense pleasure we announce the signing of the 8 MW contract with Bharat Forge Ltd., and we would like to express our strong confidence in Kenersys capabilities to meet Bharat Forge expectations with this ground breaking order. By signing this contract, we have set up a platform to cater to their long term renewable energy needs and we look forward to a continued rewarding business relationship with Bharat Forge in the years to come\".


About Bharat Forge:

Bharat Forge Limited (BFL), the Pune based Indian multinational is a technology-driven global leader in metal forming having trans-continental presence across 11 manufacturing locations, serving several sectors including automobile, power, railways, shipping, oil and gas, aerospace, etc. Part of the Kalyani Group – a US $ 2.5 billion conglomerate with over 10,000 global work force; BFL today has the largest repository of metallurgical knowledge in the region and offers complete service supply capability to its geographically dispersed marquee customers from concept to testing and validation. BFL is on the threshold of a breakout growth in non-automotive space and has embarked on an elaborate strategy and is currently spearheading a major up scaling of its capacity in forging, casting, fabrication, machining and assembly to launch its multi-sectoral growth plans including power, oil and gas, railways and marine transport, aviation and mining.


About Kenersys:

Kenersys is a worldwide operating manufacturer of wind turbine generators. Founded in 2003 as an engineering company focused on wind, the company has become part of the Kalyani Group since 2007. In April 2008 First Reserve Corporation (www.firstreserve.com), US based leading energy thrived private equity firm, with over USD 12.5 billion funds under its belt and USD 1.2 billion invested and committed to alternate and renewable energy companies, invested in Kenersys.

Kenersys has global, aggressive and detailed plans that are well underway to emerge as a competitive provider of wind energy products and services. It has developed two
onshore turbines, the K82 2.0MW turbine with 82 m rotor diameter and the K100 2.5 MW turbine with 100m rotor diameter for IEC Type Class II sites.

Kenersys turbines are robust, designed to withstand the different climatic and operational conditions. The major components used in the Kenersys turbines are sourced from reputed suppliers globally with proven product track record. Kenersys turbines are designed to meet the new grid code requirements which include the Low Voltage Ride Through (LVRT). Kenersys turbines are also equipped with patented Internal Supply Unit & Full Conversion System which enables the turbines to fulfill all stringent grid codes.


Münster, September 23, 2010


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