Essel Group signs MoU with Wind and Sun Technology Group/FeCon GmbH to develop 12500 MW of solar and 4000 MW of wind energy projects in India- A Letter of Intent (LOI) is signed with Schneider to develop smart city projects in India
- MoU also signed with Passavant Energy and Environment (PE&E) GmbH for water and waste water treatment projects
The Essel Group, one of India's largest business conglomerates and a front runner in developing the Smart City Framework for India, has entered into technology transfer pacts with three leading German firms to boost its solar, wind energy and waste water management projects in India.
A Memorandum of Understanding (MoU) for transfer of critical technology in wind and solar energy was signed by the Indian company today at Hannover Messe 2015 with FeCon GmbH, a subsidiary company of Wind and Sun Technology GmbH while a similar pact was also inked with Passavant Energy and Environment (PE&E) GmbH for Mega scale waste-water treatment projects in India.
As per the agreement, FeCon GmbH will assist Essel in developing and manufacturing wind turbines in India along with power station and grid equipment for solar and wind energy to suit Indian conditions.
On the other hand, the MoU with PE&E will provide Essel with access to groundbreaking technologies and processes in municipal wastewater, sludge, water and industrial wastewater treatment. PE&E is known worldwide for its sludge digestion technology.
The Essel Group is in Hannover to showcase its Indian Smart City module for building integrated, inclusive, innovative and sustainable smart cities and is part of the Indian Prime Minister Narendra Modi's delegation to Germany. The company has already received an overwhelming response to its stall at the Hannover Messe 2015 trade fair and recently inked pacts with two leading German firms to develop green energy projects and smart cities in India.
Mr. Ashok Agarwal, Managing Director, Essel Infraprojects, said, "We are glad to announce our alliance with Schneider, FeCon GmBH and Passavant Energy and Environment GmbH. We believe that this will put us on the fast track in delivering on our commitment to produce 12500 MW of solar energy and 4000 MW of wind energy in India in the coming year as also in establishing Essel as a major player in the 7.5 billion euros market for waste water management in India. Our MoU with German partners will also provide a fillip to the 'Make in India' movement envisaged by our Prime Minister and will put Essel at the forefront in realizing his vision for Smart Cities in India."
Essel also looks forward to export the surplus renewable energy as the tie-up shapes up.
The Essel Group is in Hannover to showcase its Indian Smart City module for building integrated, inclusive, innovative and sustainable smart cities and is part of the Indian Prime Minister Narendra Modi's delegation to Germany. The company has already received an overwhelming response to its stall at the Hannover Messe 2015 trade fair.
Back in India, the Essel Group has taken big strides forward in realizing the Indian Prime Minister Narendra Modi's dream of setting up 100 smart cities in India. It plans to invest over $2billion over the next 3yrsyears in transforming major cities across India. With a vision to enhance the quality of life, the Group associates with multiple partners to develop the smart city environment by decoding the governance policy framework. It is the only integrated smart city developer in India with proven expertise in creating single window utility corridor.
