BORG Energy India Pvt. Ltd, a subsidiary of BORG Inc, Texas USA has planned to invest $45 million for rural electrification and EPC projects in India within next six months.
The company has planned to install BORG Astra Plus Home Series, a range of fully loaded micro solar power plants and Solar Farm Master Series controller that would electrify 18,000 homes in the northern part of the country. While BORG Astra Plus Home Series is specially designed to meet the energy needs of domestic households; Solar Farm Master Series would generate power for irrigation projects.
Dr. Boaz Augustin Jr., BORG Energy Managing Director-Asia Pacific, said, “We commit $25 million for rural electrification projects using solar power and $20 million would be used for EPC projects in Uttar Pradesh, Tamil Nadu, Rajasthan, Bihar and Andhra Pradesh. We have ambitious plans to install BORG power plants in 2.5 million households in various states over the next three years. We are currently developing appropriate retail network of 220 Borg power play show rooms in India.”
He further emphasised 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 per cent, necessitating the need to introduce power cuts, both scheduled and unscheduled to all types of consumers. He added that BORG product line is customised for Indian power conditions and the products would be distributed through distributor network and franchisee model.
BORG is also planning to set up a R&D facility by 2016 towards nano technology in solar panels said, Joseph Fournier, Director, BORG Inc..