Turbomach to tap local energy solutions mart

The company plans to supply captive power solutions to domestic companies.

Turbomach, the Swiss gas turbine major recently acquired by the US-based Catterpillar Inc, is eyeing the Indian power solutions market.

The company, which has had a low-key presence in India for the last five years, is planning to supply captive power solutions in the country. The company is also eyeing infrastructure projects, including airports and hospitals.

Marc Brusseleers, chief executive officer, said, "We see a great opportunity for our increased energy-based solutions given the energy needs in the country, especially among small and medium enterprises which are affected the most by the shortfall."

The company is planning to hardsell its co-generation technology that makes use of multi-fuel plants and distributed energy generation systems, where small generation plants are located along a transmission corridor.

"India does not need just addition in power capacity but also cheaper and more efficient power. Gas turbine cogeneration offers the highest efficiency and hence considerably reduces the cost of power generation, herein lies the untapped potential," said Rajesh Shah, director and CEO of the wholly owned Indian subsidiary, Turbomach India.

Turbomach has already executed captive generation projects in the country- 43-Mw projects in Gujarat and Maharashtra and is executing two other 44-Mw projects in Gujarat and Haryana, including one for Maruti Suzuki.

Shah added that the company was in advanced commercial negotiations for a couple of more projects, one of which he said was with a Delhi- based realty company.

"In the five years we have been here, the reference points have changed. If there were 3-4 customers then, today there are more than 40 customers. The Indian corporates are moving towards co-generation as it gives them access to both efficient heat for his heating and cool and power."