It seems like the announcements from companies in planned capacities and targets seems to keep coming unabated.
Last week, L&T partners with Sharp to provide turnkey Solar EPC-targets 100MW in 12 months and turnover of Rs 13 billion and The meeco Group, entered into a joint venture between PV Energy Private Limited (Indian subsidiary of PV Energy Limited, UK) and Soma Enterprise Limited, a leading infrastructure company in India. The joint venture will provide turnkey EPC and Operations and Management services and talked about 50 MWp solar parks in the next three years in India.
BHEL is the largest engineering enterprise of its kind in India and one of the foremost companies in the international power arena. While its core competence is in the power sector, it also caters to other core sectors like; Industry, Transportation, Transmission, Oil & Gas, Defence and Renewable Energy. Its diverse manufacturing base supported by contemporary and unique manufacturing facilities gives it a competitive edge. With a product portfolio of over 180 products, BHEL has its foot print in over 70 countries.
Panchabuta was one of the first to mention late January that BHEL had finalized an agreement with Abengoa Solar to develop CSP projects in India. Later this was confirmed in February by BHEL that they had joined hands with Abengoa, Spain, the European leader in solar and other energy-related projects, to develop state-of-the-art Concentrated Solar Power projects in India.
Panchabuta had also reported of BHEL enter into JV with Bharat Electronics Ltd(BEL), Bangalore, to install a manufacturing facility in the capacity of 250mw for production of solar pv.
As a logical next step, BHEL has announced that the Ramachandrapuram unit has created a separate division — Project Engineering and Systems Development —this financial year to exclusively cater to the growing demand for EPC contracts. The new division is aiming at a turnover of Rs 856 crore for the first year and expects a 25 per cent growth year-on-year. It would provide comprehensive business solutions on EPC and turnkey basis in power-cum-steam cogeneration stations, solar power and other non-conventional energy sources besides spearheading diversification into other areas, RK Wanchoo, executive director of division, said.