KPI Global secures 12.5 MW captive solar project from Anupam Rasayan
Category: #business  By Pankaj Singh  Date: 2021-05-05
  • share
  • Twitter
  • Facebook
  • LinkedIn

KPI Global secures 12.5 MW captive solar project from Anupam Rasayan

Gujarats leading solar power generating company, KPI Global, has recently announced receiving an order for building a 12.5 megawatts solar project under the captive power producer capacity from Surat-headquartered Anupam Rasayan India.

It has been reported that the solar company had received a Letter of Intent (LoI) for the project from Anupam Rasayan, the firm pioneering in production and custom synthesis of specialty chemicals in the country.

According to official sources, the entire capital expenditure of Rs. 43 crores would be financed from Anupam Rasayans recently concluded IPO proceeds. On completion, the plant would cater to the energy requirement of the companys major units.

Commenting on the planned investment, MD of Anupam Rasayan, Anand Desai stated that environmental sustainability has been one of the highest priorities for the company, and it is constantly looking into opportunities into renewable energy space.

Mr. Desai added that the proposed solar plant would help the firm rationalize its energy costs through an anticipated savings of around Rs. 10 crores annually for the next 25 years.

In fact, Anand mentioned that this novel investment stands out to be a significant step in terms of Anupam Rasayans transition towards cleaner source of energy.

Meanwhile, speaking on captive solar power plants, MD and Chairman at KPI Global Infrastructure, Faruk Patel quoted that these plants form a profitable scheme for emerging MSMEs.

As per Mr. Patel, most production units in MSME segment have small roof size and poor infrastructure, which allows them to barely meet 5% to 10% of their energy consumption from solar installation, while energy consumption accounts for 25 to 40% of their overall production cost.

Turning to captive solar plants would allow these enterprises to not only support them in addressing the challenges put forth by global warming, but also generate additional cash flows for their business.

Faruk further cited that MSMEs are now being offered ample funding for them to make a switch to captive solar plants to accentuate their profits.

Source Credit: https://www.pv-magazine-india.com/2021/05/03/kpi-global-secures-12-5-mw-captive-solar-project/

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh    

Pankaj Singh

With an experience as an insurance underwriter and a freelance writer under his belt, Pankaj Singh boasts of quite some expertise in the field of content creation. A qualified Post Graduate in Management, Pankaj has also completed a detailed course in Digital Marketin...

Read More

More News By Pankaj Singh

Samsung rolls out its expanded 2021 Odyssey gaming monitor range
Samsung rolls out its expanded 2021 Odyssey gaming monitor range
By Pankaj Singh

Samsung Electronics, one of the leading players in the gaming monitor market, has reportedly announced the commercial launch of its expanded 2021 lineup of Odyssey gaming monitor. Following the launch of its curve-shaped gaming monitor in 2020, the c...

Indonesia to only sell electric motorcycles and vehicles by 2050
Indonesia to only sell electric motorcycles and vehicles by 2050
By Pankaj Singh

The country is seeking to increase the processing of nickel laterite ore which is used in lithium batteries In a bid to reduce carbon emission levels, the Energy Minister of Indonesia, Arifin Tasrif has announced that the nation is planning to only ...

Amway announces Rs 170 crore investment in India over 2-3 years
Amway announces Rs 170 crore investment in India over 2-3 years
By Pankaj Singh

Nutraceuticals giant, Amway, has reportedly made it to the front page following its recent announcement of investing a whopping Rs 170 crore in the Indian sub-continent over the next 2 to 3 years, in an attempt to boost the research and development, ...