Areva Renewable eyes solar-thermal power projects in India

23 Apr 2010

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Areva Renewable, a unit of France' Areva, is eyeing solar-thermal projects in India in a bid to ramp up its presence in the Indian renewable energy market, its chief executive officer, Anil Srivastava said today.

"We are discussing it with at least nine serious developers in India. We hope to close few MoUs in the coming weeks," Srivastava told Reuters in an interview.

Areva Renewable will invest $15-20 million per mobile assembly units used for setting up the solar-thermal projects and double the headcount for the firm in next 6-18 months from the current 165.

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