Enron gets nod to offer energy related services

By Our Staff Reporter

CHENNAI, JUNE 30. The Foreign Investment Promotion Board (FIPB) has cleared a proposal from Enron India Pvt. Ltd. to enter the energy efficiency and facilities management business in India.

Enron sources indicated that the Indian subsidiary will enter into contracts with customers to manage their energy chains. The company is expected to team up with strategic global technology partners to develop this business in a comprehensive way in India. Typically, it will lend its customers assistance in the area of finance, upgradation and management of the energy infrastructure.

The FIPB approval provides Enron a wide array of opportunities in fields such as energy efficiency and lightings, HVAC (heating, ventilation and air-conditioning), co-generation, and waste heat recovery and utilisation.

Enron is eyeing heavy industries such as cement, steel and textile as well as large commercial complexes for its energy efficiency services.

Send this article to Friends by E-Mail

Section  : Business
Previous : Samsung to export 'Indian' TVs to Europe
Next     : ITI ties up with Ericsson