Sun Technics ties up with rural bank in Mysore

Mysore, Dec 13 (UNI) Sun Technics, a leading system integrator for renewable energy and the flagship company of the Conergy group, has tied up with Cauvery Kalpatharu Grameena Bank (CKGB) for retail funding of environmental-friendly energy solutions.

Sun Technics clients would directly profit from the association as it provided easy financing options for clean and environmental-friendly energy from renewable energy.

Commenting on the tie-up, Sun Technics India Country Manager Rajesh Bhat said ''through this loan option, we are able to offer a better service for our customers. This kind of tie-up is the first of its kind and we expect to have similar arrangements with many more banks in the near future. The rural banks play a vital role in educating the villagers about the importance of basic power at homes and how it could help in giving better living conditions to them and their children and further how banks could help them through easy payment options. The banks are able to largely influence the villagers whom they also serve for agricultural credit.'' The Germany-based Sun Technics was one of the world's leading providers of turnkey systems for the usage of renewable energy and offered turnkey solutions in photovoltaic, solar thermal, small wind, biomass, off grid and hybird technologies utilising unparalleled engineering expertise. Sales of the company, with a global headcount of 440, have nearly doubled from 130 million Euros in 2004 to 240 million Euros in 2005.

The city-based regional rural bank, CKGB, had over 200 branches spread across Mysore, Chamarajanagara, Hassan, Tumkur, Bangalore Urban and Bangalore Rural districts.

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