‘The venture will identify six Indian states for the first phase under which it will set up 100 MW solar thermal power plants, with an investment of $400 million in each plant,’ said Hillard Herzog, president and chief executive of Bergamo Acquisition Corp.
The company plans to ramp up capacity to 1,000 MW eventually, added Herzog, who is in India to identify these locations.
The plants will require about 1 lakh squre of land. Bergamo is also setting up a consumer-cum-retail division in India with an initial investment of Rs.1,000 crore to provide cost effective high quality solar products such as solar outdoor lights, street lights, solar water heaters. These products would be launched around the middle of November.
An Indian manufacturing facility for production of the solar products will be set up by March 2011.
A host of foreign and domestic companies have jumped into electricity generation through solar power after India announced a $19 billion ‘National Solar Mission‘ plan spread over 30 years, which aims to scale up solar power generation from nothing at present to 20 GW by 2020.
The announcement was made by Hillard Herzog, president and CEO of Bergamo. The publicly-traded company has its base in Nevada state.
"The company has identified Himachal Pradesh for the first phase under which it will set up 100-Mw solar thermal power plants in the hill state with an investment of $400 million," Hergoz said.
"The company will set up the plant in the Baddi Barotiwala area of Solan district, which will create jobs for around 10,000 people in the region," he said.
Hergoz is currently in India along with senior technical members to start the feasibility report to identify and propose locations to set up the units. He will be meeting top government officials and the state chief minister.
"The company is also setting up a consumer-cum-retail division in technical collaboration with Suntrough Technologies in Solan district of Himachal to provide cost-effective high-quality solar products, solar outdoor lights, garden lights, street lights, water heaters and other products which will reduce energy consumption," he said.
The company has already the process of certifications and permissions, and plans to launch its products by the middle of November. It plans to set up the production unit to make solar products by March 2011.