KSK Power Ventur PLC announced Interim Management Statement for the period from April 1, 2012 to August 24, 2012. For the period, operational developments in the power plants include; 540 MW Wardha Power Company Limited: The total gross power generated in the plant during the last four months stood at 1266.88 MU with an average Plant Load Factor (PLF) of 80% with the month of June 2012 recording gross generation of 326 MU. 135 MW VS Lignite Power Private Limited; The total gross power generated in the plant during the last four months stood at 352.75 MU with an average PLF of 89%.  VSLP is continuing its efforts on securing appropriate legal reliefs with respect to tariffs from industrial customers.

86 MW Arasmeta Captive Power Company Private Limited; The total power generation for the last four months is at 95.57 MU with an average PLF of 48% for the operational period since the plant was shut down between April 25th 2012 and 19 May 2012. 58 MW Sai Regency Power Corporation Private Limited; The total power generation for the last four months is at 163.63 MU with an average PLF of 89% in the combined cycle gas based power plant. Power is supplied to captive consumers against the committed long term Power Delivery Agreements, as well as other industries, utilities and third party consumers on a shorter term basis.

43 MW Sitapuram Power Limited: The total gross power generation during the last four months stood at 110.39 MU with an average PLF of 86%. The cost of coal was higher than anticipated on account of higher coal prices from The Singareni Collieries Company Limited, as well as from open market supplies. Construction Progress on 3.6 GW KSK Mahanadi Power Project: As regards the 3.6GW KSK Mahanadi (6X600 MW) Thermal Power Project under construction, the immediate focus and priority continues with respect to the first two units of 600 MW each, to ensure their balance with the plant site, as well as synchronizing them with planned fuel supplies.

In regards to the on-site construction progress during the review period, there was continued activity on civil works with respect to the Boilers, Electrostatic Precipitators, Chimney, together with construction works with respect to the main Power House Building, Turbine Generator foundations, 400 kV Switchyard, Coal Handling Plant, Cooling Towers and Raw Water Reservoir, which are all in a good stage of construction progress. The Boiler Drum lifting for the initial three units has been achieved and the Boiler Hydro test for the first unit was completed during July 2012. Hydro Power Initiatives; The detailed project reports and geo technical studies for hydro projects in Arunachal Pradesh have been completed and the Group anticipates collaboration with experienced and reputed power plant developers as a potential basis to move forward to the next stage of development and capital commitment of these large hydro initiatives.

Solar Power Initiatives; The Solar energy generation side of the Group has gained additional momentum with the recent securing of a project award to set up 10 MW of solar power generation plant in the state of Rajasthan under the Jawaharlal Nehru National Solar Mission, linked with a power purchase agreement for 25 years with the prescribed government  agency. Financial Performance: The financial performance during the three months of April - June 2012 at the Indian subsidiary KSK Energy Ventures Limited was announced on 4 August 2012 and demonstrated movement forward with gross income of INR 5,554 million as against INR 4,423 million for the similar period during the previous year and EBIDTA of INR 2,095 as against INR 4,423 million for the similar period during the previous year. Outlook; The KSK Group has in aggregate an operating power project asset portfolio of 881 MW coupled with the 3.6 GW project under execution and expect significant margin improvement on these operations in the coming year as increased asset utilization and lower cost fuel supply is implemented at the Wardha Warora Power Plant.