[August 23, 2012]

Nexant to Lead USAID Partnership to Advance Clean Energy Deployment (PACE-D) in India

Nexant, Inc. today announced that it has been selected by the U.S. Agency for International Development (USAID) to lead the agency's Partnership to Advance Clean Energy (News - Alert) Deployment (PACE-D) technical assistance project in India.

Under PACE-D's five-year scope, Nexant's team of Indian and U.S. clean energy experts will work closely with USAID and Government of India counterparts to scale up and deploy innovative energy efficiency and smart grid technologies and practices; advance commercial, market-driven renewable energy technologies; support supply-side efficiency from clean coal power generation; and enhance greenhouse gas mitigation programs.

The PACE-D platform will enable public and private stakeholders to develop, test, validate, and commercialize innovative technologies for the growing low-carbon market. It will also help U.S. and Indian clean energy developmental partners to overcome common business challenges and barriers to deliver environmental, scial, and economic benefits from clean energy deployment.

"Nexant is pleased to support USAID's clean energy initiative in India," said Basem Sarandah, Nexant CEO. "Our own growing presence in the region underscores our commitment to providing critically needed clean energy and energy efficiency technology and services throughout Asia. In particular, we are eager to work with our local partners to support India's efforts to transform its energy economy and look forward to making a significant contribution toward that goal under the PACE-D program."

"We will pursue a consultative approach to building stakeholder capacity, engaging the private sector, and establishing an enabling ecosystem to scale up clean energy deployment in India," said Dick Edwards, Nexant Vice President and PACE-D Officer-in-Charge. "We also plan to work closely with USAID to coordinate additional U.S. government interagency resources that may benefit the overall PACE-D effort."

Nexant's PACE-D team will be based in New Delhi and will be led by Chief of Party Sanjay Dube. He can be contacted at sdube@pace-d.com.

ABOUT NEXANT

Nexant specializes in a broad range of advisory services to the global energy sector, including feasibility studies, mergers and acquisitions, and strategic planning. Nexant offers a comprehensive suite of best-in-class energy enterprise software designed to transform utility business processes and implement smart grid and energy conservation initiatives. Over the last decade, it has been developing and commercializing technology solutions-such as iEnergy^TM, GRID360^TM, iHEDGE®, and RevenueManager®-enabling utilities, power producers, and retailers to operate and deploy new technologies and applications in the emerging grid. Operating from 32 offices in the U.S., Europe, the Middle East, Asia, and Africa, the company's team of industry professionals has completed more than 3,000 client assignments in over 100 countries, and its software operates in over 120 control centers at utilities worldwide. Its clients include major utilities, transmission and distribution system operators, chemical and petroleum majors, financial institutions, government agencies and Fortune 500 companies.

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