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Business India on Astonfield

Business India 2009-08-01
Astonfield Renewable Energy a member of the Astonfield Group of Companies based in the US, has entered into a joint venture with French green power technology expert Areva to implement 100 MW of bio-mass-based power plants across India at an estimated cost of Rs. 550 crore. "Areva is the world's best technology player in renewable energy. Under this JV, its bioenergy unit in Chennai will be responsible for plant design, construction and commissioning. Work on the first 10 MW plant is scheduled to begin in the last quarter of 2009 AT Gangarampur in West Bengal," says Astonfield co-chairman Sourabh Sen. Astonfield, a multi-modality company focused on the Indian subcontinent with solar, biomass and solid waste-based power, has secured a government concession to build, own and operate renewable power plants totaling 338 MW in capacity "India has a huge potential for renewable energy. We are now exploring offshore wind, tidal energy and solar thermal to generate power. We find South India is ideal for offshore wind energy, and Gujarat and Rajasthan for solar energy," says Sen.