Power Profiles | August 2015
Power 20:20 Personality Profile | Lt Col Monish Ahuja
Punjab Renewable Energy Systems Pvt. Ltd (Bermaco subsidiary) Head of most innovative power company (renewable power) (Private Sector)
Currently the Managing Director of Bermaco Energy Ltd and Punjab Renewable Energy Systems Pvt. Ltd; Lt Col Monish Ahuja (Retd) took premature retirement from the Corps of Electronics and Mechanical Engineers. In a short span, armed with the understanding of Biomass IPPs and supply chain management, he set up a first of its kind biomass fuel aggregation and supply company Punjab Renewable Energy Systems Private Limited (PRESPL).
The company has grown from a start-up to a Rs 500 million turnover company is two years time and closed its first round of PE investment from Zurich-based Impact PE-responsibility. This is a big force multiplier to support biomass IPPs, process industry boilers, co-generation plants and other industries using biomass as feedstock.