Disposal of interest

KSK Power Ventur PLC
25 March 2008


For immediate release                                             25 March 2008



                 KSK Power Ventur plc ('KSK' or 'the Company')


   Disposal of interest in Coromandel Electric Company Limited and Director's
                                further details.


Following the announcement on 28 January 2008 and in pursuance of the
Shareholder Agreement dated 6 April 2005 with the India Cements Limited ('ICL'),
ICL has exercised its right to purchase all the shares held by KSK and its
associates in Coromandel Electric Company Limited ('CECL') for an aggregate
consideration of USD 1.64 million (based on accounts as of September 2007) and
has remitted USD 1.19 million as advance towards the same. On completion of
audit as of the transfer date, the balance consideration (to be computed based
on the audited accounts as of the transfer date) will be paid by ICL. The
proceeds of sale would be utilized towards meeting the operational requirements
of the company.


CECL's plant was set up in two phases, with Phase I (consisting of 2 gas engines
of 8.73 MW each) aggregating to 17.46 MW commencing commercial operations in
November 2004 and Phase II (consisting of one gas engine of 8.73 MW) commencing
operations in January 2006. The entire power generated out of the aggregate
installed capacity of the plant of 26.19 MW is off taken by ICL.


The capital structure of CECL, prior to divestment, was as follows:


Equity Capital                     USD 0.125 million
                                  (KSK held 71.86% of the equity capital)

Redeemable Preference
Capital                            USD 2.06 million (KSK held Nil)
Redeemable Participating
Preference Capital                 USD 3.04 million (KSK held USD 1.25 million)


As of 30 September 2007, CECL had gross assets of USD 22.49 million and on a
turnover of USD 4.6 million, for the 6 month period ended 30 September 2007 it
made a Profit Before Tax and Extra Ordinary items of USD 0.74 million. As of 30
September 2007, KSK (including the 71.86% stake in CECL) had gross assets of USD
260.09 million and for the 6 months ended September 30,2007 had operating
revenue of USD 13.47 million  and net income before tax of  USD 23.46 million
(including investment income of USD 21.03 million).

KSK would continue to focus on its other power generation assets as well as
develop new power projects.


(All currency conversions, wherever required are at 1 USD=INR 39.81)


In continuation of the earlier announcement regarding the appointment of Mr.
Scott Richard Bayman, aged 64 years, as a Non-Executive Director on the Board of
KSK, pursuant to Rule 17 of the AIM Rules it is notified that he is also a
Director on the Boards of Punj Lloyd Limited, Gurgaon, India, Crompton Greaves
Limited, Mumbai, India and Jubilant Energy NV, Amsterdam, the Netherlands. There
is no further disclosure under Schedule Two, paragraph (g) of the AIM Rules.



For further information please contact:

KSK Power Ventur plc                       [phone]
S. Kishore, Executive Director
K.A. Sastry, Executive Director

Arden Partners plc                         [phone]
Richard Day / Adrian Trimmings

Buchanan Communications                    [phone]
Mark Edwards / Ben Willey




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