http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7573697

Free Level 2

http://www.otcmarkets.com/stock/pspw/quote

Toby Durrant Filling Form 3
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7691447

Rudana Investment Group is the Controlling Owner of PSPW (3Power Energy Group)

Albania: EUR 4 billion hydropower plant deal signed with Swiss consortium - Rudana Investment Group
Albania's government Thursday signed a 4-billion- euro (5.35-billion-dollar) deal with Swiss consortium Rudana Investment Group AG for construction of hydropower plants and a refinery in the next four years reports Earth Times.    http://www.albaniapropertygroup.com/en/news/72

Rudana Investment Group's Investment in Albania  - As shown on Albania's Government Website:
PM Berisha welcomed the Executive Director of Rudana Investment Group AG and further he presented Albania potentials even in other fields. The prime minister emphasized further that infrastructure and energy projects are at the focus of strategies and reforms of his government. The financing of the existing projects in energy and participation in new energy works would be welcome and the government of Albania fully supports them. He assured the Executive Director of Rudana Investment Group AG that the decision of the groups he represents to extend investments in Albania will be success stories.
http://www.keshilliministrave.al/index.php?fq=brenda&m=news&lid=12676&gj=gj2

Here is an Albanian Article about Rudana Investment Group and their Role in Albania
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62841884&txt2find=.al

Forbes Video on Albania 
Intelligent Investing
Hydropower And Albania
Prime Minister Sali Berisha on foreign energy investments in Albania
http://video.forbes.com/fvn/inidaily/hydropower-investment-in-albania

On May 13, 2011, 3Power Energy Group Inc. (the "Company") entered into a Stock Purchase Agreement (the "Stock Purchase Agreement") with Seawind Energy Limited ("Seawind Energy"), Seawind Services Limited ("Seawind Services," and together with Seawind Energy, the "Seawind Companies") and the shareholders of Seawind Energy (the "Seawind Group Shareholders" and together with the Company, and the Seawind Companies, the "Parties").  The Company has acquired Seawind Energy, and its wholly owned subsidiary Seawind Services, from the Seawind Group Shareholders in exchange for the issuance of 40,000,000 restricted shares of the Company's common stock (such acquisition is referred to herein as the "Seawind Acquisition").  The valuation for purposes of such acquisition was determined to be $2,400,000 on the basis of an understanding between the Company and the representatives of the Seawind Companies as of January 25, 2011, with the number of shares to be issued thereof calculated by reference to the publicly quoted closing price of the Company's Common Stock on January 25, 2011.   The Seawind Companies have become wholly owned subsidiaries of the Company.   SEAWIND UK SEAWIND South America Seawind UK, Seawind House,98-99 Hotham Place, Millbridge, Plymouth PL1 5NE Telephone: 00 44 (0) 1752 565 638  -   Fax: 00 44 (0) 1752 564 308 Padre Mariano #272 oficina 403 - Providencia, Santiago Chile Tel : +56(2) 421 7111 - 421 7112 / Fax: +56(2) 421 7113       Founded in 2001, the Seawind group has grown into an organisation providing services in the development, financing, engineering, construction and operation of wind energy projects. Seawind also develops, builds and operates its own wind power projects across the globe and is active in wind energy technology development. Customers can expect a tailor made and high quality service ranging from stand-alone preliminary site assessments or wind monitoring campaigns to full turnkey project development. Engineering studies are carried out according to the latest industry standards and using accepted and proven software package for data analysis. Seawind has experience in on- and offshore projects, complex and remote sites, including embedded and hybrid wind systems. This wide range of expertise ensures clients receive technically and economically robust wind project solutions to meet a diverse range of energy needs and environmental strategies, no matter how challenging the project conditions are. It is without a doubt that energy demand in the international community will continue to grow rapidly, increasing pressure on depleting conventional fuels and adding to global pollution, creating unsustainable conditions for the world. Over the past few decades, wind energy has already proven it is a large scale and reliable alternative providing clean and secure long term energy, and it is the largest and most economical type of renewable energy. Seawind's vision is to provide innovative, flexible and sustainable energy solutions and technologies at competitive costs. With our experience in the renewable energy industry, organisations as well as individuals can be assured that we can provide the ideas, concepts, development and realisation of wind farm projects, even for the most challenging of environments or locations. Clients can expect professional and specialist expertise in the entire spectrum of wind farm and technology development. From initial site assessment through project design, technology selection, to engineering, construction and operation; our projects are designed and implemented to maximise energy capture in the most economic way. Our strong engineering skills have made us pioneers in wind power development in some of the most challenging conditions and locations. We were (and are) at the forefront of establishing a thriving wind power industry in several geographical locations and through a philosophy of close cooperation with local partners, integrate quickly and successfully in the local economy. Our expertise ranges from small kW sized isolated grid systems to large multi MW on- and offshore projects delivering energy to thousands of homes. Our portfolio ranges from technologically complicated projects requiring innovative solutions to large projects where economy of scale and repeatability are the main challenges. Whether a small kW sized project, a large multi MW wind farm or a wind technology related development, our expertise and experience will ensure that customers will receive the highest quality service.

