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BHEL inks pact with Abengoa for solar power projects
BHEL has signed an agreement with Spain's Abengoa to jointly develop state-of-the-art solar
power projects in India. Abengoa is a global organisation with interests in the solar, bioenergy,
environmental services and power generation sectors. The group has a major
presence in Spain and other European Union countries; the US and Latin America; Africa;
and Asia.
The agreement signed in Seville, Spain, will enable both the organisations to leverage their
capabilities in offering EPC solutions for solar power projects in India, as well as to explore
cooperation on energy projects in other parts of the world. Through this agreement, BHEL
and Abengoa aim to significantly reduce global warming through the use of Concentrated
Solar Power (CSP) technologies that harness the energy of the sun for power generation,
thereby reducing the consumption of polluting fossil fuels. The agreement is significant in the
context of the Jawaharlal Nehru National Solar Mission launched by the Government of
India, which aims at the establishment of 20,000MW of solar power generation capacity by
2022. We remain Neutral on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
BHEL inks pact with Abengoa for solar power projects
BHEL has signed an agreement with Spain's Abengoa to jointly develop state-of-the-art solar
power projects in India. Abengoa is a global organisation with interests in the solar, bioenergy,
environmental services and power generation sectors. The group has a major
presence in Spain and other European Union countries; the US and Latin America; Africa;
and Asia.
The agreement signed in Seville, Spain, will enable both the organisations to leverage their
capabilities in offering EPC solutions for solar power projects in India, as well as to explore
cooperation on energy projects in other parts of the world. Through this agreement, BHEL
and Abengoa aim to significantly reduce global warming through the use of Concentrated
Solar Power (CSP) technologies that harness the energy of the sun for power generation,
thereby reducing the consumption of polluting fossil fuels. The agreement is significant in the
context of the Jawaharlal Nehru National Solar Mission launched by the Government of
India, which aims at the establishment of 20,000MW of solar power generation capacity by
2022. We remain Neutral on the stock.
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