Kender Energy Signs Indian Distributor MarketWatch (press release)
GENEVA, May 20, 2010 (MARKETWIRE via COMTEX) -- Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has signed a Distribution Agreement with NanoBright Solar Ltd of Hyderabad, India.
NanoBright Solar Ltd ( http://www.nanobrightsolar.com/ ) is a solar infrastructure company serving the individual homes market, as well as the solar water pumping industries. Kender Energy's present distribution agreement pertains to the Andhra Pradesh province, which encompasses the main cities of Hyderabad, Warangal, Vijayawada, Visakhapatnam and Nellore. On July 2009, India unveiled a $19 billion plan to produce 20 GW of solar power by 2020. Under the plan, solar-powered equipment and applications would be mandatory in all government buildings including hospitals and hotels. In November 2009, it was reported that India is ready to launch its Solar Mission under the National Action Plan on Climate Change, with plans to generate 1,000 MW of power by 2013. The amount of solar energy produced in India is merely 0.4% compared to other energy resources. However, as of October 2009, India is currently ranked number one along with the United States in terms of installed Solar Power generation capacity. This indicates a strong trend and growth rate, likely to extend into the future.
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