Mr Rajendra Prasad has over 40 years banking experience, 25 years of which specifically in credit accounts. He began his career as a clerk and most recently was employed as Deputy Zonal Manager at the Bank of India where he undertook a wealth of tasks including overseeing 95 branches, business development, people management and staff training.
Mr Rajendra Prasad is a qualified M.Com graduate with CAIIB.
Armstrong Energy Global Foundation has agreed to fund the construction and installation of micro-grids for two off-grid communities in India. Each system size is 1.2 kWp, and will meet the basic electricity requirements of approximately 20 households in each village.
The systems will be installed and maintained for the long-term by the SELCO INDIA (“Selco”), one of the world’s leading providers of solar electricity to off-grid communities.
Speaking of the projects, Ram Nandakumar, the Managing Director of Armstrong Energy Global Limited said, ‘These are the first small steps towards meeting our objective of providing electricity to one million people who have limited or no access to electricity. The projects highlight the gulf between our expectations for reliable electricity in Western Europe, and the reality for many in countries such as India. Even though these micro grids will be life changing for the villagers, they will still only provide 108 kWh of electricity for each household per annum. Our longer term objective, is to try and ensure that homeowners in India have sufficient electricity to meet all their demands.’
Harish Hande, the Chairman of SELCO INDIA, said, ‘We are delighted to be working with Armstrong Energy Global on these two micro-grid projects. We have been working with Armstrong for some months now as they have developed their business in India, and we are very pleased that their efforts are now starting to bear fruit and are supporting our work on the ground to provide electricity to the poorest communities in India.
Details of the projects can be found on our Foundation site
Rajesh is a graduate in commerce with an MBA. Rajesh has around 7 years experience of working in accounts at various levels. In his current role at Armstrong Energy Global, he is responsible for managing day to day accounts for the business and managing regulatory compliance for all transactions, including between the UK and India.
Vrindavan is an engineering graduate with an MBA and has also completed a technical course at IIT Mumbai focusing on solar PV development. He has nearly 7 years of experience specialising in the development of projects in electrical, electronics and solar PV. During this time he has developed an excellent network amongst large industrial power consumers, solar PV OEM’s and EPC’s across India.
Dileep is an Electronics and Communications Engineer having more than 4 years experience in the execution of solar PV power plants in India as a Project Engineer. He previously worked for Solar Integration Systems India Pvt. Ltd (“SIS”), a leading EPC company in South India, playing a key role in the implementation of many grid interactive and roof top solar projects across India. In this role, Dileep gained extensive experience of all aspects of solar projects, from plant design to the plant synchronization to the power grid. Prior to SIS, Dileep was with Cybermotion Technologies Pvt. Ltd. as a Project Engineer, working on many roof top solar projects.
Katragadda Srinivasu (Srini) is a Mechanical Engineering Graduate and a renewable energy entrepreneur.
He has been a key player in forming and organizing the right team for various key projects and their successful completion. He was one of the very first solar project developers under the state solar policy, developing a 5 MWp solar farm under Arkha Solar Power Private Limited in India.
For the past 15 years, Mr. Srini was residing in Singapore, and held Singapore Permanent Resident (PR) status. In Singapore, Mr. Srini had been working at Hewlett Packard (“HP”) as a Senior Process Engineer in the Printer and Personal Systems division of HP Singapore. Prior to HP, he worked for Panasonic and IBM for more than 10 years in Singapore, Malaysia, Indonesia and other South East Asian countries. He has played a key role in IPG (Image and Printing Group) business development across many products like Office Jet Printers, Plotters, AV products and Personnel Systems during his tenure with HP, Panasonic and IBM.
Ramanujam Nandakumar is the founder of NATEMS Sugars. He is a highly regarded expert in the Indian sugar industry, with more than 30 years of senior management experience working as CEO of three large sugar manufacturing groups in south India. Amongst other successes,
Mr Ramanujam Nandakumar was responsible for turning around Deccan Sugars from being an underperformer to a highly profitable company.
Mr Ramanujam Nandakumar has been a leading advocate of implementing captive power generation projects at sugar factories to maximise returns. He has now done this at three sugar factories, which together have an installed capacity of circa 50MW. Mr Ramanujam Nandakumar has sold the excess power generated by these power plants to third parties under PPAs.
Mr Ramanujam Nandakumar is currently employed as the Technical Director of Ganapathy Sugars in Andhra Pradesh, he is also the current Chairman of the South India Sugar Technology Association.
Dr. Ramnath Nandakumar (Ram) was the Head of Energy at Hanson UK part of Heidelberg Cement responsible for managing a total spend of £220 million per annum. An energy trading expert with advanced trading and structuring skills, he was responsible for developing and implementing risk management strategies to minimise bottom line impact to the business from the highly volatile global energy markets. He introduced various advanced trading contracts for trading electricity, gas oil, natural gas, coal, bitumen and other alternative fuels in the UK market. At Hanson, he also led the renewable energy function. Ram is also a regular contributor to various UK government energy, carbon and climate change committees.
In his previous role as the Energy Manager at D S Smith Packaging, he was responsible for developing and implementing the corporate energy strategy for one of the largest paper manufacturing plants in Europe. While in this role Ram lead part of the team responsible for developing and promoting a 40MW electricity and 60 MW heat waste to energy CHP
Before joining D S Smith, Ram was the Chief Electricity Engineer at Teer Coatings LTD, a global leader in advanced PVD and Nano Technology Company. In this role he worked with many leading global organisations such as Toyota, GM, Canadian Mint, McLaren F1, Mercedes-Benz, Element 6 and various others.
Ram has a MBA from Cranfield University where he was awarded the Freeman Scholarship, and a PhD in Quantitative Feedback Theory from City University London.
