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Borg Energy to invest $45 m in India

The Hindu Business Line:  February 07, 2014

Chennai: Borg Energy India Private Ltd will invest $45 million ( Rs. 279 crore) in rural electrification and EPC projects over next six months, according to a company press release.

The Indian subsidiary of Borg Inc of the US will power over 18,000 homes in northern India with solar power plants and Solar Farm Master Series Controller for irrigation projects. A press release quoting Boaz Augustin Jr., Borg Energy Managing Director – Asia Pacific, said Borg will commit $25 million for rural electrification projects using solar power projects and $20 million for EPC projects in UP, TN, Rajasthan, Bihar and AP.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.