U S Based Energy Company to set up Solar Thermal Plants in Himachal Pardesh
Shimla: U S Based multinational energy company Bergamo Acquisition Corp today announced its ambitious plans to set up mega solar thermal power plant in Himachal Pradesh .The announcement was made by Mr Hillard Herzog President and C E O of the company .Bergamo Acquisition Corp; a US based publicly traded company having its head office in Nevada State has set up joint venture company Bergamo Harbinson Energy Limited Gurgaon between Bergamo Acquisition Corp. and promoters of Esoft Informatics Private Limited, a software company based in India, where Bergamo Acquisition Corp. will have 60% share equity and promoters of Esoft Informatics Private Limited has 40% share equity in the company. The company has a comprehensive plan to set up Solar Thermal Power Plants in India up to a total capacity of 1000 MW.He told that company has identified himachal pradesh states for the first phase under which it will set up 100 Mega Watt solar thermal power plants in the state with an investment of 400 million US dollar .He told that company will set up plant at around 1 lakh square land in baddi barotiwala area of solan district which will create an employement opportunity to around 10,000 people of the region .Mr. Hillard Herzog, CEO of Bergamo Acquisition Corp. is currently in India along with senior technical team members to start the feasibility report to identify and propose locations to setup the units. He will be meeting with senior government officials and chief minister to ensure the possibilities.Mr Hillard Herzog President and C E O told that his company is also setting up consumer cum retail division in technical collaboration with Suntrough Technologies, an US based company and division of Bergamo Acquisition Corp in solan district of himachal pradesh to provide cost effective high quality solar products to Indian Market such as solar outdoor lights, solar garden lights, street lights, solar water heaters and other products which will reduce the energy consumption. The company has already initiated to procure all the necessary certifications and permissions and planning to launch its products by mid of November, 2010. The company will be setting up the production unit to manufacture the solar products in India by March, 2011.
Looking at the future projects of Bergamo Acquisition Corp. worldwide, Esoft Informatics Private Limited has assigned a Stand by Letter of Credit in amount of $ 100 million to secure the necessary funding to start the projects.Mr Hillard Herzog President and C E O told that his company will set up power plant with latest technology imported from United States and it will be clean, efficient and affordable energy .Mr Hillard Herzog President and C E O said that the company has tied up with various international banks to finance the projects and added that these plants will run round the clock for optimum use of its resources and added that while in the day time it will run on the solar power from sun while in the evening the plant will run on gas and renewable energy .He told that his company has plans to develop the india as solar capital of the world and added that it will meet all the energy requirements in the rural india.India is both densely populated and has high solar insulation, providing an ideal combination for solar power in India. India is already a leader in wind power generation. In July 2009, India unveiled a US$19 billion plan, to produce 20 GW of solar power by 2020. Under the plan, solar-powered equipment and applications would be mandatory in all government buildings including hospitals and hotels.and the company will take advantages of the govt policies .