Canasia Power Corp.

Canasia Power Corp.

March 24, 2009 08:00 ET

Canasia Power Develops 4,000MW of Clean-Coal Power In India

TORONTO, ONTARIO--(Marketwire - March 24, 2009) - Canadian-based Canasia Power Corp. begins development of 2 'Mega' 2,000MW supercritical thermal power projects in India, one in the most power deficient State of Uttar Pradesh, and the other in the most industrialized State of Gujarat. The two States, and the Country itself are projecting strong current and future demand for power as the Indian economy continues to expand.

Canasia Power Corp., a Canadian power development company, was formed to develop, build, own and operate electricity generating power plants using the latest environmentally efficient technologies, in highly power deficient but strong developing economies like India.

Canasia has upped its stake in India's growing economy with its chronic and increasing power deficit, by dramatically increasing the size of its original, well advanced 800MW thermal power project in Uttar Pradesh to 2,000MW, and undertaking a new 2,000MW thermal project in Gujarat, to be set up on the coast, to facilitate the importation of fuel.

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