Punj Lloyd enters solar utility projects domain
Punj Lloyd Group, the diversified EPC conglomerate has announced its entry into the solar utility space. Punj Lloyd, which has already established itself as one of the foremost process contractors in the design and construction of related renewable facilities namely biofuels, will provide solar photovoltaics (SPV) and solar thermal solutions with a strong emphasis on technology and providing application specific solutions.
This initiative will be driven by Punj Lloyd Delta Renewables, headed by CEO, Dr Tariq Alam. Making the announcement Dr Alam said, “The amalgamation of Punj Lloyd’s global presence and management expertise and Delta Solar’s comprehensive understanding of key applications, together with leading edge designs and technology provides the ideal foundation for us to become a dominant global force in the renewable energy sector.”
Sharing his perspective Atul Punj, Chairman, Punj Lloyd Group stated, “It is logical for us as EPC leaders to partner with Delta Solar of Singapore, who are already established in India and are the chosen provider for solar lighting solutions for the Commonwealth Games Village. This initiative will enable us to address the immediate need for significant energy savings and clean energy sources globally.”
Punj Lloyd Delta Renewables will develop, engineer and execute renewable energy based projects throughout the world. Acutely aware of the environmental and sustainability issues associated with the production of fuels and energy using conventional methods, and the growing global demand for alternative renewable sources, the company will provide turnkey integrated development and sustainable solutions within the power, building and infrastructure sectors.
While initially focussing on solar energy, Punj Lloyd Delta Renewables will diversify into other forms of renewable energy like biomass and wind.