CNPV signs long term strategic partnership with Tamrag Power Group for Nepal and Bangladesh

LUXEMBOURG & DONGYING, CHINA: 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, has entered into a long-term strategic partnership agreement with Tamrag Power, a leading Nepal and Bangladesh project developer and supplier of renewable energy products, with over 20 years’ experience in the renewable energy sector.

Under the terms of this strategic agreement, CNPV will supply Tamrag Power with a total of 30MWp of high performance PV Modules from 2010 to 2012, which includes 5MWp of scheduled delivery during 2010. The remaining 10MWp and 15MWp are scheduled for delivery in 2011 and 2012 respectively.

"Tamrag Power have demonstrated their capability repeatedly," said B. Veerraju Chaudary, CNPV's COO, CTO & Member of the Board. "Their strategic vision, customer focus, attention to detail and their overriding quality of operation has seen them grow and succeed in a highly competitive market. The recent amalgamation of their highly effective organisations in Nepal and Bangladesh, and now the addition of our own local support functions, provides now provides a unified approach to the provision of high quality solutions in this region, and makes Tamrag Power and CNPV together, even more assured of further success."

Zhang Shunfu, CNPV’s CEO, was delighted by the news of this development. He said: "The choice of CNPV as Tamrag Power’s exclusive strategic partner makes us extremely proud. It further acknowledges our own endeavours are adding value to our customer’s goals, and gives us the opportunity to develop our Company and services further. It is only by working with credible, key industry players that we are able to rapidly responding efficiently to the dynamics of the market. Together with Tamrag Power we can continue to anticipate and provide the solutions that other solar companies omit."

"We are driven to be the best," iterated Rajesh Chaudhary, Tamrag Power Groups president and CEO, "Our strategy has always been about our actions rather than our words. We expect the finest of our people and our suppliers and we ensure that we deliver a preeminent service. CNPV, emulate our vision of business excellence and are a natural fit for our future."

Shah MD. Sazzad Hossain and Dipan Raghubanshi managing partners of Tamrag group summed up the alignment of the companies well. They added: "CNPV’s quality of service and provision of added value services made them the singular choice for us. Their range of high quality modules, priced correctly, has a diversity to satisfy all of our customers’ requirements. Their ability to provide leading edge technology has been exemplary. Outperforming all other systems and Companies, we are delighted with our choice and look forward to further developing the market, and providing new solutions together."