Commissioning of 1,300 KW DC solar power plant at Satnoor unit with capex of Rs.642.00 Lacs
1,300 KW DC solar power plant commissioned at the Satnoor (Madhya Pradesh) unit; capex Rs.642.00 Lacs.
- Solar Plant Capacity
- 1,300 KW DC
- Capex for Plant
- Rs.642.00 Lacs
- EPC Contract Awarded To
- Greenergy Solar Systems, an authorised channel partner of Tata Power Solar Systems Ltd.
The company has informed the stock exchanges that it has commissioned a ground-mounted solar power plant at its manufacturing unit at Satnoor, Madhya Pradesh.
What has been commissioned
- A ground-mounted solar power plant of 1,300 KW DC capacity at the Satnoor unit.
- The capex stated for this plant is Rs.642.00 Lacs.
- The update says the plant has been commissioned, which means it has been put into operation.
Who executed the work
- The contract for Design, Engineering, Supply, Installation and Commissioning of the plant was awarded to Greenergy Solar Systems.
- Greenergy Solar Systems is described as an authorised channel partner of Tata Power Solar Systems Limited.
What the company says the objective is
- To increase the company's utilisation of renewable energy for its operations.
- To reduce its dependence on conventional sources of energy.
- The company places the installation in line with its continued focus on renewable energy, energy efficiency and sustainable business practices.
How to read this as an investor
This is an operations update: a power plant has moved from being built to being in use. The Rs.642.00 Lacs is capital expenditure, so it is money put into an asset rather than a running expense of the period. The plant sits at the company's own manufacturing unit and is meant to feed that unit with solar power, with the stated aim of leaning more on renewable energy and less on conventional energy at that site. What a reader may see as the benefit is a captive source of power at the plant, alongside cleaner operations. The trade-off is the upfront capex, which the update states. How much this changes the company's power cost and results would be visible over time in its energy costs and financials.
Points to keep in view
- The capacity is stated as 1,300 KW DC, a direct-current measure of the plant's capacity.
- The capex is stated as Rs.642.00 Lacs for this plant.
- The plant is ground-mounted and located at the Satnoor manufacturing unit in Madhya Pradesh.
- This is an intimation to the exchanges, and the company has asked for it to be taken on record.
More numbers
- Solar plant capacity1,300 KW DC
- Capex for the solar power plantRs.642.00 Lacs
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