Auro Mira Energy Selling Biomass Power and Raising Cash for Wind, Small Hydro, Solar and Biodiesel.

By Narsi Santhanam • May 6th, 2009 • Category: Renewable Energy, Solar-Energy, Wind Energy

Auro Mira Energy (AME), a renewable energy company at Chennai in Tamil Nadu is looking to sell power generated from its 10 MW biomass plant at T. Kalupatty and a 7.5 MW biomass plant in Pudukottai. Apart from biomass plant, the company also has plans to invest $ 900 million in small hydro, wind and to develop more than 15,000 acres of energy plantations in the next five years. In addition it has planned to venture into solar and biodiesel too. Baring Private Equity which has already invested around $ 50 million in AME in 2006 has shown interest to invest more than $20 million. Besides, the company is in talks with a couple of private equity funds overseas to raise up to $100 million.

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About the Author

Narasimhan (Narsi) has extensive experience in understanding renewable energy markets and strategic levers for success in these markets. His special focus has been his work on the Indian renewable energy industry. His work in the previous 15 years have spanned market and industry research, product management and international sales, and strategic consulting. see more http://www.eai.in/ref/team/ns.html

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