Mahindra EPC tops Merit List for early commissioning of projects under National Solar Mission

Mumbai, April 3, 2013: Three Solar Power Projects constructed by Mahindra EPC, which is part of the USD 15.9 billion Mahindra Group, and the largest solar EPC in the country this year, have been recognized by the Central Government’s Ministry of New and Renewable Energy (MNRE) and the nodal agency for Phase I of the JNNSM – NVVN (Jawaharlal Nehru National Solar Mission -NTPC Vidyut Vyapar Nigam), in their recently announced merit list for early commissioning of solar power projects.

 

The 5MW Solar PV power project constructed by Mahindra EPC for Mahindra Solar One near Jodhpur, Rajasthan, has been listed in the top slot under the merit list for Phase I, Batch I. In addition, two projects constructed by the company for Fonroche, France with a capacity of 5MW and 15MW near Bikaner, Rajasthan, have been listed as first and third ,respectively on the merit list for early commissioning for Phase I, Batch II.

 

“I am happy to note that India’s installed capacity for grid connected solar projects has crossed 1500 MW and several projects have been commissioned ahead of schedule in Batch II of Phase I of the JNNSM,” said Dr. Farooq Abdullah, Honourable Minister, Ministry of New & Renewable Energy (MNRE).

Commenting on this recognition, Basant Jain, CEO, Mahindra EPC, said, “We are honoured to be in the prestigious merit list of MNRE and NVVN for early commissioning of solar projects in both batches of JNNSM Phase 1. We have commissioned 60 MW of solar projects in 4 months which is a clear indication of our ability to execute large scale solar plants within record time while ensuring the highest quality standards in every aspect of project execution.”

 

According to Parag Shah, Managing Partner at Mahindra Partners and Head of Mahindra Cleantech Ventures, “I congratulate Mahindra EPC for having earned the coveted distinction of being in the MNRE merit list twice in a row in such a short span of time. We have identified the renewable energy sector as a future growth driver for the Mahindra Group and have plans to develop 500MW of solar power projects between our Solar EPC and Solar Project development arms over the next 3 years, both within India and in overseas markets.”

 

The three solar PV power plants put together are equipped to supply more than 45 million units of clean and green energy annually and are expected to displace nearly 36,000 metric tones of CO2 annually. The plants employ high output thin film technology Solar PV modules from First Solar, USA and high-end crystalline silicon PV technology from SunPower, USA. They are spread across a cumulative area of almost 200 acres and were constructed in Rajasthan with the support of the RREC (Rajasthan Renewable Energy Cooperation), Rajasthan Rajya Vidyut Prasaran Nigam Ltd., the renewable energy nodal agency in Rajasthan. The developers have signed a PPA with NVVN (NTPC Vidyut Vyapar Nigam), a subsidiary of NTPC (National Thermal Power Corporation).

 

For the three projects, Mahindra EPC’s turnkey scope of work included the complete Design, Engineering, Procurement and Construction of the solar power plants, including construction of a double circuit transmission line to export the generated power to a nearby grid substation.

 

 

About Mahindra EPC

 

 

As one of the largest Solar EPC players in the country this year, Mahindra EPC Services Pvt. Ltd. is committed to providing world class EPC solutions to its customers. Mahindra EPC Services Pvt. Ltd. is a portfolio company under Mahindra Cleantech, Mahindra Partners. Mahindra EPC has established itself as a dominant player in both Grid Connected and Off-Grid EPC services, and is currently executing 60 MW of solar power plants across the country.

About Mahindra Group

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

 

A USD 15.9 billion multinational group based in Mumbai, India, Mahindra employs more than 155,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services,industrial equipment, logistics, real estate, retail, steel and two wheeler industries.

 

In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world.

 

 

Visit us at  www.mahindra.com

 

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For further enquiries

Roma Balwani                                         

Chief Group Communications Officer

Mahindra & Mahindra Ltd.                                           

Phone: +91 22 2490 1441                                             

Email: balwani.roma@mahindra.com

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