Our Bureau, Hyderabad, Aug. 1
Eenadu, the largest-selling Telugu daily, and other publications of the Ramoji Group will be powered by a 6.5 MW solar photovoltaic (PV) system to be set up by Photon Energy System Ltd. REC, a global provider of solar electricity solutions, will supply 25,720 solar panels aggregating to 6.5 MW
to power a ground-mounted tracker system in Andhra Pradesh. The plant will be completed by September 2013.
"Solar-generated power for captive consumption not only guards businesses against increasing electricity prices, it also provides a good investment opportunity," Shailendra Mohan Bebortha, Managing Diresctor - India, REC, said in a statement.
"We see self-consumption as a key business model for solar in India because it does not depend on incentive schemes, has no restrictions on system sizes, has low level of bureaucracy and makes industrial customers independent from fluctuations in energy prices," he further stated.
"As a daily newspaper, we are dependent on a stable and reliable grid. To be more independent, we decided to invest in solar energy or, more specifically, in captive solar consumption," said G. Rajendra Babu, General Manager, Eenadu.
"With increasing electricity costs on the one hand and intermittent energy supply on the other, we can save a lot of money by using the energy produced by the solar installation itself and at the same time fulfil our corporate environmental policy," he said.
Babu further told Business Line: "The group will invest about Rs 50 crore in the project. This will benefit various printing units in the State."
"This is amongst the largest tracking plants to be set up and returns high plant load factor. Trackers enable modules to track the sun from east to west," Photon CEO Gautham Nalamada explained.
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