KPI Global bags 7.5 MW captive solar power project order from Anupam Rasayan India
This 7.5 MW is a repeat order of captive solar power project for KPI after having commissioned 12.5 MW for the chemical manufacturer
A 7.5 MW captive solar power project has been awarded to KPI Global Infrastructure Limited (KPIGIL) by Surat-based Anupam Rasayan India Limited. After commissioning a 12.5 MW system for the chemicals manufacturer, KPIGIL won this repeat order.
An announcement made by the KPI Global Infrastructure stated that it had secured a repeat order for executing a captive solar power project with a capacity of 7.5 MW DC from Surat-based Anupam Rasayan India Limited, which specializes in custom synthesis and manufacturing of specialty chemicals.
The 7.5 MW of current project order will be carried out by KPI Global under its captive power producer (CPP) segment. The project will add 20 MW DC to the company’s total capacity for Anupam Rasayan India. During the month of September 2021, KPI Global commissioned the first DC order of 12.50 MW for Anupam Rasayan.
According to Faruk Patel, Chairman and Managing Director, KPI Global Infrastructure, for micro, small, and medium-sized enterprises (MSMEs), captive solar power plants are a lucrative proposition. In the micro, small and medium business (MSME) segment, most units have poor infrastructures and small roofs, meaning they can meet only 5-10% of their energy needs from solar installations, whereas energy accounts for 25-40% of their total manufacturing costs (excluding raw material costs).
Some MSMEs involved in the foundry, forging and dyeing business have energy costs as high as 50 percent. Through captive solar plants, MSMEs can contribute to the fight against global warming, as well as generate additional cash for their business, he added.
KPIGIL is a solar vertical of Gujarat-based KP Group and is engaged in development of solar power as an IPP as well as service provider to captive solar producers under the brand name “Solarism”. The company has successfully commissioned a cumulative capacity of 92MW so far, and has an ambitious target of reaching 1GW by 2025 – according to the company’s website.
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