CNPV Expands Success In India

2012-12-21 20:00 1011

LUXEMBOURG and DONGYING, China, December 21, 2012 /PRNewswire/ -- CNPV Solar Power SA, a public limited liability company organized under the laws of the Grand Duchy of Luxembourg and a leading integrated manufacturer of solar photovoltaic products, today initiated shipments to Navalakha Group, of Maharashtra, India, against their recently awarded contract to supply 7MWp High Performance CNPV Solar Modules.

CNPV was recently awarded an initial 7MWp supply contract after intense evaluation by Navalakha Group, competing at the outset with 20+ suppliers, shortlisted to three, and finally securing the agreement based upon the demonstrable financial value Navalakha Group can attain by using CNPV's High Performance, High Power Solar Modules and the passionate detailed service commitment.

"We take pride in every facet of our activity," asserted Mr. Satendra Navalakha, Chairman of Navalakha Group. "The completion of the project just marks the beginning of our responsibilities. Our solar PV selection process is tailored specifically to integrate into this philosophy and with CNPV we have found a supplier who not only delivers top quality High Performance Solar Modules with high energy yield, but also assists us in smooth execution of our project. Their support and co-ordination during and after the tender process has been consummate, and further re-affirms our belief that their solutions on longevity of the system will not only deliver an increased profit for us, but will further develop our credibility as a leading RE project developer."

Mr. Jia Zhimin, CNPV's CEO and Mr. Bypina Veerraju Chaudary, CNPV's COO&CTO are clearly delighted at the evaluation: "We are overjoyed to hear first-hand reports from such an esteemed and reputable individual as Mr. Navalakha that quantify CNPV's interactions and levels of service. So often within our industry we hear proclamations by suppliers of 'excellent service and support' but to our mind, it is only relevant when it comes from the recipient."

Mr. Ponsekar, CNPV's VP Sales for South Asia further added, "A hugely competitive market drives suppliers in 2 directions, either to cut prices with disregard to the customer's true goals, or to fully understand the real needs of the end user and provide a techno-commercial offering specifically geared to fulfil the Company's vision. The second option takes longer, but it is the backbone of the final agreement with the Navalakha Group. I am thoroughly delighted to have our involvement confirmed by the venerated Navalakha Group, and trust that this first delivery of 7MWp during December, will consummate a further 40-50MWp during 2013."

To quote Navalakha group once more: "Miles ahead. Yet a long way to go judging by the many milestones of success..." The Navalakha Group's principles bode well for a further enhancement of understanding between the two Companies. Both excelling, both focussed, and both delivering.

About CNPV

CNPV Solar Power SA (NYSE Euronext: ALCNP) is a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules that designs, manufactures and supplies highly efficient and cost effective crystalline solar photovoltaic modules.

About Navalakha Group

Navalakha Translines is one of India's largest fleet owners of Chemical & Gas Tankers with annual revenue of INR. 450 Mn. Nav Gases & Chemicals is among the largest bottler of Liquor Ammonia with an Annual Turnover of INR. 400 Mn. Navalkaha Group is also into Hi-tech Agri & Horticultural farming with a land hold of more than 300 acres in the Indian state of Maharashtra. Navalakha's foray into Renewable energy started with setting up of Wind Energy Generators in early 2000. They own and operate 30MW WEG with an investment of over INR 1 bn. Their group company TS Wind developers are into infrastructure development of Wind farms and executed more than 120MW Wind generators in several parts of India.

For more information, please contact:

CNPV Solar Power SA
Bypina Veerraju Chaudary, Chief Operating Officer
Phone: +86-13656-473355

Source: CNPV Solar Power SA