Providing renewable energy services
and Services is a renewable energy service providing agency. It
aims at progressively introducing renewable energy systems in
India by interacting with product manufacturers, lease companies,
subsidy givers and endusers.
technologies are generally very expensive, especially solar energy
technologies," explains Hemant, the 34-year old Indian
executive. "As you cannot expect somebody to pay their
electricity bill for the next 25 years in one shot, the Indian
Government has introduced several schemes. For solar pumps, for
example, there are direct subsidies up to 50% of the price of the
pump- set, there are soft loans with 2,5% instead of the usual 14%
interest, and there are income tax benefits in the form of 100%
accelerated depreciation. And, if you can place a sufficiently large
order, the manufacturers will give a discount.
For an individual farmer in Tamil Nadu or elsewhere in India, it is
almost impossible to take advantage of all these schemes. But
through our work, the farmer profits indirectly from all schemes and
discounts, and gets a pump-set for a price far below what he would
pay normally. We approach potential clients interested in the
alternative technology and select a lease company that will obtain
the subsidy, the soft loan and the income tax benefits. We select
the products, and once we have this all agreed upon, we ensure the
proper installation of the systems at the various sites."
It's a win-win situation for all involved. The farmer gets a pump
below the costs he would pay otherwise; the manufacturers have the
benefit of fairly large orders; the lease company has the advantages
of subsidies, soft loans and income tax benefits; the government
fulfils its policy; and for Aurore "there is the satisfaction
that renewable energy is spreading all over India with solar pumps
installed from Kanyakumari in the south, to Midnapur in West Bengal,
to earthquake ravaged Bhuj in Gurajat, and to Firozepur on the
border with Pakistan," says Hemant.