KPI Receives 12.5 MW CCP Solar Project From Anupam Rasayan

Indian solar power generating company, KPI Global Infrastructure Limited has announced that it has received a 12.5 megawatt (MW) solar power project from Anupam Rasayan India Limited under the Captive Power Project (CPP) category.

Advertisment

Aiming towards commissioning 1000 MW of solar capacity by 2025, adding a bit to its target, KPI a KP Group division has revealed in a regulatory filing with the BSE that it has received the Letter of Intent for the 12.50 MW project. In addition to this, the Gujrat based solar firm has begun work on its INR 43 Crore solar project at Ochhan village in Gujarat's Bharuch district, where it has a large solar power park.

Speaking of bagging the project, CMD of KPI, Faruk Patel stated, "The 12.50 MW solar power project order from Anupam Rasayan is a feather in our cap, and validates the faith of clients in our execution capabilities and expertise. We look forward to executing the project well before the stipulated time."

Explaining the benefits of spending on solar energy in the country, Mr. KP told, "Solar power costs have fallen sharply in the last few years. Solar power projects for captive use, in particular, can help in significantly reducing the power costs for industries. Moreover, industries can also claim 40 percent depreciation benefits for income tax purposes."

Advertisment

On the other hand, Anupam Rasayan India Limited is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India.

Interestingly it came out with its initial public offering in March, and it is investing INR 43 Crore in the 12.50 MW solar power project in a calculated move to cut down its dependence on non-renewable energy sources, deliberating power costs, and reduce its carbon footprint.

Anupam Rasayan recently announced this development and professed that this project will also help the company cut emissions by as much as 35,000 tonnes of carbon dioxide equivalent and help to save around Rs.10 Crores annually over its project life of 25 years.