Essel Group signs MoU with German Firms over Smart Cities and Green Energy Projects in India

The Essel Group has recently entered into technology transfer pacts with the three leading German firms during its participation at Hannover Messe 2015 in Germany. This will boost the group’s solar, wind energy and wastewater management projects in India. Group Chairman Dr Subhash Chandra moderated a panel discussion on the smart cities during the event. Secretary of Industrial Policy and Promotion Amitabh Kant unveiled the Essel smart city framework.

A Memorandum of Understanding (MoU) for transfer of critical technology in wind and solar energy was signed by the Indian company 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 wastewater treatment projects in India.

Ashok Agarwal, CEO, Essel Infraprojects, said, “We are glad to announce our alliance with Schneider, FeConGmBH and Passavant Energy and Environment GmbH. We believe that this will put us on the fast track in delivering on our commitment to produce 12,500 MW of solar energy and 4,000 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 wastewater 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.”

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... See more