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Surana Ventures commissions module unit near Hyderabad

According to reports, Surana Ventures Ltd has announced the completion of its module manufacturing unit in the Fab City, 40 km from here, close to the new international airport and also the commissioning of a 5 MW solar photovoltaic unit in Gujarat.

The Hyderabad-based company, part of the Surana Group, has completed the solar photovoltaic power project at Patan district in Gujarat and is seeking nod for setting up another 5 MW solar PV plant at the same location.

The company was allotted the 5 MW plant under the State solar power policy in 2009 by the Gujarat Energy Development Agency. The company later entered into a power purchase agreement with the Gujarat Urja Vikas Nigam.

Located in Gujarat Solar Park, the project has been completed with an outlay of Rs 56 crore. AEG of Germany was associated with the project. It has a power tariff of Rs 15/unit. During full year of operation, it would generate about 80 lakh units. This works out to about Rs 12 crore per annum, Mr Narender Surana, Managing Director of Surana Ventures, told Business Line.

Referring to the module unit, he said it has a capacity to manufacture 10 MW per annum. “After meeting internal requirement, we will sell the balance to others in the domestic market. If we get nod for another 5 MW in Gujarat, we would be able to implement the project within three to four months,” he said.

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