Areva ties up with Astonfield

The Hindu-Business Line 2009-07-25, New Delhi
French nuclear group Areva SA’s green arm, Areva Renewables on Friday announced it has signed a strategic partnership with Astonfield Renewable Resources Ltd. to develop biomass power plants across India.

The venture would invest about €100 million for producing a biomass capacity of 100 MW. Work on the first plant is scheduled to begin in the last quarter of 2009 at Gangarampur in West Bengal.

"Areva Renewables and Astonfield Renewable Resources have entered into a strategic partnership to implement 100 MW of biomass power plant in the country at an estimated cost of Rs. 550-630 crore", a company statement said.

Under the terms of the agreement, Areva’s Bio-energy in Chennai will be responsible for plant design, construction and commissioning.