After completion of the merger with Seawind, Rudana Investment Group will contribute it's Albanian Projects into 3Power Energy 

Seawind Photos

     
 
 

 

  3Power Energy News:

3Power Energy Enters Into $50 Million Financing Agreement

NEW YORK, March 11, 2011 /PRNewswire via COMTEX/ -- Prime Sun Power Inc. (OTC Bulletin Board: PSPW) (Frankfurt:PSD) (the "Company"), recently rebranded as 3Power Energy Group, is pleased to announce that it has signed a financing and security agreement with CR&P Holding S.p.A., an Italian investment group, for a $50 million secured loan.

The Company intends to use the facility to finance photovoltaic, wind and hydro power plant development projects and prospective acquisitions in Italy, France Turkey, Albania and Chile. "This is a major milestone achievement for 3Power Energy and sets the Company well on the path to achieving our goal of becoming a global leader in renewable energy production" said Toby Durrant, 3Power's Chief Investment Officer. "With this initial round of financing completed, in addition to the prospective closing of the merger with Seawind, the Company will have a sound foundation for growth and the resources to pursue our key objectives" he commented.

The proceeds of this loan will principally be utilized to finance the equity portion of the first projects from the Company's existing pipeline as well as to cover some of the Company's operational expenses and predevelopment costs.

The loan is being made available to the Company at a fixed rate of 5% per annum for a period of 10 years. In addition, the lender will also receive 20% of the annual net profits derived from each project for the duration of the loan. The loan will be secured by the assets of each special purpose subsidiary holding company. Each draw of the loan amount by the Company will be subject to customary due diligence by the lender.

The agreement comes as part of CR&P and its Abu Dhabi based investment partners, to grow the group business globally within the renewable energy sector.

3Power management is coordinating with CR&P in regard to selected projects details and use of loan proceeds information in order to finalize the loan proceeds disbursement plans. "We look forward to updating our shareholders and the markets as we commence each project and capitalize on the opportunity for 3Power Energy to become a world leader in sustainable power generation," said Toby Durrant.

About CR&P Holding S.p.A.

CR&P Holding S.p.A. is a diversified investment company based in Rome, Italy, with portfolio holdings in real estate and renewable energy with recent asset valuations in excess of 323 million Euros.

