Additional 425MW of Projects Under Development

15 March 2013

Greenko Group plc

("Greenko" or "the Company")

Additional 425 MW of projects under active development

Greenko, the Indian developer, owner and operator of clean energy projects, is pleased to announce that it has added six new run-of-river hydro projects totalling 425 MW to its active development pipeline. Two projects are added to the existing hydro cluster in Himachal Pradesh and four projects are being added to form a new regional cluster in Arunachal Pradesh, with site work expected to start at both locations in late 2013.

Greenko's existing hydro portfolio consists of three clusters, in Himachal Pradesh, Sikkim and Karnataka. The Himachal cluster contains 11 operational run-of-river hydro projects totalling 71 MW and two projects, totalling 33.6 MW, that are under construction. In Sikkim, Greenko has one 96 MW project under construction, while the Karnataka cluster contains five operational run-of-river hydro projects totalling 94.25 MW and three projects, totalling 58 MW, that are under construction. Underpinning each cluster is a larger pipeline of active development project companies that are acquired once they have secured the key concessions, resource assessments and agreements, including the projects announced today, which add 115 MW in Himachal Pradesh and 310 MW in the new Arunachal Pradesh cluster.

The Himachal projects announced today consist of two cascading hydro projects in the Chamba District of Himachal Pradesh, near Greenko's existing projects. They are located on a tributary of the Ravi River, which has good hydrology data and offers relatively easy site access.

The projects added in Arunachal Pradesh form a new hydro regional cluster and consist of four cascading run-of-river hydro projects. Arunachal is one of India's most mountainous states and is substantially covered by the Himalayas. This region is one of the few areas remaining in India where large run-of-river projects are feasible, due to the steep topography and high quality hydrology based on snow melt, glacier melt and rainfall. The projects are located on the perennial Yargyap Chu River (a tributary of the Tato River) in the West Siang District and have a catchment area of approximately 839 sq km. The sites are particularly attractive, as they have good road access, reliable power evacuation and relatively little tunnelling.

Greenko's existing northern hydro projects have performed strongly, thanks to excellent hydrology. The Company now sees an opportunity to further improve portfolio returns through the addition of these new projects, which can connect directly to the high voltage transmission network and deliver premium priced peaking power. As a result, the new projects are expected to have a better than 50% Plant Load Factor for net sellable energy and deliver a superior return on investment.

Anil Chalamalasetty, Chief Executive of Greenko, commented:

'We are pleased to announce the addition of 425 MW to our northern hydro projects, with expansion in Himachal Pradesh and the addition of Arunachal Pradesh, secure in the knowledge that we have the technical capability to deliver them and now the financial fire power, thanks to today's announcement of a £100 million equity investment by GIC, one of the world's leading sovereign wealth funds. We are also seeing great progress in the roll out of our utility scale wind farms and expect to soon begin deploying the latest multi-MW turbines .'

 -Ends-

For further information please visit www.greenkogroup.com or call:

Greenko Group plc

Anil Chalamalasetty +44 (0)20 7920 3150

Mahesh Kolli

Vasudeva Rao Kaipa

Mark Thompson

Arden Partners plc

Richard Day / Adrian Trimmings +44 (0)20 7614 5917

Tavistock Communications

Matt Ridsdale / Mike Bartlett +44 (0)20 7920 3150

About Greenko

Greenko is a mainstream participant in the growing Indian energy industry and a market leading owner and operator of clean energy projects in India utilising a de-risked portfolio of wind, run-of-river hydropower, natural gas and biomass assets. The Group is now focused on building new utility scale wind farms and run-of-the-river hydropower across India. Greenko intends to increase the installed capacity it operates by winning concessions to develop and build new greenfield assets, as well as making selective acquisitions which enhance shareholder value.

Greenko's portfolio is carefully planned and managed to ensure it offers investors diversification and spreads its risk across a number of projects that utilise various well-proven environmental technologies. The Company's goal is to reach 1,000 MW of operational capacity in 2015 and approximately 2,000 MW in 2018.

With a core belief in sustainability both operationally and environmentally, Greenko endeavours to be a responsible business playing an important role in the community beyond its role in the power generation industry. The Company maintains a continuous involvement in localised projects and community programmes which centre on education, health and wellbeing, environmental stewardship and improving rural infrastructure.

Greenko Group plc was admitted to trading on the AIM market of the London Stock Exchange (LSE: GKO) in November 2007.