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.

 

Tags

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

Related News

  • Sterling and Wilson commissions 30 MW solar PV plant for SunEdison in MP  Read more
  • Goyal to chair state power ministers conference  Read more
  • Stressed Tata and Essar Power plants in Gujarat fit for takeover: NTPC  Read more
  • Petroleum and Natural Gas Regulatory Board becomes dysfunctional due to lack of replacements for retiring members  Read more
  • Hero, ReNew big winners in Karnataka solar power tender  Read more
  • Government invites applications for Power Finance Corporation top post  Read more
  • Logjam over fuel supply broken, say power, coal ministers  Read more
  • EESL to take energy-efficiency fan scheme to five more states  Read more
  • Power distribution reforms: All is not well for states tariff revision  Read more
  • Patnaites pledge for solar roof top programme.  Read more