Industry

SunEdison inks pact with Omnigrid

SunEdison and Omnigrid Micropower Company (OMC), which is engaged in building small-scale power plants with renewable sources where there is no reliable power grid, have entered into an agreement to develop 5,000 rural projects, representing 250 MW of electricity, throughout India over the next three to five years.

“This partnership will quickly bring electricity to 10 million additional people. The partnership leverages the expertise of each company, including technical know-how, local and telecom knowledge from OMC and project development and financing expertise from SunEdison. SunEdison and OMC have an offering that can help telecommunication organisations meet their regulatory requirements and provide energy to local communities while still going off-grid,” said a statement from SunEdison.

The MoU was signed by Ahmad Chatila, President & CEO, SunEdison, and Sushil Jiwarjka, Chairman and Co-Founder of OMC, on Saturday, in Ahmedabad, coinciding with the on-going Vibrant Gujarat Summit.

Building mini grids

“SunEdison is currently building 60 mini grids across India - this initiative will further accelerate our efforts towards the Prime Minister's Energy Vision of making electricity available 24 hours a day, 365 days a year,” said Pashupathy Gopalan, President of SunEdison’s Asia Pacific Operations.

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Printable version | Nov 27, 2020 8:44:04 PM | https://www.thehindu.com/business/Industry/sunedison-inks-pact-with-omnigrid/article6775631.ece

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