C-Quest Capital Appoints Mahua Acharya as CEO of CQC Green Ventures

Washington, D.C. (March 19, 2012) — Washington based C-Quest Capital LLC (CQC), a global leader in Programatic CDM for energy efficiency, announced today the appointment of Ms. Mahua Acharya as Chief Executive Officer of CQC's Indian affiliate, CQC Green Ventures. Mahua will assume day-to-day responsibility for a large and growing program of investment in efficient lighting and cooking in India operated by a staff of 20. Mahua is a graduate of Yale University and has had a distinguished career in carbon finance and corporate social responsibility. She led the development of a carbon protocol while in the World Business Council for Sustainable Development in Geneva, was a successful deal manager in the pioneering carbon finance business of the World Bank in Washington, and headed up Mittal Steel's carbon portfolio management business in London before returning to India to join Emergent Ventures as a senior manager responsible for corporate financing. Mahua takes over the management of almost 20 staff members in CQC Green Ventures and in turn the supervision of contractors with hundreds of staff engaged daily in distributing compact fluorescent light bulbs to replace inefficient incandescent light bulbs in poorer households across India.

CQC has recently closed major investments in its efficient lighting platform with Allianz, the global financial services company, and certain family offices; CQC Green Ventures focuses on implementation and development of leading edge businesses in LED lighting and efficient cooking in India. Mahua’s appointment completes the build-out of the top management team since September of last year including General Yadvinder Teja (retired) as Head of Operations, Ms. Neelima Jain as Head of Planning and Mr. Rajesh Arya as Controller.

"These appointments strengthen an already accomplished team of operational and carbon management professionals that have brought CQC's CFL Platform operations to scale," says Ken Newcombe, CQC's global CEO. “Mahua's appointment ushers in a period of consolidation and growth after several years of hard work to build the India business in spite of severe constraints in the global capital and carbon markets,” he said.