- Madhya Pradesh CM recognises it as a watershed project in India’s Clean Energy sector
- Landmark project functional ahead of schedule
- 6,24,000 homes to gain power; 2,16,372 tonnes of carbon emissions will be mitigated
Neemuch, February 26, 2014 Welspun Energy Ltd (WEL), one of India’s leading power generating companies, formally inaugurated its 151 (DC) MW solar project – commissioning it 8 months ahead of schedule, located in Neemuch district of Madhya Pradesh. Being the one of the largest solar projects in the world and given the project’s contribution towards the nation’s energy security, Chief Minister of Gujarat, Shri Narendra Modi inaugurated the project along with Hon. Chief Minister of Madhya Pradesh, Shri Shivraj Singh Chouhan.
WEL, through its subsidiary, Welspun Solar Madhya Pradesh Private Limited (WSMPPL) had won the project against 12 qualified bidders. It is also the largest solar power project awarded to any industry player in India and will enable powering of 6,24,000 homes in Madhya Pradesh. It will help mitigate 2,16,372 tonnes of carbon emission annually.
Gujarat Chief Minister, Shri Narendra Modi said, “Our nation has set ambitious goals to achieve energy security through renewable sources. Projects like these are a perfect example of what should be done to achieve these goals. Using clean energy in the present will help secure a greener world for the future generations – and this is a priority for us. With the ever increasing power crisis and rising prices of coal and gas, we must tie together the power of wind and sun to produce electricity for the commercial and household use. Creating clean energy infrastructure will, in turn, help create employment opportunities for people, healthy competition in the market and the community at large will benefit in several ways.”
Shri Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh, said, “Climate change is generally accepted as being the greatest environmental challenge facing our world today. Together with the need to ensure long-term security of energy supply, it imposes an obligation on all of us to consider ways of reducing our carbon footprint and sourcing more of our energy from renewable resources. The government has responded by setting legally binding targets to reduce carbon dioxide emissions by 2020 and such projects will help achieve those targets. This is a milestone project in MP that sets the standard for other industry players to develop such large scale projects across the nation.”
This project is a role model for solar projects in India. It is part of government’s continued efforts to increase clean energy adoption. Further, few UMPPs are also in pipeline across various parts of the country to bring sustainable energy to the forefront. In line with the government solar initiatives, Welspun Energy aims to develop 1750 GW of solar and wind power projects by 2017.
Mr. Vineet Mittal, Managing Director Welspun Energy Ltd. said, “We are grateful that Narendra Modiji, Shivraj Singh Chouhanji and all our esteemed dignitaries took time out of their busy schedule to visit our plant today. Modiji had also presented the ‘Solar Power Project Developer 2012’ award in Gujarat to Welspun Energy. We are committed to supplying clean energy to power India’s growth and are continuously vying for large projects like this one. This 151 (DC) MW solar project is an achievement for us and places our nation on the world map of leading renewable energy producers. Our engineering expertise has enabled us to complete the project ahead of schedule. This project will help India meet its clean and green power requirements substantially.”
WEL has successfully developed its projects well before their scheduled deadline and at a lower cost ratio as compared to other players in this sector. Welspun Energy has so far built a pipeline of more than 600 MW clean energy, of this 217 MW clean energy projects are operational.
About Welspun Energy Ltd: (www.welspunenergy.com)
Welspun Energy Ltd (WEL) is a leading independent developer of renewable energy projects with a vision of commissioning 1.75 GW of solar & wind projects. The clean energy generator has time & again demonstrated its ability to design, engineer and build renewable projects with high performance outputs and low cost – delivery period. WEL is a part of Welspun Group, a US $ 3.5 billion enterprise, spearheaded by Mr Balkrishan Goenka, Group Chairman and Managing Director. WEL draws on the know-how of its specialized team of scientists and engineers to design projects by employing cutting edge technologies. It also holds the distinction of winning one of the world’s largest solar project of 151 (DC) MW. Through its strong commitment to triple bottom line, WEL is working for underserved communities in area of education, empowerment & healthcare. It is presently mitigating over 3,32,358 tonnes of CO2 emissions annually.
The information in this release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this press release shall constitute an invitation to invest in Welspun Energy Ltd. or any of its affiliates. Neither Welspun Energy Ltd., nor their or their affiliates’ officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this press release, including, without limitation, any loss of profit, indirect, incidental or consequential loss.