Companies

Hyderabad firm offers solar plants at Rs 6 cr a MW

M. Ramesh Chennai | Updated on February 01, 2013 Published on February 01, 2013

BL02SOLAR-PG2   -  The Hindu





At a time when solar power plants cost Rs 8-9 crore a megawatt, a Hyderabad-based solar module manufacturer has come forward to offer to supply solar equipment at Rs 6 crore a MW.

“We can compete against anybody, including the Chinese,” says Narender Surana, Managing Director of Surana Ventures.

“If the land is yours,” he said, “whatever is to be put into it will be supplied by us at Rs 6 crore per MW.”

For sites up to about 600 km from Hyderabad, Surana Ventures will not even bill the customer for transportation, he said.

Surana said the company bought a line from the German company, Schott Solar, which closed down its operations in the wake of the global slowdown in the solar industry.

Today, Surana Ventures has a capacity of 140 MW — half of which came from Schott Solar.

He said that while the company had not yet picked up any order from large, MW-scale plant, “we are shipping about 300 modules each day.”

Solar projects

Now waiting for orders, Surana Ventures is putting up its own solar plants, at Sadashivpet and Narsingi, both near Hyderabad, — 5 MW each.

The company will keep ramping up capacity and expects to reach 125 MW in two years. Surana said the company is open to selling solar power at Rs 7.50 per kWhr.

>ramesh.m@thehindu.co.in

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Published on February 01, 2013
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