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| Exchange Disseminated Time | R P P Infra Projects Ltd has informed BSE regarding a Press Release dated December 30, 2010 titled "R.P.P. Infra Projects Limited plans to enter into Solar Power Project"
Press Release:
"R.P.P. Infra Projects Ltd, primarily engaged in the business of infrastructure development such as highways, roads and bridges plans to enter into Solar Power project. The Company plans to set - up a plant of 5 MW to generate electricity from non-conventional sources as solar power with the total investment of Rs. 80 crores. The Company plans to commence the operation in the financial year of March 2011 - 2012.
The project will utilize crystalline technology for producing power by solar energy. This project foresees generation of safe, reliable electricity in an environmental friendly way. The company has selected the site at Kaniudhi, Ramanathapuram District of Tamil Nadu, aggregated 92 acres of land in Tamil Nadu to set- up their ambitious project of the non- conventional energy as solar power plant. This site is considered to be one of the most potential areas identified for the solar energy, in South India. As per the geographical location of this site, latitude: 9° 25’ 17” N, longitude: 78° 21’ 45” E the annual solar radiation in the site is 5.6 Kwh/Sq.m.
For the solar power project, the Company plans to enter through Joint Ventures with potential solar cell manufacturing companies in Thailand and China. The Company is in advance talks with Thai Agency Engineering Cooperation Limited from Thailand. The Company is also looking for the prospective partners from the company in China to commence their operation for Solar Power Projects.
The investment for the solar power project would be based on the agreement between the Company and its Joint Venture partner. Funding for the project shall be finalised once the iv is crystallised.
Commenting on this project, Mr. Arul Sundaram, Chairman and Managing Director of RPP Infra Projects Ltd said that “Solar power is one of the major non conventional energy resources available in plenty in this sub continent. Government of India has formed Jawarharlal Nehru National Solar Mission (JNNSM) and fixed the targets for the year ending 2012, 2015 & 2020 totaling to 20000 MWs. This clearly depicts the focus on the sector and to meet up the rising demand for the energy.
He further added that “we are looking for the prospective partners in China location for our ambitious project. We be finalizing the potential partner in coming months”
Apart from this project, the Company also plans to set - up a manufacture unit for Solar PV module in coming years as the demand for the PV module is growing at a very fast pace." |
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