Visual Percept Solar Projects (VPSPPL), a subsidiary of Talma Chemical Industries, today said it has commissioned a 25MW solar photovolatic (PV) project in Gujarat. Talma Chemical Industries, promoted by the Bhanshali family, has launched a special purpose vehicle (SPV) Visual Percept Solar Projects, to develop projects based on photovoltaic technology.
The SPV is being headed by investment banker Vallabh Bhanshali’s nephew, Akash Bhanshali. VPSPPL, has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for a period of 25 years, the company said in a statement issued here.
“The company has procured solar modules from China-based Hanwha Solar One and China Sun Energy while inverters have been sourced from Italy-based Power One,” the statement said, adding that the EPC services would be provided by Sterling & Wilson, a Shapoorji Pallonji Group company. “With our strong operating team and support from technology partners and contractors, we were able to set up the project in record time, which will become the benchmark for the industry,” the company’s director Vishal Kedia said. India’s aim to scale up its solar power generation capacity to 20,000 MW by 2020 from around 250 MW now.