Canasia Power Corp.

Canasia Power Corp.

December 22, 2009 14:28 ET

$400 Million MOU Signed by Canasia Power in Mumbai During Ontario Clean Tech Mission

TORONTO, ONTARIO--(Marketwire - Dec. 22, 2009) -

Editors Note: There is a photo associated with this Press Release.

Canasia Power Corp., a Canadian, Toronto-based power project developer, participated in the recent "Clean Tech Mission to India" led by the Ontario Premier Dalton McGuinty and the Minister of Economic Development and Trade Sandra Pupatello. During the Mission Canasia signed a Memorandum of Understanding in Mumbai with Chem Process Systems Pvt. Ltd., an Ahmedabad, India-based Company, to design, supply and commission 100MW of solar energy systems to provide electric power to the Company's proprietary technology for desalination, condensing and water treatment plants.

Both Companies are working on designing and implementing a pilot project to be commissioned by April 2010 for review by the Government of the State of Gujarat. The Canasia management team was augmented by its Board of Directors, Mr. Don Phillips, Mr. Elden Wittmier, Mr. Kirit Desai, and Dr. Tawfik Al-Kusayer, who are strongly endorsing Canasia's active participation in India's renewable energy sector with particular focus on solar energy.

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