Borg to in­vest US$ 45 mil­lion in In­dia

Power Watch India - - DISPATCHES FINANCE -

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.

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