The company will also bring a solution to ensure that the energy produced from these solar plants will be fed into its electricity grid on a consistent basis.

This will come in handy in many places where the grid has a tendency to break down, which will result in power losses.

Astonfield has also announced an agreement with French energy major Areva for building biomass power generated plants of 100 MW at an estimated cost of Rs.550-630 crore.

While Astonfield will invest about 60 percent of the amount, Areva will contribute the rest. Work on the first project of 10 MW is slated to come online in Gangarampur in West Bengal by the last quarter of 2009.

Astonfield is also planning a 54 MW power project which will generate electricity using municipal solid waste in Kolkata.