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    Borg sees opportunity in the Indian smart grid


    BORG

    BORG has announced its plans to invest $45 million in India. Borg India Pvt Ltd, a subsidiary of BORG Inc, Texas USA with rich experience in Alternative Energy and Smart Grid Technology having successful project experience across North America, Europe, Africa, China and SE Asia announced its plans for rural electrification and EPC (engineering, procurement and construction) projects within next six months. The company plans 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.

     

    Dr. Boaz Augustin Jr., BORG Energy MD – Asia Pacific said: “We will invest $45 million in India within next six months. We commit $25 million for rural electrification projects using solar power and $20 million will be used for EPC projects in UP, 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 three years. We are currently developing appropriate retail network of 220 Borg Power Play show rooms in India. BORG Play showrooms are BORG’s exclusive outlets offering experience zones to consumers.” He emphasized that the challenge lies in creating greater awareness for green and clean technology, highlighting benefits of solar power by providing power security and generate own electricity for self consumption, thereby reducing dependence on grid power to the Indian consumers.

     

    In India, there is currently supply-demand gap of 12 percent, necessitating the need to introduce power cuts, both scheduled and unscheduled to all types of consumers. He added that BORG product line is customized for Indian power conditions. BORG’s products will be distributed through distributor network and franchisee model in India. BORG is also planning to set up a R&D facility in 2016 towards nano technology in solar panels said, Joseph Fournier, director, BORG Inc..


    Posted on Friday, January 17, 2014

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