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Capstone Signs CICB-Chemicon as Its New Distributor in India

Posted on April 15, 2009

Capstone Turbine Corporation has signed CICB-Chemicon as its new distributor in India. CICB-Chemicon is a 30-year-old company headquartered in Bangalore that engineers, manufactures, installs and commissions energy systems throughout India.

“CICB has the experience and capabilities to increase sales in this region,” said Jim Crouse, Capstone’s Executive Vice President, Sales and Marketing. “Private sector distributed generation constitutes approximately 15% of the total installed capacity of India and is expected to increase in the future. With CICB as our partner we hope to be a part of this growing market.”

"Customers in India are driven by the need for reliable on-site power that is cost-effective,” said K.D. Kini, Chief Executive Officer of CICB-Chemicon. “As the Indian economy continues to grow, reducing greenhouse-gas emissions is also a priority. We like the fact that Capstone’s products are environmentally friendly, highly reliable and efficient, offer modular design for easy installation, and operate on a variety of fuels that can be used in co-generation and tri-generation applications.”

"India suffers from widespread shortages of electricity supply. These shortages, among others, are detrimental to their economic growth,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “Our distributed generation products combined with CICB’s knowledge of the Indian energy market offers a solution to aid India’s economic growth.”

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