Dr. Richard Stone
Dr. Niranjan Kumar
Chairman / CEO
80 Main Street, 5th Floor, West Orange, NJ 07052, USA


EEFC/ABS Partner Suryachakra

Dr. Niranjan Kumar, Chairman/CEO ABS Novacell LLC has partnered with EEFC to accomplish renewable energy projects in India in association with Suryachakra Power Corporation. Our current project – producing pellets from biomass to be used as fuel.

Suryachakra Global Enviro Power Limited, a wholly owned subsidiary of Suryachakra, seized an opportunity in the renewable energy source to establish a 9.8 MW biomass fuel based power plant on a 30 acres site near Madwa village in the Champa-Janjgir district of Chhattisgarh State in May’2008. The project is under operation through long term power purchase agreement with the Chhattisgarh State Power Distribution Company Limited (CSPDCL). The project has been registered with the UNFCCC for receiving of CERs.

Suryachakra Power Corporation Limited had set up a 20MW diesel based power plant in a remote area near Port Blair, Andaman Islands at a cost of Rs. 850 millions and dedicated it to the Nation. The plant has been in successful operation since April 2003. It has already notched up an annual turnover of Rs.1 billion.

Suryachakra had bagged the award to construct and operate the 20 MW Diesel based Power Plant in Andaman & Nicobar Islands through Competitive Bidding by the A&N Administration. The project was funded by State Bank of India and SREI Infrastructure Finance Ltd. The equity was originally provided by Dr.S.M.Manepalli & Associates, Caterpillar and BSES Limited. The Company is accredited with ISO.9001: 2008 certification. SPCL has gone for a successful IPO subscription during June 2007 and is a listed company on the Bombay Stock Exchange[BSE].


  • Renewable Energy (Biomass, Solar, Hydro, Wind)
  • Clean Technology based Ultra Super Critical Power Plants (Coal and Gas)






From “The Economic Times”: Two US companies to develop renewable energy projects – The Exim Bank of US and Suryachakra Power Corp NEW DELHI: Suryachakra Power Corp today said its Hong Kong subsidiary has entered into a JV pact with two American entities for developing renewable energy projects in India that will have a capacity of 500 MW. Suryachakra Global Ventures Ltd, Hong Kong (SGVL) has signed MoU with American Bio Sources (ABS) and Environmental Energy Finance Corp (EEFC).

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Key Developments

  • The company has been accredited with ISO 9001-2008 certificate for the plant at Port Blair.
  • The promoters of the Company acquired the shares held by M/s.Caterpillar Power Ventures International (Mauritius) Limited during 2005 through Kalyan Securities Limited one of the promoter’s core investment companies.
  • SPCL launched three wholly owned subsidiaries for setting up of biomass power plants: LPSL, SAAIL and MSM Energy Limited.
  • SPCL received License for Power Trading.
  • Initial Public Offer: The Company came out with a successful IPO of 3.4 crores equity shares of Rs. 10/- each at a premium of Rs. 10/- during June 2007. The shares are listed on Bombay Stock Exchange (BSE). The Company Code in BSE is 532874 and Ticker Symbol in Bloomberg is SUPC:IN.
  • SPCL acquired 51% stake in Sri Panchjanya Power Pvt Limited, which is setting up a 10 MW biomass based power plant at MIDC Hingoli, Maharashtra.
  • 4 out of 5 biomass projects have been registered with UNFCCC for carbon credits.
  • Suryachakra formed a Joint Venture with MAN Solar Millennium GmbH, a global leader in Solar Thermal Technology, for setting up of Solar Thermal power projects in India.
  • Suryachakra awarded Haldia Urban Infrastructure project by M/s.Haldia Development Authority.
  • SPCL signed an MoU with Chhattisgarh government for setting up of Coal based power plant in Chhattisgarh.
  • SPCL received No Objection Certificate for setting up of 70 MW coal washery rejects / coal based power plant in Chhattisgarh.
  • Lahari Power & Steels started commercial operations during April’ 2008.
  • Signed MoU with MP Government for implementation of coal projects.
  • South Asian Agro Industries started commercial operations during Jan’ 2009.
  • Suryachakra Group created energy vertical in 2009. Suryachakra Group inducted First Climate/CCI, as investment partner in Renewable Energy Portfolio.
  • Suryachakra has partnered for Clean technology equipment suppliers/ Equity participation with leading companies – BWE Energy, Denmark, part of STF SpA group(Italy) and Punj Lloyd Ltd, India.