Kalahari Greentech Inc Click to translate into German Click to translate into Italian Click to translate into Polish

Ticker Symbol KHGT.PK
Latest Share Price $0.26

Kalahari Greentech to Launch Renewable Energy Project in Madagascar

Kalahari Greentech Inc. ("Kalahari") (KHGT.PK), a global energy company, today announced its intention to provide clean energy power sources in Madagascar.

Kalahari is currently mapping out a development deal with a prospective joint-venture partner that is based in Madagascar, the island nation off the coast of Africa in the Indian Ocean.
A developing nation with an emerging economy, Madagascar is slightly larger than France. The nation’s energy market is extremely favourable, as the electrification level is only 15 percent, making electricity high in demand, with prices high and profitable. Furthermore, current government policies stimulate the electrification of the country, especially in the field of renewable energy.

Kalahari is currently planning its collaborations with local partners and examining how best to execute a renewable energy project in Madagascar.

"An energy project in Madagascar is great news for both Kalahari and the nation of Madagascar, where blackouts and low electrification levels are the norm," says CEO of Kalahari. "We are committed to delivering clean and reliable energy to the citizens of this emerging nation."

About KALAHARI
Kalahari is an energy company developing, constructing and operating wind energy projects.
Kalahari is active throughout the entire wind energy value chain, as such an integrated business model ensures the greatest value creation for the shareholders. Kalahari is also active during the operational stage because this will enable the Company to achieve stable income and cash flows, which in turn is a prerequisite for building new capacity.

FORWARD-LOOKING STATEMENTS:
Statements about Kalahari's future expectations and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. Kalahari's actual results could differ materially from expected results. Kalahari does not undertake any obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this objective, Kalahari will appropriately inform the public.

For more information contact investor@kalaharigreentech.com

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