New Generation Power International (NGPI) is an American energy company.
History
The company is based in
Chicago and was co-founded by company chairman
Chirinjeev Kathuria
Chirinjeev Kathuria is an Indian-American investor, physician, politician, businessperson, and philanthropist. He was the first Indian-American to run for the US Senate. Kathuria is the co-founder and co-chairman of UpHealth Inc. which went public ...
in 2010.
The company develops renewable energy in international markets from resources, such as
solar power,
hydropower,
biomass
Biomass is plant-based material used as a fuel for heat or electricity production. It can be in the form of wood, wood residues, energy crops, agricultural residues, and waste from industry, farms, and households. Some people use the terms bi ...
,
wind power,
geothermal, waste-to-energy, and
cogeneration.
It has also developed, invests, owns, and operates infrastructure assets in the areas of utility-scale power generation, and distributed generation.
Projects
NGPI was given a contract to develop solar and geothermal projects for the
US Army, and built a solar power farm located at
Chicago Rockford International Airport. NGPI formed a joint venture with Yilsan Holding, Mineks International and DCM Energy to install and operate a 100 megawatt geothermal power plant for the nation of Turkey. NGPI signed a cooperation agreement with the Republic of Srpska in 2012 to develop four hydro projects totaling 365 megawatts on the
Lower Drina River. In collaboration Nippon Energy Solution, NGPI will build three 11.5 megawatt wood biomass power plants in Japan.
References
{{reflist
Companies based in Chicago
2010 establishments in Illinois