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Home arrow Investors Desk arrow Chairman's Letter 2009
Chairman's Statement
 
Dear shareholders

We are witnessing rapid and dramatic change in the Renewable Energy Business Environment. Whether it is Government policy boosts, attitude towards adoption of clean energy, investor sentiment...there is an increased 'affinity for action' driving a new momentum in the industry - both globally and in India. Entegra, with its proven ability to execute projects in the 'Green' Energy segment is well poised to take advantage of the opportunities arising. Our competitive advantage comes from our engineering expertise in hydro power development, solar thermal/ photovoltaic power generation and hybrid RE solutions, as well  as our strong partnerships with global technology leaders.

 

  
   
   

 Entegra has structured its operations into two distinct divisions encompassing a comprehensive swathe of Green/ Renewable energy businesses, to further our quest of growing into an integrated global RE conglomerate.

EnnerGreen Resources (EGR) focuses on development & generation of power from RE resources viz. Hydro and Solar (Thermal & Photovoltaic). The run-of-the-river Maheshwar Hydroelectric Project is in advanced stage of completion with 5 turbines of 40MW each expected to be commissioned by June 2010 and the remaining 5 by December 2010. Approximately93% of the project civil work has been completed.

Entegra has also developed a head start in solar energy through pilot projects in concentrated solar power (CSP) and concentrated solar photovoltaic (CSPV) technology.

We are in the process of developing a 'first-of-its-kind' solar thermal energy generation in India through the 10MW CSP project near Jodhpur (scalable to over 200MW) awarded by the Government of Rajasthan. The power-block and power evacuation facilities will be provided by a leading globally competitive EPC company under a turnkey arrangement with guarantees of performance. Further an MoU has also been signed with the Gujarat Energy Development Agency for a 50MW CSP project in Kutch region.

We have also undertaken a 1MW CSPV pilot project near Jodhpur to demonstrate the viability of cost-effective SPV technology in the country.

EnnerGreen Solutions (EGS - comprising Projects, Products and Services) provides customised RE solutions to commercial, industrial, public infrastructure and residential facilities. We are currently in the process of implementing several key EPC projects including installation of 5 wind solar hybrid installations of 12KW each for Rajiv Gandhi University, Bhopal; supply, installation & commissioning of 10KW wind-solar hybrid system for Vehicles Research & Development Establishment, Vahan Nagar, Ahmednagar (a GOI, Ministry of Defence organisation) and providing integrated RE solutions to residential complexes in Kalyan and Worli, Mumbai. These landmark projects will pave the way for securing similar contracts in the future.

The current Hydro and Solar power projects being implemented have given visibility to Entegra's expertise; helping us  to bid for a number of similar plants. We have in place an outstanding team of professionals with proven execution track record, coupled with impeccable  industry experiences and domain knowledge, to help us deliver value to all our stakeholders.


 

Yours sincerely,

sd/-

Mukul S Kasliwal

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