AEG Power Solutions is Awarded a Major Solar Contract in Madhya Pradesh (India)

  AEG Power Solutions is Awarded a Major Solar Contract in Madhya Pradesh

  *Partnership with M and B Switchgears Ltd. for a 30 MW agreement
  *The company crossed over 100 MW of orders within a year in India

Business Wire

BANGALORE -- February 25, 2013

AEG Power Solutions, a leading global manufacturer of power electronic systems
and solutions for industrial power supplies and renewable energies, was
awarded a 30 MW solar power plant project from the pioneers of Renewable
Energy Certificate Mechanisms in India, M and B Switchgears Ltd.

One of the solar power plants equipped by AEG Power Solutions, Saisudhir site,
Andhra Pradesh provin ...

One of the solar power plants equipped by AEG Power Solutions, Saisudhir site,
Andhra Pradesh province, India.

Located in Madhya Pradesh, M and B Switchgears Ltd. will be provided with high
reliability inverters for their solar power plant by AEGPS (India) within the
first quarter of 2013.

“We are thrilled to have bagged this contract. We start the year with two
major achievements: this 30MW contract and totaling orders over 100MW within
the last one year. The growing energy demand in the country requires an
uninterruptable power supply and a reliable infrastructure for industrial
power users. AEG PS offers a consistent product portfolio covering these
demands perfectly,”said Sridhar Murthy, Managing Director of AEG Power
Solutions in India.

Mr. Vikalp Mundra, Director M and B Switchgears Ltd said “We are glad to have
AEGPS as our partners on board for this project. M and B Switchgears was the
first solar power producer in India to be issued 249 solar Renewable Energy
Certificates. Partnering with AEGPS, known for their premium quality and
highly efficient products, will further strengthen our commitment towards an
alternative energy future.”
“Developing ourselves in India meant facing specific challenges; technical
challenges due to location and climates, as well as market challenges due to
fierce competition. This contract is a success for our Indian team and a step
forward in our development on the Indian solar market”, explains Bob Roos, VP
Solar Strategic Business Unit of AEG Power Solutions.

With a strong service capability and a local state-of-the-art manufacturing
facility for centralized solar inverters, AEGPS has met varied customer
expectations despite the market challenges in the last twelve months.


About AEG Power Solutions
AEG Power Solutions (AEG PS) Group is a global provider of power electronics
systems and solutions for all industrial power requirements offering one of
the most comprehensive product and service portfolios in the area of power
conversion and power control. Two complementary operating business segments,
Renewable Energy Solutions (RES) and Energy Efficiency Solutions (EES) serve
customers worldwide. The RES product and service portfolio consists of systems
and solutions for solar power plants, such as solar inverters, monitoring and
control systems as well as power controllers for a wide range of industrial
applications such as polysilicon, energy storage, sapphire and glass. The EES
product and service portfolio includes high-performance uninterruptable power
supplies (UPSs), industrial chargers, DC systems and converters.

Thanks to its distinctive expertise bridging both AC and DC power technologies
and spanning the worlds of both conventional and renewable energy, the company
creates innovative solutions for smart grids.

AEG PS’ global footprint includes 17 subsidiaries and competence centers
around the world with 1,600 employees.

AEG Power Solutions Group is the sole subsidiary of the holding company 3W
Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg. The Group is
headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are
admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9).

For more information, visit

About M and B Switchgears Ltd.

M and B Switchgears Ltd. has been one of the most trusted names, in the
business of transformer manufacturing of India over last 3 decades. Under the
stewardship of its Chairman, Mr. S. S. Mundra, the Company has grown from
being small scale transformer manufacturers to a publicly listed entity. The
Company’s diverse activity ranges from manufacturing of transformers
(distribution of power) to exploiting of Renewable sources of energy
(generation of power). The Chairman is now ably assisted by young directors Mr
Vikalp Mundra and Mr. Anurag Mundra in steering the Company to its future
vision. M and B Switchgears Ltd. is also coming up with another project of 20
MWp under REC mechanism, at the locations in the vicinity of the existing site
by 2013. The Company has devised an innovative offering called as 'UJAASTM ',
which provides complete plug & play solution to the investor for putting up a
solar power plant.

This communication does not constitute an offer or the solicitation of an
offer to buy, sell or exchange any securities of 3W Power. This communication
contains forward-looking statements which include, inter alia, statements
expressing our expectations, intentions, projections, estimates, and
assumptions. These forward-looking statements are based on the reasonable
evaluation and opinion of the management but are subject to risks and
uncertainties which are beyond the control of 3W Power and, as a general rule,
difficult to predict. The management and the company cannot and do not, under
any circumstances, guarantee future results or performance of 3W Power and the
actual results of 3W Power may materially differ from the information
expressed or implied in the forward-looking statements. As a result, investors
are cautioned against relying on the forward-looking statements contained
herein as a basis for their investment decisions regarding 3W Power.

3W Power undertakes no obligation to update or revise any forward-looking
statement contained herein.

AEG is a registered trademark used under license from AB Electrolux

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Ute von Cranach
Marketing Communications RES
AEG Power Solutions
Tel.: +49 2902 763 256
Mobile: +49 170 574 9094
Claire Pairault
Corporate Communications
AEG Power Solutions
Tel.: +331 555511076
Mobile: +33 6 19609164
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