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YAHOO! Finance: OMC Power, SunEdison sign deal for 5,000 rural power projects

Kolkata, Jan 12 (IANS) Global solar technology manufacturer SunEdison Monday said it has entered into an agreement with OMC Power to develop 5,000 rural electrical projects across India in the coming three to five years involving a total 250 MW of electricity.

According to the US based company, the partnership leverages the expertise of both the companies including technical know-how, local and telecom knowledge from OMC and project development and financing expertise from SunEdison.

OMC Power builds small-scale power plants with renewable sources where there is no reliable power grid.

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The Times of India: OMC Power and SunEdison partner to develop 5,000 solar plants

Solar power company SunEdison has partnered with Omnigrid MicropowerCompany (OMC Power), to develop 5,000 rural projects, totaling 250 megawatt (MW) of electricity throughout India over the next five years.

The companies together plan to bring electricity to about 10 million people, by installing 36 kilowatt (kW) micro power plants across India, according to a company statement.

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The Hindu on OMC: OMC Power and SunEdison ink pact for rural electrification

SunEdison and Omnigrid Micropower Company (OMC), which is engaged in building small-scale power plants with renewable sources where there is no reliable power grid, have entered into an agreement to develop 5,000 rural projects, representing 250 MW of electricity, throughout India over the next three to five years.

“This partnership will quickly bring electricity to 10 million additional people. The partnership leverages the expertise of each company, including technical know-how, local and telecom knowledge from OMC and project development and financing expertise from SunEdison. SunEdison and OMC have an offering that can help telecommunication organisations meet their regulatory requirements and provide energy to local communities while still going off-grid,” said a statement from SunEdison.

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REUTERS: OMC and SunEdison Partner To Bring Electricity To Millions In India

BELMONT, Calif. and DELHI, India, Jan. 12, 2015 : SunEdison, Inc. (NYSE: SUNE), a leading solar technology manufacturer and provider of solar energy services, and Omnigrid Micropower Company Pvt. Ltd. (OMC Power), the first power company to transform the provision of electricity in rural India into a commercially viable, sustainable and scalable business, today announced that they have signed a framework agreement to develop 5,000 rural projects, representing 250 megawatts (MW) of electricity, throughout India over the next three to five years.

Approximately 400 million people in India have no access to electricity, and even for those who do, the only options are often unreliable and expensive fossil fuel-based solutions. Building upon the 36 kW micro power plants OMC Power has already put in place acrossIndia as part of a sustainable and reliable rural electrification plan, this partnership will quickly bring electricity to 10 million additional people.

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