Areva Signs Indian Biomass Partnership with Astonfield

23 July 2009 (Last Updated July 23rd, 2009 18:30)

Areva and renewables company Astonfield Renewable Resources have teamed up on a strategic partnership to develop biomass power plants across India, Areva announced today. The plants are set to produce a total output of 100MW at an estimated investment of around €100m. Work on

Areva and renewables company Astonfield Renewable Resources have teamed up on a strategic partnership to develop biomass power plants across India, Areva announced today.

The plants are set to produce a total output of 100MW at an estimated investment of around €100m.

Work on the first plant is scheduled to begin in the last quarter of 2009 in the state of West Bengal.

Under the terms of the agreement, Areva's Bioenergy unit in Chennai will be responsible for plant design, construction and commissioning.

The group will also co-invest in these projects alongside Astonfield.

The agreement comes as part of Areva's strategy to strengthen its renewable energy offer, particularly in India and South-East Asia.

“Areva currently has 100 bio-energy plants in operation or under construction worldwide, and will be putting all of its expertise behind a project of this magnitude,” said Areva Renewables CFO, Anil Srivastava.