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Back You are here: Home Business Asia AEG Power Solutions providing inverters for 30 MW project in Madhya Pradesh

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AEG Power Solutions providing inverters for 30 MW project in Madhya Pradesh

AEG Power Solutions has won a contract to provide inverters for a 30-megawatt solar power plant for M and B Switch gears Ltd. in Madhya Pradesh.

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Through its subsidiary AEG PS (India), AEG Power Solutions will be providing high reliability inverters for the M and B Switchgears project within the first quarter of 2012.

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“We are thrilled to have bagged this contract. We start the year with two major achievements: this 30MW contract and totaling orders over 100 MW within the last one year,” said Sridhar Murthy, Managing director of AEG Power Solutions in India.

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M and B Switchgears Ltd., which has been in the business of transformer manufacturing in India over the last three decades, has branched out into solar power generation.

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In October of last year, M and B Switchgear Ltd. signed an agreement with the government of Madhya Pradesh to set up 99.25 MW worth of solar power plants in various locations in the state.

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The company is also the first solar power producer in India to be issued with solar renewal energy certificates.

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Renewable Energy certificates or R.E.C.s are generation-based certificates awarded to renewable energy producers if they opt not to sell the electricity at a preferentially higher tariff. Project developers that earn R.E.C.s can trade them on power exchanges to obligated entities.

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M and B Switch Gear earned 249 solar R.E.C.s in May of last year for a 2-MW project in the Rajgarh district of Madhya Pradesh in March 2012. – EcoSeed Staff

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