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Shriram EPC debuts in solar power space

EM NEWS BUREAU ,  Thursday, September 22, 2011, 17:27 Hrs  [IST]

Untitled - 8.jpgShriram EPC Ltd SEPC has been awarded an order worth Rs.jpg640 crore from Abhijeet Projects Ltd for constructing a 50-mw solar thermal power plant in Jaisalmer district of Rajasthan. This marks the entry of Shriram EPC in the solar power vertical.

The project, won under the Centre's Jawaharlal Nehru National Solar Mission is owned by Abhijeet Group company Corporate Ispat Alloys Ltd. CIAL has also entered into a technology agreement with Ener-T International Ltd, Israel for providing the solar technology to this project. SEPC will execute the EPC work in partnership with Israel-based ENERT International Ltd, a technology and engineering provider for solar thermal projects.

The scope of work includes the design, engineering, procurement, supply, erection, testing & commissioning for the entire project. In addition, the project entails setting up of a raw water storage system which includes a facility for pretreatment of water and storage capacity for 60 days consumption. The project is scheduled for completion in 20 months.

Commenting on the contract, T. Shivaraman, Managing Director & CEO of Shriram EPC Limited, said, "This contract win is significant for Shriram EPC as it marks our foray into the solar power vertical. We have further broadened our service offerings in the renewable energy space as we now offer competencies in wind power, biomass power as well as solar power. We are actively pursuing opportunities in these verticals as we foresee strong prospects for the renewable energy industry in the future."
 
                 
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