About 3Power Energy Group

3POWER is emerging as a world-wide independent major player in producing sustainable renewable energy. 3POWER intends to harness cutting-edge solar, wind, and hydro technologies to develop clean, sustainable power generation as trusted energy provider to utility companies and corporate entities around the world. 3POWER expects to establish its headquarters in London, with satellite offices and operations in North America, Latin America, Europe, and Asia. For further information: www.3powerenergy.com.

http://www.reuters.com/finance/stocks/keyDevelopments?symbol=PSPW.DE

Prime Sun Power Inc Rebrands As "3Power Energy" And Finalizes Terms For Merger With Seawind Group
Wednesday, 26 Jan 2011 06:00am EDT

Prime Sun Power Inc announced that it has rebranded into a new global brand that will be known as 3Power Energy Group (3POWER). The Company specializes in the development of renewable energy power plants world-wide. 3POWER has also finalized the terms of a prospective merger with the Seawind Group, a European based leader in renewable energy. Upon the completion of the merger, 3POWER expects to exit from shell status and intends to seek a listing on NASDAQ as soon as reasonably possible. Financial terms of the transaction were not disclosed. 3POWER and Seawind expect to close the merger as soon as 2010 audited financial statements are completed. 

PRIME SUN POWER INC. ("PSP") SIGNS A CO DEVELOPMENT AND ACQUISITION AGREEMENT FOR 100 MEGAWATT PHOTOVOLTAIC POWER PLANTS PROJECT IN FRANCE FOR 2011.

http://www.renewable-energy-sources.com/2010/10/27/prime-sun-power-inc-psp-signs-a-co-development-and-acquisition-for-100-mw-in-france/

3-9-2010 Prime Sun Power Inc. Signs 100M Euros (USD $137M) Definitive Agreement for the Sale of 25 Megawatt Photovoltaic Power Plant in Italy.

http://www.allbusiness.com/energy-utilities/utilities-industry-electric-power-power/14075184-1.html

The recent merger adds 20 Mil in Revs per year boosted into PSPW , with a 40 mil os our market cap should at least be 20 mil which equates to a pps of .50!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7573697

The Company has available approximately $2,991,000 of net operating loss carry forwards to offset future taxable income!

On January 10, 2008, a change of control of the Company occurred and Rudana Investment Group AG, ("Rudana") a corporation formed under the laws of Switzerland, became the new majority shareholder of the Company, controlling approximately 70% of the issued and outstanding shares of the Company's common stock. The Company plans to pursue a business model producing solar generated electrical power and other alternative renewable energies.


On March 2, 2010, the Company entered into a project acquisition agreement (the "Acquisition Agreement") with GPR Global Power Resources Ltd., a Company formed in Switzerland ("GPR," and together with the Company, the "Parties"). Pursuant to the Acquisition Agreement, the Company has agreed to sell to GPR all of the shares of a wholly-owned Italian subsidiary of the Company called PSP Italia S.r.l. This subsidiary will develop a turnkey alternative energy power plant, utilizing solar power. The purchase price for the shares of PSP Italia S.r.l. shall be a minimum of 4.05 million Euros per mega watt of power produced by the solar power plant

Strategic Investment Agreement with Bangkok Solar Power Co., Ltd.

On May 21, 2010, the Company entered into a Strategic Investment Agreement (the "Agreement") with Bangkok Solar Power Co., Ltd. ("BSP"), a leading manufacturer of PV solar modules and engineering, procurement, construction, and installation ("EPCI") contractor to acquire up to 6,639,063 shares of the Company's Common Stock from the Company. All shares issued to BSP will be subject to a lock-up period until December 31, 2013.

The Company and BSP have agreed to work together in a strategic alliance whereby BSP shall be appointed as the General Contractor to perform the EPCI contract for the Company's solar power plants for at least 50 megawatts peak per annum until 2013. BSP and the Company have agreed that BSP will perform the turnkey contract for the engineering, procurement and construction and installation of the Company's solar power plants, as will be set forth in a separate ECPI agreement.

