RNS Number:1761S
Renova Energy plc
11 April 2008


For immediate release                                              11 April 2008



                 Renova Energy plc ("the Company" or "Renova")


                                 Funding update


Renova Energy plc (RVA:AIM), the ethanol production, distribution and marketing
company, today provides an update on its funding position.


As previously reported on 3 April 2008, the Company has presented a proposal to
its lenders to restructure its existing bank debt and discussions regarding this
proposal are ongoing. In the meantime, the Company and its lenders have now
entered into an extension to the Standstill Agreement until 19 May 2008.


For further information please contact

Renova Energy
Chris Thomas, Chairman                      +44 207 299 4444
Fanton Chuck, Chief Executive Officer       +44 207 299 4444
Raf Alam, Finance Director                  +44 207 299 4444

Brewin Dolphin
Ken Fleming/Jamie Cumming                   +44 845 213 1120

Buchanan Communications
Ben Willey                                  +44 207 466 5000



or visit www.renovaenergy.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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