ZEBASOLAR INC's Indian Subsidiary Awarded 10MW PV Power Station in the State of Gujarat

ZEBASOLAR INC's Indian Subsidiary Awarded 10MW PV Power Station in the State
of Gujarat
- A Joint Bidding Team, Initiated by ZEBASOLAR INC, Won a 10 MWp Solar
Concession Project

BEDMINSTER, N.J., LONDON and DELHI, India, Aug. 17 /PRNewswire/ --

ZEBASOLAR INC is proud to have been chosen out of the numerous applicants as
one of the allotted companies for India's first major allocation of Solar
farms in the State of Gujarat. The 743MW award of Solar concessions thus far
is the largest in India and one of the largest allocations in the world to
date by a Government.

The Gujarat PV Project involves an investment of 35 million euro on the part
of ZEBASOLAR PVT LIMITED INDIA, a 85% subsidiary of ZEBASOLAR INC USA. This
plant will have an annual power production of 16.37 million kWh, and a
franchised operation term of 25 years. This win, the first for ZEBASOLAR in
India, is on the heels of more than 500MW of Solar plant applications the
company has made in various Indian states in early 2009.

In late January 2009, The Gujarat State Energy Agency (GEDA) planned an open
tender to confirm the on-grid electricity price and technical solutions. An
estimated total of 70 International majors and domestic energy players bid for
with over 5,400 MW worth of tendered applications.

"We are very proud to have won our concession in The State of Gujarat, we
commend the Honorable Chief Minister of the State, Mr. Narendra Modi as well
as the Secretary of Energy Mr. Jagdeesan, for their vision and foresight in
bringing Gujarat as the State which is not only leading the push in India to
go GREEN, but also making an impact on the world market by announcing a
concession of this size. ZEBASOLAR will bring its partners and technology to
ensure that the State succeeds in its plans and initiatives and helping India
become a renewable energy leader", stated Shahal Khan, Founder and President
of ZEBASOLAR INC.

"The project is expected to start construction within 5 months and has to be
completed within the 6 following months. Coming online estimated in mid-2010
and supplying the State with clean and efficient Solar Power", commented Majid
Khan, Director of ZEBASOLAR INDIA.

All PV systems will be PV tracker panels, installed on land. ZEBASOLAR is in
the process of setting up the GUJARAT joint venture company and confirming the
EPC contract.

About ZEBASOLAR INC
ZEBASOLAR INC is established in Bedminster New Jersey (USA), and is a
fast-growing and ambitious company with international activities in the Solar
IPP farm development and operation sector, with assets in Italy, India and
ongoing applications in the USA. As a project developer and investor,
ZEBASOLAR ensures the implementation of solar energy power plants, of which it
controls the ownership.

ZEBASOLAR PVT LIMITED INDIA is in the process of developing, building and
financing PV projects with a total capacity of more than 25 MW in 2009, which
are fully approved, out of 500MW in applications in India.

More about ZEBASOLAR is available on www.zebasolar.com

SOURCE ZEBASOLAR

Asher Kahn, PR Manager, +1-201-970-9876, Fax: +1-908-864-0118,
ASHERPR@ZEBASOLAR.COM