Finance, Other, solar, Solar-Offgrid

Vikram Solar to setup a 10 MW solar power plant in Tamil Nadu

According to reports, Kolkata-based solar company Vikram Solar is planning to put up a 10 MW power plant at Tamil Nadu under the second phase of the state’s solar policy.

The company, which manufactures solar modules and does EPC (engineering, procurement and construction) projects, is keen on getting into project development as well, the managing director of the company, Gyanesh Chaudhary, said.

The company has already commissioned EPC projects of about 45 MW in Rajasthan and Gujarat, and is close to commissioning another 10 MW project in Rajasthan, and about 2MW of rooftop systems, Chaudhary said. In Tamil Nadu, the company is working on EPC projects of about 60 MW. Vikram Solar offers EPC projects at Rs 7 crore per MW, promising efficiencies of 16% on their modules.The company currently has a module manufacturing unit with annual production capacity of 100 MW at Falta, West Bengal, and the company plans to expand its capacity by 250 MW in phases. “We will initially put up 100 MW and then expand the capacity by another 150 MW,” Chaudhary said. The company is yet to decide whether to put up the new manufacturing unit near Pune or expand their existing plant at West Bengal, he said.

Vikram Solar currently imports solar cells that are required to make the modules, but intends to go down the value chain and also manufacture cells soon, Chaudhary said.



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