BSP will purchase the Company's shares in increments of €400,000 upon activation of each megawatt of peak solar power to be covered by the EPCI service agreement. The incremental share purchase will only be payable if the EPCI includes a price of at least €3,000,000 per megawatt. BSP has agreed to purchase a total of 5,176,416 shares of the Company's common stock (the "Initial Shares") at a price of €7.73 per share for an aggregate purchase price of €40,000,000. For the incremental purchase of the Initial Shares, the Company shall issue to BSP an aggregate amount of 1,462,947 shares (the "Bonus Shares"), with each issuance of Bonus Shares proportional to the respective incremental purchase of the Initial Shares.

If all of the strategic alliance shares are acquired, BSP will own 6,639,063 shares of the Company's common stock, or 14.2% of the Company's issued and outstanding shares of common stock. Giving effect to the Bonus Shares together with the purchase price of the Initial Shares, the blended purchase price per share of the 6,639,063 shares of the Company's common stock to be acquired by BSP consisting of both the Initial Shares and the Bonus Shares will be equal to approximately €6.02 per share (approximately $8.21 per share at September 30, 2010).

In addition to the Initial Shares and the Bonus Shares, BSP shall, with respect to all EPCI relationships between BSP and the Company under which BSP thin film modules are engineered, procured, constructed or installed in the Company's solar power plants, be permitted to purchase from the Company additional shares of common stock at a purchase price calculated in the same manner as the Initial Shares and Bonus Shares (these shares are described as the "Thin Film Shares"). BSP shall have the option to purchase the Thin Film Shares provided the purchase price per megawatt for the modules is acceptable for both parties.

Project San Paolo and Project Puglia

On April 15, 2009, the Company entered into four agreements to obtain licenses and land lease call option rights for the development of certain photovoltaic power plant projects in Italy. These agreements included two Transfer Agreements: one for a project located in San Paolo, Italy (referred to herein as Project San Paolo) and one for a project located in Foggia/Apricena, Italy (referred to herein as Project Puglia and together with Project San Paolo, the Projects). Both of the Projects were located in the Puglia region of Italy.

Pursuant to the Transfer Agreements for the Projects, the Company planned to acquire option contracts from another party (referred to herein as the Transferor), as acquired from various landlords. The Company intended to acquire or lease certain land at specified prices for the purpose of constructing and installing photovoltaic plants. The Transferor was expected to assist the Company to apply for certain key licenses. The Company agreed to pay the Transferor certain transaction fees upon the performance of certain conditions by the Transferor.

Project San Paolo and Project Puglia have terminated as the Company was unable to obtain the necessary licenses to proceed with the Projects. All of the applicable agreements pertaining to the Projects have terminated in accordance with their terms. Prior to the cancellation of the Projects, that Company's largest shareholder, Rudana Investment Group AG, advanced 150,000 Euros towards each of the two payments required under the Transfer Agreements related to Project San Paolo and Project Puglia, for a total of 300,000 Euros ($428,980). The advance of these payments on behalf of the Company by Rudana Investment Group AG has been recorded as loan. The aggregate amounts of 300,000 Euros ($428,980) paid in respect of the Transfer Agreement have been charged to expense during the year ended December 31, 2009.

The Project San Paolo and Project Puglia which previously were deemed to have been terminated as of the end of 2009 were provided with possibility of revival in respect of proceedings by the Italian Constitutional Court. On the basis of the decision of the Constitutional Court the Company believes the Projects can be revived if the Italian regional licensing and authorization procedures are revised to comport with newly stated requirements constitutional applicable Italian federal laws or if the applications for the Projects are resubmitted under the long form procedures of Italian federal law. The period in which the Projects could possibly be revived is uncertain as of the date of this Report. The Company was not a party to the federal or regional Italian Constitutional Court lawsuit.

 Directors Of 3Power Energy

	DAVID TUCKER Chairman of the Board
	JAMES WILSON CEO and Board Member
	TIM ADAMS COO and Board Member
	TOBY DURRANT Chief Investment & Project Finance Officer
	PETER D-HAEN Senior Projects Manager
	GARY DUFF Senior Construction Manager
	JEREMY IONS Senior Commercial Manager
	MARCELO BANTO General Manager - Latin America