ZURICH , Switzerland, November 14 /PRNewswire/ --

- Construction of a 400 MW Heat and Power Station in San Severo

The Swiss gas and energy company AVELAR Energy Group - a subsidiary of RENOVA Group founded in 2006 - has significantly expanded its operations in Italy. AVELAR announced today its entry into EnPlus, an existing joint venture that has already begun construction on a 400 megawatt gas-fired power plant in San Severo. From now on 60% of EnPlus will be held by the Swiss energy supplier ATEL, while 30% will be controlled by AVELAR Energy Group and 10% by Italy's En&En. Igor Akhmerov, CEO of AVELAR Energy Group, commented: "This is a strategic step to an increased presence on the Italian gas and energy market and the establishment of the group's own production capacities. We are also very pleased to begin cooperation with ATEL, which we hope to expand in other areas".

About AVELAR Energy Group:

- AVELAR Energy Group is a Zurich-based energy company, established in 2006 and controlled by RENOVA Group.

- Through its wholly-owned Italian subsidiary Energetic Source AVELAR is engaged in the following activities: - Trading of power and gas in the Italian market

- Development of 400 MW of onshore wind farms

- Development of a gas storage facility with working gas capacity of 1,3 bcm

- Development of Italy-Austria power interconnect with a total capacity of 300 MW

For further questions: Media requests from Italy: Prof. Marino Massimo de Caro Via Cappuccini 4, 20122 Milan (Italy) Phone: +39-02-3216571 Email: m.decaro@avelarenergy.com Media requests from Switzerland and other European countries: Markus Blume Claridenstr. 22, CH-8001 Zurich (Switzerland) Phone: +41-43-2109562 Email: markus.blume@renova-group.ch Internet: http://www.avelarenergy.com

For further questions: Media requests from Italy: Prof. Marino Massimo de Caro, Via Cappuccini 4, 20122 Milan (Italy), Phone: +39-02-3216571, Email: m.decaro@avelarenergy.com, Media requests from Switzerland and other European countries: Markus Blume, Claridenstr. 22, CH-8001 Zurich (Switzerland), Phone: +41-43-2109562, Email: markus.blume@renova-group.ch