CNPV & Navalakha Group Initiates Strategic Agreement with 7MWp Inauguration

LUXEMBOURG and DONGYING, China, July 3, 2013 /PRNewswire/ -- CNPV Solar Power SA, a public limited liability company organized under the laws of the Grand Duchy of Luxembourg and a leading integrated manufacturer of solar photovoltaic products, today confirmed the inauguration of Navalakha Group's initial 7 MWp installation, as part of their expanding long term strategic agreement.

(Photo: http://www.prnasia.com/sa/2013/07/02/20130702183317154153.html )

The 50 acre project site in Kemwadi, Osmanabad district near Solapur, Maharashtra, India, consists of 6 individual installations, co-joined for one grid connection point. The solar power plant, located in the sunniest belt of Maharashtra state is ideal for PV installation & high energy generation. The whole project was exceptionally rapidly executed by RelyON Solar, with planning to "Synchronization" of under 5 months, including delivery to installation completed under harsh conditions of 3 months. The timeline demonstrates the professional focus, detailed engineering and "time is money" approach from the participants.

Mr. Satendra Navalakha, Chairman of Navalakha Group, and his associates were keen to elaborate; "The techno-commercial reasons for setting-up the solar power plant in Osmanabad were clearly defined and robust. Our ability to act positively, professionally and faster than our peers, we believe explicitly demonstrates our capability to successfully develop and synchronise a large scale solar power plant in a short time span. We are delighted to have been supported by CNPV to bring this project to fruition without incident and commensurate with our solar PV introduction and growth strategy. This initial scheme is paving the way for similar future projects, with a foreseeable project development of magnitude approaching 40MW, and to that extent we are elated to have such a halo project to exhibit to our associates as they develop their solar plans."

"There are always localised issues to address when performing large scale installations," said Dr. Gundu Sabde, Managing Director of RelyON Solar, the EPC Company. "The solar module supply was smooth; they arrived on time, with no damage, and were easy to handle & install. The technical support & guidance provided by CNPV contributed to the quick install and successful commissioning within the tight timelines requested by Navalakha Group."

Mr Bypina Veerraju Chaudary, CNPV's COO & CTO was also jubilant at the completion; "It is always a pleasure to work with decisive individuals, particularly when their decisions are aligned with our own work ethics of extending customer satisfaction. It is particularly fulfilling to see Navalakha Group's initial venture into solar PV proceeding event-free & completed on time, and we eagerly anticipate the opportunity to further expand their solar PV penetration."

About CNPV

CNPV Solar Power SA (NYSE Euronext: ALCNP) compels cash generation for its chosen global customers. Techno-commercial innovation, underpinned by consummate quality and support, encircle CNPV's total solar PV business solutions of design, development and implementation of utility scale power plants and the manufacture of high performance Premium solar modules. Please visit CNPV's website at http://www.cnpv-power.com.

About Navalakha Group

Navalakha Translines is one of India's largest fleet owners of Chemical & Gas Tankers with annual revenue of INR. 350 Mn. Nav Gases & Chemicals is among the largest bottler of Liquor Ammonia with an Annual Turnover of INR. 600 Mn. Navalakha Construction has developed several commercial and residential projects in an around Pune since 1974. Navalakha's foray into Renewable energy started with setting up of Wind Energy Generators in early 2000. They own and operate 30MW WEG with an investment of over INR 1.5bn.

For more information, please contact:

CNPV Solar Power SA

Bypina Veerraju Chaudary, Chief Operating Officer

Phone: +86-13656-473355,

Email: chaudary@cnpv-power.com

SOURCE CNPV Solar Power SA