The power systems EPC portfolio of Hartek Power Pvt Ltd, one of India’s fastest growing Engineering, Procurement and Construction (EPC) companies, has surpassed 1 GW in solar power projects with the commissioning of 545-MW projects spread across six states.
Cashing in on India’s solar overdrive to match its growth with that of the industry, Hartek Power has registered a phenomenal growth of 91.1 per cent in its power systems EPC business catering to solar plants in a span of just 10 months. From just 598 MW, as on March 31, 2017, the solar power system EPC projects executed by Hartek Power have now gone up to 1,143 MW, registering nearly a twofold growth.
Involving 15 substations of up to 220 KV, the 545-MW projects executed by Hartek Power in the current financial year include a 100-MW project in Nagarkurnool district of Telangana, a 50-MW project in Ashoknagar district of Madhya Pradesh, a 25-MW project in Sangrur district of Punjab, six projects totalling 180 MW in Bellary, Tumkur and Davanagere districts of Karnataka, two projects of 140 MW in Badhla district of Rajasthan and four projects of 50 MW in Banda, Hamirpur, Kushinagar and Hardoi districts of Uttar Pradesh.
With other 285-MW projects under execution, Hartek Power is expected to reach the 1.5-GW mark by the end of the current financial year.
The scope of work of these projects included complete turnkey solutions of post-inverter works covering the design, engineering, supply, installation, automation and commissioning of the power plant electrification.
Hailing the achievement, Hartek Group Chairman and Managing Director (CMD) Hartek Singh said, “The power systems business unit of the Hartek Group has done incredibly well. We owe our success to our unflinching commitment to quality and timely execution of projects. We have won the trust of key developers by creating immense value for them in terms of unmatched expertise and services. These are the factors that have enabled us to emerge as one of the fastest growing EPC companies in the Indian solar space.”
As a backward integration strategy, the Hartek Group also has its own manufacturing division, which makes power distribution products catering to its own projects and to the requirements of industries, utilities and independent power producers, like medium-voltage switchboard panels, control relay panels and low-voltage panels. The economies of scale of this manufacturing business have been immense for Hartek Power and its EPC portfolio with appreciable improvement in supply chain and considerable reduction in costs.
India’s installed solar generation capacity has gone up by more than 30 times from 0.5 GW to 17 GW in less than seven years, offering huge opportunities for growth to firms like Hartek Power.
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