Ajmera Realty & Infra forays into solar power
The Ajmera Realty and Infra India Ltd has forayed into solar power project in a big way. Ajmera Biofuel a subsidiary of Ajmera Realty & Infra India Ltd has acquired 49% stake in the Solar project at Osiyan in the Jodhpur district of Rajasthan. The distinctive feature of the project is the Grid Interactive Electric Power Generation with the Capacity of 5.75 MWp. The project emphasizes on the adoption of the state of the Art Poly Crystalline Silicon Solar Photovoltaic (SPV) Cell Technology.
The project has achieved the Grid Connectivity on the Oct 15, 2011 & has commenced supplying the H.T.Power to the Rajasthan Grid. The company has signed PPA for 25 years with subsidiary of NTPC under Jawaharlal Nehru National Solar Mission. The payment of the project is secured under revolving Letter of Credit from subsidiary of NTPC. We are also enjoying one of the highest tariffs in the industry.
Nimish Ajmera, business head of Entire Renewal Space of Ajmera Realty & Infra India Ltd, said that this is the first set of Solar Project to be approved and has been commissioned under the auspices of JNNSM (Jawaharlal Nehru National Solar Mission) launched in January, 2010. The Project launched is based on renowned latest international technology. According to the sources the Project has already been set up, commissioned within the stipulated time frame.
Comet Power Pvt Ltd (Joint Venture between Videocon and Ajmera Group) has invested Rs86 crore to set up 5.75 MW Solar Power project at Rajasthan.