RPP Infra plans to enter into Solar Power Project
RPP Infra Projects with interest in development of highways, roads and bridges plans to enter into Solar Power project. The company will setup a plant of 5 MW to generate electricity from non-conventional sources as solar power with the total investment of Rs80 crore. The project will commence operation in the financial year of March 2011-2012.
Arul Sundaram, Chairman and Managing Director, RPP Infra Projects, said: “Solar power is one of the major non conventional energy resources available in plenty in this sub continent. Government of India has formed Jawarharlal Nehru National Solar Mission (JNNSM) and fixed the targets for the year ending 2012, 2015 and 2020 totaling to 20000 MWs. This clearly depicts the focus on the sector and to meet up the rising demand for the energy.”
The project will utilize crystalline technology for producing power by solar energy. The company has selected the site at Kamudhi, Ramanathapuram District of Tamil Nadu, aggregated 92 acres of land in Tamil Nadu. This site is considered to be one of the most potential areas identified for the solar energy, in South India.
For the solar power project, the company plans to enter through Joint Ventures with potential solar cell manufacturing companies in Thailand and China. The company is in advance talks with Thai Agency Engineering Cooperation Limited from Thailand. RPP Infra is also looking for the prospective partners from the company in China to commence their operation for Solar Power Projects. “We are looking for the prospective partners in China location for our ambitious project. We will be finalizing the potential partner in coming months.”
The investment for the solar power project would be based on the agreement between the company and its Joint Venture partner. Funding for the project shall be finalised once the JV is crystallized, it said.
Apart from this project, the company also plans to setup a manufacture unit for Solar PV module in coming years as the demand for the PV module is growing at a very fast pace.