Amplus Solar to Capitalize Rs 750 Cr on Govt. Projects worth 150 MW in Haryana

Amplus Solar has announced that it is contemplating to capitalize Rs 750 crore of capital on two open access solar projects aggregating 150 MW of capacity in Haryana. The investment is the part of its Rs 1,000 crore investment plan.

Petronas Holdings arm has received approval from the state government to supply solar energy under open access route to industries under these projects.

Futehrmore, Asia’s one of the leading distributed solar power company will set up these projects under group captive model in Sirsa and Bhiwani districts of Haryana.

Additionally, the company said that it has already acquired 575 acres of land in these districts under a long-term lease.

It further added that, the construction of the plant is expected to kick off soon and likely to be operational by this year.

In 2016, the company had entered into a Memorandum of Understanding (MoU) with the Department of Renewable Energy, Govt for Haryana to invest Rs 1,000 crore in solar sector.

The move was in line with the Haryana Solar Policy that has a target of 3200 MW solar projects.

Commenting on the significant development, Amplus Solar, CEO & MD, Sanjeev Aggarwal said, “Haryana is in the forefront of development with inclusion of clean energy to power the growth. The state hosts large number of multi-national commercial and industrial conglomerates. These companies are very enthused with this support from the state government for adoption of green energy.”

“These projects also provide steady flow of income to the local populations during construction and operation of the plant. We essentially are creating a clean technology based ecosystem to support the local population for a better livelihood for current as well as future generation,” Aggarwal added

The company had commissioned country’s largest single location open access solar farm of 175 MWp at Gadag, Karnataka that supplies solar power to more than 30 industrial and commercial customers.