Hatnura is approximately 40 km north of Hyderabad, the capital city of the new state of Telangana. The city was until early 2014 the state capital of Andhra Pradesh, prior to Andhra Pradesh being split into the two states of Andhra Pradesh and Telangana.
The Hatnura project was grid-connected in March 2015. The project used First Solar panels and ABB inverters.
Arkha Solar has acquired the land for an extension of this project to 5 MWp. This extension is expected to be completed in early 2015.
The first phase uses a tracking system to maximize the power output of the solar panels. The system uses Canadian Solar pv modules, and ABB inverters.
Alan Yazdabadi was a co-founder of Armstrong Energy. He had previously worked for Low Carbon Investors (UK) Limited as group financial controller.
Alan began his career at KPMG where he spent five years, initially focusing on smaller more entrepreneurial organisations where he qualified as a chartered accountant. Alan then worked in KPMG’s Global Infrastructure and Projects Group which focused on the structuring, financing and procurement of large infrastructure projects. Between leaving KPMG and founding a LED lighting business. Alan spent two years as a corporate finance analyst focused on venture capital and hedge fund related investments.
Alan has a first class degree in Economics and Politics and is a Chartered Accountant.
Robin Chamberlayne is a chartered financial planner and has over 20 years experience in the financial services industry. He formed Progressive Strategic Solutions in 1997, which was one of the first chartered firms in the UK. Progressive provides financial advice and tax planning strategies to high net worth individuals and businesses. Robin sits on the board of the Proven Planned Exit VCT and Downing Structured Opportunities VCT 1 plc, and the Downing Planned Exit VCT 2011 plc, which has a focus on Low Carbon feed-in tariff based investments within their investment mandate. Robin has been actively involved in renewable energy for a number of years; his family’s farm operates both commercial biomass and solar installations to meet the heat and power requirements for a large rural business centre.
Andrew Newman was a co-founder of Armstrong Energy. He had previously worked for Low Carbon Investors (UK) Limited (“LCIUK”) as group finance director. Whilst at LCIUK he managed the design and launch of the UK’s first dedicated feed-in-tariff fund, the Downing Low Carbon EIS, with Downing LLP.
Andrew joined Low Carbon Investors (UK) Limited from Deloitte Corporate Finance in 2006, where he had worked in the Project Finance Advisory team, focusing on energy and transport infrastructure projects in the UK and Europe.
Prior to joining Deloitte in 2003, Andrew worked for Triodos Bank in the Netherlands. While at Triodos, Andrew worked as Senior Investment Officer for Asia for the Solar Development Group, one of the funds co-managed by Triodos. The Solar Development Group was an initiative of the World Bank and was set up to accelerate rural electrification in developing countries.
Prior to joining Triodos Bank, Andrew worked for Deloitte & Touche, initially in its London audit department, where he qualified as an ACA, and subsequently in its Central European Corporate Finance team, based in Prague. While in Prague, Andrew focused on advisory and due diligence projects, and worked on several of the largest inward investment projects in the region.
Andrew has a first class degree from Oxford University.
Dr Steve Mahon was a co-founder of Armstrong and has had a successful career in commercialising low carbon technologies with over 15 years in the sector and a track record in selecting and managing high growth low carbon companies, both in the private and public markets. He combines a detailed understanding across a wide range of clean technologies with the first hand experience of growing early stage businesses and delivering shareholder returns having been involved in the investment or management of over 25 businesses.
Prior to establishing Armstrong, Steve co-founded Low Carbon Investors Limited (“LCI”), a Guernsey based fund management company which advised Low Carbon Accelerator Limited, the AIM listed early-stage technology fund. Through its wholly owned subsidiary, Low Carbon Investors (UK) Limited (“LCIUK”) established with Downing LLP (“Downing”), the UK’s first dedicated feed-in-tariff fund, the Downing Low Carbon EIS and went on to advise Downing on the investment of more than £45m in feed-in-tariff projects in solar and wind assets.
Before establishing LCI, Steve had been a main Board member of Pursuit Dynamics plc, during which time it was the top performing small cap engineering stock on AIM; and of Sentec Ltd, the smart grid technology specialist, that became one of the fastest growing technology companies in Europe. Steve started his career in Qinetiq and managed a business unit commercialising advanced materials. He has a first class degree and PhD in Geophysics and Planetary Physics.
Armstrong Energy Global is pleased to announce that it has commenced construction of its second plant at Hatnura. The plant will have an installed capacity of 5 MWp, and is being built by Chemtrols, using First Solar panels, and should be completed by the end of 2014.
Speaking as the project broke ground, Ram Nandakumar, the Managing Director or Armstrong Energy Global said, ‘we have proved with our first project at Rajahmundry that we have a team that can deliver projects on the ground. We are now taking the lessons learned from that project and implementing them on this, our second project. We are confident that the project will be successfully delivered on time and on budget.’
Once installed, the project will generate enough power to meet all the electricity needs of approximately 50,000 people in India.
Armstrong Energy Global Limited today connected its first solar power plant at Rajahmundry, in Andhra Pradesh. The site has a capacity of 1 MWp, and was built using Canadian Solar panels on a tracking system. The electricity generated is being sold to an industrial customer under a long-term power purchase agreement.
The Company will shortly start to expand the power plant to 5 MWp, and has already purchased the land for this extension.
Ramnath Nandakumar, the Managing Director of Armstrong Energy Global said, ‘This is an exciting day for the company. It has taken two years to get here, but we have delivered on the project exactly as we said that we would. And this is just the first step for the company, as we try and meet our target of installing 1 GWp of solar pv in India by 2020.’
Further information on the project and Armstrong Energy Global Limited can be obtained by contacting Ramnath@armstrongenergyglobal.com