3Power Energy Group Inc. ("3Power" or "the Company") (OTCBB:PSPW)(FWB:PSD) and Seawind Services Ltd. ("Seawind") are pleased to announce that they have made major progress on the preparation of the U.S. Securities & Exchange Commission Form 8-K (the "Super 8-K") setting forth comprehensive disclosures and audited financial statements regarding the prospective acquisition of Seawind Energy and Seawind Services by 3Power. The transaction is anticipated to close on Monday May 16, 2011.

The combination of 3Power and Seawind is expected to establish combined operations with historical and anticipated future revenue streams, management expertise and project pipelines to place 3Power at the forefront of sustainable energy development. 3Power will exit U.S. Securities & Exchange Commission shell status upon filing of the Super 8-K, and commence the steps for acquisition of its first 58MW of Seawind's projects pipeline in Latin America. 3Power and Seawind intend to increase the members of the Board of Directors and appoint additional executives to the combined management team during the foreseeable future.

About 3Power Energy Group

3POWER is emerging as a world-wide independent major player in producing sustainable renewable energy. 3POWER plans to harness cutting-edge solar, wind, and hydro technologies to develop clean, sustainable power generation as trusted energy provider to utility companies and corporate entities around the world. 3POWER expects to establish its headquarters in London, with satellite offices and operations in North America, Latin America, Europe, and Asia. For further information: www.3powerenergy.com.

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Forward Looking Statements

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to 3Power, its business and prospective development plans. These forward-looking statements can be identified by the use of terminology such as "subject to," "believe," "expects," "plan," "project," "estimate," "intend," "may," "will," "should," "can," or "anticipates," or the negative thereof, or variations thereon, or comparable terminology, or by discussions of strategy. Although all of the forward-looking statements set forth in this press release are believed to be reasonable, actual results may differ materially from those expressed in forward-looking statements as a result of factors outside of the control of 3Power. 3Power cannot provide assurances that any prospective matters described in the press release will successfully close or otherwise be completed or that 3Power will realize the anticipated benefits of any such transactions. Important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in 3Power's Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on forward-looking statements. 3Power does not undertake and specifically disclaims any obligation to update, republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. All forward-looking statements should be regarded solely as 3Power's current plans, estimates and beliefs.

3Power Energy Group Inc.
Toby Durrant, Chief Investment Officer
Tel: +44 (0) 203 318 1995
Email: t.durrant@3powerenergy.com