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Enrich Energy to Set up 60MW Solar Power Project in Telangana

August 28, 2014 - Pune, Maharashtra, India

Enrich Energy Private Limited, Pune based Renewable Energy Company, has got the approval for setting up 60 MW Solar Power Project under ‘Solar Park Concept’ in the newly formed state of Telangana. This would be the first renewable energy initiative by the newly formed state. The ‘Solar Park’ will be set up under Open Offer to supply power to meet the states renewable power obligations. APTRANSCO (Transmission Corporation of Andhra Pradesh Ltd.) has issued a `Letter of Intent’ for setting up a 60 MW capacity Solar Park to Enrich Energy under the power purchase agreement at preferential tariff of Rs 6.49 per kWh as per the Open Offer.
Mr. Kanchal, Director, Enrich Energy Said, “With growing urbanization there is an ever increasing need for energy, India can meet her energy requirements through the effective use of clean energy, particularly Solar since most parts of India has between 300 to 330 sunny days in a year (equivalent to over 5,000 trillion kWh per year of energy), which can be harnessed. We at Enrich Energy are committed towards developing the renewable energy sector in India and are happy to partner with the government of Telangana in their clean energy initiative. We are dedicated to providing world class solar energy solutions from concept to commissioning and further hand hold in operations and maintenance during the lifecycle of the project.”
Enrich Energy has developed and commissioned the first turnkey private Solar Park of India in Maharashtra at a single location with an installed capacity of 40 MW. The company has two ongoing projects of 25 MW and 50 MW in Maharashtra and Gujarat. Upon completion of the project, Enrich Energy would be India’s number one private solar energy company with an installed capacity of 175 MW. The company also provides innovative solutions for small retail investors for setting up private projects with the smallest 1 MW capacity.
The company also recently won the prestigious “Bharat Udyog Samman Puraskar” and Asia Pacific Achievers Award” from Global Achievers Foundation (GAF) at a function held last month in New Delhi for outstanding contribution to the nation in the space of renewable energy. 
Presently power consumers across Andhra Pradesh and Telangana are battling long power cuts in the rural and urban areas alike. Andhra Pradesh is looking to add 1000 MW of solar power to meet its energy obligation.
The union government under the Jawaharlal Nehru National Solar Mission is targeting to achieve 20,000 MW by 2022. The government has also allotted Rs.500cr towards setting up solar ultra mega power projects. Currently 12% of energy is generated from renewable energy projects in the country.
About Enrich Energy
Enrich Energy Pvt. Ltd., headquartered at Pune, is an integrated solar energy solutions provider. Enrich Energy focuses on providing turnkey solar energy solutions from concept to commissioning of solar power projects and further operating and maintaining them throughout the life time of the project. Enrich Energy offers efficient and cost effective solar energy solutions starting from solar radiation mapping, land acquisition, infrastructure development, power evacuation, effective supply chain management, project EPC to completing the chain with operations & maintenance services and assistance in sale of power. Enrich Energy, through its subsidiary companies also provides support and consultation for Renewable Energy Certificates, Electricity portfolio management and Open Access electricity consumers' management.

Source: Business Wire India


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