Rolta Power ven­tures into so­lar projects

Project Monitor - - FRONT PAGE - A BUSINESS COR­RE­SPON­DENT Aditya K Singh, MD, Rolta Power Pvt. Ltd

Rolta Power Pvt. Ltd, which has in­ter­ests in IT, real es­tate, in­vest­ments and mer­chant bank­ing, is ven­tur­ing into the so­lar power sec­tor with an in­stalled ca­pac­ity of 60 MW pro­duc­tion line of PV mod­ules, the company an­nounced.

The company aims to man­u­fac­ture A+ grade of so­lar pho­to­voltaic pan­els as well as of­fer so­lar EPC projects, rooftop so­lar projects (KW), so­lar wa­ter pumps and so­lar tele­com tow­ers. It aims to go beyond EPC ser­vices, such as man­u­fac­tur­ing, com­plete EPC (in­clud­ing ba­sic de­sign), owner op­er­a­tor so­lu­tions, op­er­a­tion and main­te­nance, back­end pa­per­work to claim sub­si­dies, and get­ting gov­ern­ment grants etc. on be­half of clients.

“With the rise in de­mand for re­new­able en­ergy, cou­pled with promis­ing leg­is­la­tion and the need to en­hance en­ergy self-suf­fi­ciency, start­ing a so­lar en­ergy business was an ex­cit­ing op­por­tu­nity for us,” Aditya K Singh, Pro­moter and Man­ag­ing Di­rec­tor, Rolta Power Pvt. Ltd, said.

He fur­ther said, “The na­tion is still in its in­fant stage of man­u­fac­tur­ing cy­cle for sup­ply-chain. Hence, with its proac­tive leg­is­la­tion, gov­ern­ment grants and po­lices sup­port­ing this in­dus­try, there is a prof­itable back­ward in­te­gra­tion op­por­tu­nity avail­able to be cap­i­talised upon. Rolta Power Pvt. Ltd. is look­ing at mak­ing this con­tri­bu­tion as per its ex­pan­sion needs.”

With the in­crease in de­mand for so­lar pho­to­voltaic in Asi­aPa­cific coun­tries, In­dia will con­tinue to be one of the top coun­tries to drive re­gional de­mand. Though there is dras­tic fluc­tu­a­tion in panel prices, In­dian man­u­fac­tur­ers will look to ad­vanc­ing tech­ni­cal pro­fi­ciency and in­creas­ing value chain and both for­ward and back­ward in­te­gra­tion to dis­tin­guish their prod­ucts from other deal­ers in the mar­ket.

Singh added, “The grid par­ity has been met more or less as com­pared to ther­mal power or any other con­ven­tional power source in In­dia. Hence, we do not see another re­ces­sion in so­lar power sec­tor, maybe for some time.”

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