DGAP-News: 3W Power S.A. / AEG Power Solutions: AEG Power Solutions is Awarded a Major Solar Contract in Madhya Pradesh (India)
(firmenpresse) - DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s): Incoming
Orders/Contract
3W Power S.A. / AEG Power Solutions: AEG Power Solutions is Awarded a
Major Solar Contract in Madhya Pradesh (India)
25.02.2013 / 14:03
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AEG Power Solutions is Awarded a Major Solar Contract in Madhya Pradesh
(India)
- Partnership with M and B Switchgears Ltd. for a 30 MW agreement
- The company crossed over 100 MW of orders within a year in India
Bangalore, February 25, 2013: 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.
About AEG Power Solutions
AEG Power Solutions (AEG PS) Group is a global provider of power
electronics systems and solutions for all industrial power requirements
offering one of the most comprehensive product and service portfolios in
the area of power conversion and power control. Two complementary
operating business segments, Renewable Energy Solutions (RES) and Energy
Efficiency Solutions (EES) serve customers worldwide. The RES product and
service portfolio consists of systems and solutions for solar power plants,
such as solar inverters, monitoring and control systems as well as power
controllers for a wide range of industrial applications such as
polysilicon, energy storage, sapphire and glass. The EES product and
service portfolio includes high-performance uninterruptable power supplies
(UPSs), industrial chargers, DC systems and converters.
Thanks to its distinctive expertise bridging both AC and DC power
technologies and spanning the worlds of both conventional and renewable
energy, the company creates innovative solutions for smart grids.
AEG PS' global footprint includes 17 subsidiaries and competence centers
around the world with 1,600 employees.
AEG Power Solutions Group is the sole subsidiary of the holding company 3W
Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg. The Group
is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power
are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9).
For more information, visit www.aegps.com.
About M and B Switchgears Ltd.
M and B Switchgears Ltd. has been one of the most trusted names, in the
business of transformer manufacturing of India over last 3 decades. Under
the stewardship of its Chairman, Mr. S. S. Mundra, the Company has grown
from being small scale transformer manufacturers to a publicly listed
entity. The Company's diverse activity ranges from manufacturing of
transformers (distribution of power) to exploiting of Renewable sources of
energy (generation of power). The Chairman is now ably assisted by young
directors Mr Vikalp Mundra and Mr. Anurag Mundra in steering the Company to
its future vision. M and B Switchgears Ltd. is also coming up with another
project of 20 MWp under REC mechanism, at the locations in the vicinity of
the existing site by 2013. The Company has devised an innovative offering
called as 'UJAASTM ', which provides complete plug&play solution to the
investor for putting up a solar power plant.
This communication does not constitute an offer or the solicitation of an
offer to buy, sell or exchange any securities of 3W Power. This
communication contains forward-looking statements which include, inter
alia, statements expressing our expectations, intentions, projections,
estimates, and assumptions. These forward-looking statements are based on
the reasonable evaluation and opinion of the management but are subject to
risks and uncertainties which are beyond the control of 3W Power and, as a
general rule, difficult to predict. The management and the company cannot
and do not, under any circumstances, guarantee future results or
performance of 3W Power and the actual results of 3W Power may materially
differ from the information expressed or implied in the forward-looking
statements. As a result, investors are cautioned against relying on the
forward-looking statements contained herein as a basis for their investment
decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking
statement contained herein.
For further information, please contact:
Ute von Cranach
Marketing Communications RES
AEG Power Solutions
Tel.: +49 2902 763 256
Mobile: +49 170 574 9094
Email: ute.voncranach(at)aegps.com
Claire Pairault
Corporate Communications
AEG Power Solutions
Tel.: +331 555511076
Mobile: +33 6 19609164
Email: claire.pairault(at)aegps.com
End of Corporate News
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25.02.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: 3W Power S.A. / AEG Power Solutions
19, rue Eugène Ruppert
L-2453 Luxembourg
Grand Duchy of Luxembourg
Phone: +31 20 4077 863
Fax: +31 20 4077 875
E-mail: michael.julian(at)aegps.com
Internet: www.aegps.com
ISIN: GG00B39QCR01
WKN: A0Q5SX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
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202218 25.02.2013
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