Corporate Philosophy
Success
Success to us is measured in profits. No other benchmark will suffice. We will strive to maximise the return on your investment and will not rest until we can be proud of our results.
Team
Team work is a vital ingredient of a creative organisation. Only by recognising and using in full the talents of everyone in our team, from chairman to secretary, can we expect to produce the outstanding results we demand. This means involving each member in our search for success.
Dedication
Dedication is the natural result of our team approach and the driving force behind our insatiable appetite to identify high return projects and bring them to fruition without sacrificing safety or security.
Learning
Learning from others is something we encourage. We welcome the constructive suggestions and criticism that can lead us to higher achievement. There will always be new ideas and methods in the world of business, which we should never be too proud to embrace.
Integrity
Integrity is the foundation of long-term relationships and everything we do is predicated to that ethos. Our corporate policy, strategy and vision have been evolved with integrated social responsibility as our goal. We take our part in the wider community very seriously and understand the commitment this involves.
The Team
Over 40 years of combined experience in business, investments and renewable energy
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.
Raj Kandeth
Finance Director & Compamy 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.
Chris Morris
Technical Director
Chris holds degrees from the University of Nottingham, 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, 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.
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.
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.
Community
Armaec is firmly committed to contributing back to the community. 5% of its annual trading profits are paid to local and national charities. Acting responsibly on climate change is a new paradigm for businesses everywhere. The directors of the company strongly believe in being eco-friendly. ‘Green Technology’ is adopted at every stage of the business process and the focus is on making an impact by reducing the carbon dioxide emission levels.
We welcome suggestions on how to reduce carbon dioxide emission and help protect this planet for the generations to come.