Date:29/12/2006 URL: http://www.thehindubusinessline.com/2006/12/29/stories/2006122900581900.htm

Back Karnataka Bank pact with Sun Technics

Our Bureau

Mangalore, Dec. 28

Karnataka Bank Ltd has entered into a memorandum of understanding (MoU) with Sun Technics Energy Pvt Ltd for financing the purchase of solar water heating and home light systems.

A bank release said here on Thursday that the finance would be extended to customers under `KBL Ravikiran' scheme. Mr G.K. Bhat, General Manager of the bank, and Mr Rajesh Bhat, Director and Country Manager, Sun Technics Energy, signed the MoU.

Sun Technics Energy is a manufacturer of solar equipment such as solar photovoltaic systems, solar water heating systems, solar lanterns, and bio energy and wind energy systems, having technical collaboration with the Indian Institute of Science, Bangalore, the release added.