Armaec Energy Group Plc | Investment Risks

Peter Hughes Chairman

Peter is an electrical engineer with more than four decades of experience in the global energy sector. He has a background in strategic planning, new business development and asset management. He has directed a number of international gas and electricity ventures, including, as Managing Director of PowerGen International Ltd, a 10,000 MW independent power generation business which he grew from start up to an $8 billion global conglomerate operating in 10 countries, including India and SE Asia. He co-founded Broadview Energy Ltd, a UK wind-farm developer, where he is a non-executive director. He holds 3 other non-executive directorships in technology companies. His expertise in running global operations in multiple jurisdictions and his experience of the power sector in India will enable Armaec to effectively carry out its asset management functions.

Chandra Raman Chief Executive Officer

Raman is a chartered accountant with a successful finance & business career spanning over 25 years in the power sector in India. He has held CFO & CEO positions with Indian and multinational power companies and has developed, established and operated power plants both in the conventional (fossil fuel based) as well as in wind energy. In his last role, he set up the wind energy generating assets in excess of 350 MW for Enercon, world’s third largest wind turbine manufacture, in India.

Raman has successfully established regional offices and managed profit centres in India, Middle East, Africa and Sri Lanka. Raman brings with him an excellent understanding of issues in the renewable energy sector including those related to regulatory, policy, risk and financing required to develop and run a successful business venture.

Chris Morris Technical Director

Chris holds degrees from the University of Nottingham, where he was also CEGB / AEA Research Fellow, was an appointed Member of the UK Government’s Renewables Advisory Board for six years until the end of 2008 responsible to the Minister for Energy, and spent 10 years as a Director of the British Wind Energy Association. He was Founding Chair of the World Energy Council’s Renewable Energy Committee, is a Member of the Advisory Board for Loughborough University's Centre of Renewable Energy & Sustainable Technologies (CREST), and is actively engaged in promoting job creation from the deployment of renewable energy technologies in the UK. His enviable reputation and exceptional commercial experience comes from 35 years in the power industry in scientific, engineering and commercial roles. Chris was responsible, as General Manager, for establishing and growing Powergen Renewables (now E.ON UK Renewables, one of the UK’s largest wind energy companies) which focused on onshore and offshore wind energy in the UK and Ireland from 1995 to 2003. He increased the value of Powergen Renewables by £100 million in a three year period, when it was a joint venture with Abbot Group Plc.

Suchit Punnose Commercial Director

Suchit is a social entrepreneur with an eye for emerging markets and opportunities. As a management consultant and investor, he has incubated businesses in sectors ranging from retail to commercial printing to vehicle lease and accident management business. Climate change is a topical issue that he is passionate about and is focussed on promoting businesses that support sustainable living. Outside work, he enjoys spending time on charitable causes and playing golf. He is the CEO of Red Ribbon Asset Management Plc, the majority shareholder of Armaec.

Raj Kandeth Finance Director & Company Secretary

Raj is a certified chartered accountant who has held senior accounting positions in several Plcs including that of finance director. He has worked in the fashion industry with Jasper Conran and the restaurant business with Sir Terence Conran's gastrodome enterprises and his design studio. Raj also has the experience of working with several major retailers such as Wickes Ltd where he was responsible for the integrity of the stock accounting function of 130 stores nationwide with a turnover of £600 million and Carpetright Plc. In his last position as finance director of Parkwood Healthcare Limited (a subsidiary of Parkwood Holdings Plc) he played a very active operational role in business development working alongside the MD and was able to successfully streamline the operations and secure high value contracts.

Allen Hovsepian Non Executive Director

Allen is a physicist by background and has 12 years of experience as a consultant. He has worked in areas as diverse as Government, the energy sector, banking and finance. As a consultant he led the analysis, process re-engineering, and system implementation phases of various projects, for example during the deregulation of the electricity markets, enabling material benefits to be realised. Currently he works in the hedge fund industry helping to bring efficiency benefits, both process and system driven, in part developing bespoke systems for the fund of funds market. He has a keen interest and passion for the alternative energy sector which was sparked by both his studies, and the social and economic benefits he sees in energy diversification.