KSK Energy Ventures Limited, a company with experience in developing and operating power plants, proposes to enter the capital markets with a public issue of 3,46,11,000 Equity shares of Rs 10 each through 100% book building process. The price band has been fixed at Rs 240 to Rs 255 per equity share of Rs 10 each. The Issue opens on 23rd June 2008 and closes on 25th June 2008. The Issue will constitute 10% of the post-issue equity share capital of the Company. The equity shares are proposed to be listed on the BSE and the NSE. Fitch Ratings India Pvt Ltd has assigned a grade of 3 (ind) out of a maximum of 5 (ind) for the Issue. Kotak Mahindra Capital Company Ltd, IDFC-SSKI Pvt Ltd, Morgan Stanley India Company. Pvt Ltd, Lehman Brothers Securities Pvt Ltd and Edelweiss Capital Ltd are the BRLMs for the Issue and Axis Bank Ltd is the Co-BRLM for the Issue.

The promoter company, KSK Energy Limited, is incorporated and registered in Mauritius, and is a wholly-owned subsidiary of KSK Power Ventur plc, an Isle of Man incorporated entity listed on the London Stock Exchange’s Alternative Investment Market. The individual promoters of the company are Mr. K.A Sastry and Mr. S. Kishore The promoter company KSK Energy Ltd currently holds 61.39 % and LB India Holdings Mauritius I Ltd currently holds 31.57% of the pre-issue equity share capital of the Company.

KSK Energy Ventures Limited was established in 2001 to capitalize on the emerging opportunities in the Indian power sector and focus on developing, operating and maintaining power projects. KSK Energy Ventures has operational power plants capable of generating 144 MW of power, and power projects under construction that are capable of generating an aggregate of 675 MW of power. It has entered into multiple Power Purchase Agreements with captive consumers. The Company has three power projects under development and five planned projects for an aggregate capacity of 8,318 MW of power.

The Company proposes to utilize the net proceeds of the Issue to part fund its investment in Wardha Power Co. Pvt Ltd, either directly, or through KSK Electricity Financing India Pvt Ltd, to finance the equity component of the 1,800 MW coal-based thermal power plant at Chhattisgarh. KSK Energy Ventures Limited has received an aggregate of Rs. 415.34 crore pursuant to subscription in the Pre-IPO placing of Equity Shares at Rs.240/- per share , of which the company intends to use Rs. 215.34 crore for funding the Wardha Chattisgarh Project. The equity shares in the Pre- IPO placing have been subscribed by the following Investors:

-Macquarie Bank Limited

-Tree Line Asia Master Fund (Singapore) Pte Ltd

-GE Capital International (Mauritius)

-Universities Superannuation Scheme Limited,

-Infrastructure Development Finance Company Limited, and

-Axis Bank, Limited.

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