3Power Energy Group, Inc. has announced that the Board of Directors of 3Power Energy Group has selected Mr. Sharif Rahman as the company's new Chief Executive Officer. Mr. Rahman, who is currently the CFO of 3Power Energy Group and will remain in this interim position until a new CFO is appointed, began his new role with the company effective March 14, 2013. Prior to joining 3Power as a Director in September 2011, Mr. Rahman was formerly the CEO of the Falak Holding Group of companies.

After graduating with a major in commerce from Kerala University in India, Mr. Rahman joined the Falaknaz Holding Group upon its inception 36 years ago and has led the group's projects from the startup stage to full operation. Mr. Rahman remains the personal investment and business advisor to Mr. Falaknaz. In addition to his work with the Falak Holding Group, he was also the Founder and Managing Partner of International Expo Consults.