Astonfield keen on renewable power
Business Standard 2008-05-20
Astonfield Renewable Resources Limited (ARRL) will invest close to $1.5 billion over the next two years in India in various renewable energy projects.The company will also invest an additional $500 million in telecom infrastructure business in India.According to Sourabh Sen, director of Astonfield, "We have already signed technical partnerships with companies like Siemens, Nokia and Alcatel for basestations and microwave technology. We should begin our telecom infrastructure and wimax business by the end of 2008."Astonfield is also about to close on the allotment for a 36 megawatt municipal solid waste-to-energy plant in Dhapa in West Bengal, a project that the company has been working on since October 2007.Last week, Astonfield bought its first plot of land in Bankura, a total of 26 acres that is slated to house a five megawatt solar PV plant, which Astonfield plans to start building later this year."We have also submitted our proposal to be a part of the 30 megawatt solar park that the government has sanctioned in Purulia. Several companies together would execute it and Astonfield would like to take up a 15 megawatt project there," Sen said. "Our next stop is Bihar and we are already talking to the government. We plan to take up a 100 megawatt biomass project in Bihar as well as solar and solid-waste-to-power projects," Sen added.In 2007, Astonfield received allotments for 10 megawatt of biomass, five megawatt of solar PV, and one megawatt of manure-to-power to be executed in Ganagarampur, Bankura and Kalyani, respectively.