Power News We love to talk!

APR 06 2016

Span Pumps forays into rooftop solar power generation

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 06th APR 2016

Span Pumps Pvt Ltd, a manufacturer of manual and solar operated water pumps, has made a foray into the rooftop solar power generation segment.

 The new venture will function under a separate entity called ‘Kalpa Power’, Rounak Muthiyan, Director, Span Pumps, said.

 “We have been in the business of solar pumps for a while and getting into this new segment is a natural diversification. To date we have supplied more than 6,000 solar pumps, which is equivalent to about 5 MW of solar energy. This has helped us to acquire the necessary domain knowledge and thus have a complete ecosystem to run this business,” Muthiyan said.

 The regions targeted for the new business are Maharashtra and NCR as these have a good potential for rooftop solar power generation for commercial and industrial use as the power cost is high and the supply is inconsistent, he added.

 Kalpa Power will provide complete design optimisation and implementation support for the ground mounted and rooftop solar power generation.

 “We also have a tie-up with a large pool of investors, who have an appetite for about 150 MW of solar power generation plants, translating into a value of about Rs. 900 crore.

 The parent company has made an initial investment of about Rs. 6.5 crore in Kalpa Power which currently has a confirmed order book of over 1MW capacity and is targeting 8 MW in fiscal 17.

 The turnover of Span during FY 2016 stood at Rs. 75 crore, including Rs. 10 crore from exports.



Maharashtra Solar Energy Power Generation Energy United States Power solar power Solar

Related News

  • Another polluting unit shut down in TTC area  Read more
  • JSPL scouts for partners for CBM foray  Read more
  • MERC dismisses review petition filed by WPCL against procurement of power by RInfra from VIPL  Read more
  • Wind developers at risk as India copes with dual payment system  Read more
  • Power ministry drops tariff policy adherence after ERCs' cavil  Read more
  • Gas-based power plants may have to rely on imported fuel  Read more
  • JSW Energy net at R311 cr on higher output, lower fuel costs  Read more
  • Govt plans $400 million fund for renewable energy firms  Read more
  • Govt said to hire banks for $3.2 billion sale in Coal India  Read more
  • Power demand down due to reduced paddy cultivation  Read more