AEG Power Solutions bags major solar contract in Madhya Pradesh

AEG Power Solutions, a leading global manufacturer of power electronic systems and solutions for industrial power supplies and renewable energies, was awarded a 30 MW solar power plant project from the pioneers of Renewable Energy Certificate Mechanisms in India, M and B Switchgears Ltd.

Located in Madhya Pradesh, M and B Switchgears Ltd. will be provided with high reliability inverters for their solar power plant by AEGPS (India) within the first quarter of 2013.

“We are thrilled to have bagged this contract. We start the year with two major achievements: this 30MW contract and totaling orders over 100MW within the last one year. The growing energy demand in the country requires an uninterruptable power supply and a reliable infrastructure for industrial power users. AEG PS offers a consistent product portfolio covering these demands perfectly,”said Sridhar Murthy, Managing Director of AEG Power Solutions in India.

Mr. Vikalp Mundra, Director M and B Switchgears Ltd said “We are glad to have AEGPS as our partners on board for this project. M and B Switchgears was the first solar power producer in India to be issued 249 solar Renewable Energy Certificates. Partnering with AEGPS, known for their premium quality and highly efficient products, will further strengthen our commitment towards an alternative energy future.”

“Developing ourselves in India meant facing specific challenges; technical challenges due to location and climates, as well as market challenges due to fierce competition. This contract is a success for our Indian team and a step forward in our development on the Indian solar market”, explains Bob Roos, VP Solar Strategic Business Unit of AEG Power Solutions.

With a strong service capability and a local state-of-the-art manufacturing facility for centralized solar inverters, AEGPS has met varied customer expectations despite the market challenges in the last twelve months.