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.
About Narasimhan Santhanam (Narsi)
Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.
Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.
Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.
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