Borg to invest US$ 45 million in India
Borg Energy India Pvt. Ltd., a subsidiary of Borg Inc, Texas USA with experience in alternative energy and smart grid technology having successful project experience across North America, Europe, Africa, China and SE Asia, announced its plans to invest US$ 45 miliion in the Indian market for rural electrification and EPC (engineering, procurement and construction) projects within the next six months. The company is planning to power 18,000 homes in northern India in next 150 days with Borg Astra Plus Home Series, a range of fully loaded micro solar power plants, specially designed to meet the energy needs of domestic households and Solar Farm Master Series Controller - targeted at generating power for irrigation projects in India.
While inaugurating the press conference along with Joseph Fournier, Director, BORG Inc., Mr M.S. Sundararajan, Ex Chairman Indian Bank and Independent Director, Borg Energy India, Mr T.S. Krishnamurthy, Ex Chief Election Commissioner of India and Independent Director, Borg Energy India and Senior Executives of Borg Inc. in Delhi, Dr Boaz Augustin Jr., Borg Energy Managing Director – Asia Pacific said, “We will invest 45 million US$ in India within next six months. We commit 25 million US$ for rural electrification projects using solar power and 20 million US$ will be used for EPC projects in U.P., Tamil Nadu, Rajasthan, Bihar and Andhra Pradesh. We have ambitious plans to install Borg power plants in 2.5 million households in various states of India over the next 3 years. We are currently developing appropriate retail network of 220 Borg Power Play show rooms in India. These showrooms are Borg’s exclusive outlets offering experience zones to consumers.” The Pimpri Chinchwad Municipal Corporation has proposed to set-up 10 biogas plants to generate power from wet garbage on pilot basis. The power generated will be used for street lights. Mr Sanjay Kulkarni, Executive Engineer, environment department, PCMC reportedly said that each biogas plant will have a capacity to utilise 5 tonnes of wet garbage per day. The civic body will be identifying locations for constructing these plants. It will need plots measuring around 5,000 to 10,000 sq ft for each plant. The plants will be constructed in open areas that are part of STPs, gardens, garbage collection centres and other civic projects. “The estimated cost of each project is Rs 1 crore. The PCMC will construct these plants at its own expense. If the plants are successful then the civic body will construct more such plants in other areas. The civic body will be starting the implementation of garbage segregation at source at the beginning of the coming year. This will provide wet garbage to the civic body which will be utilised to prepare bio-gas,” Mr Kulkarni was quoted as saying.