Solarpack to Develop 100 MW PV in India
Solarpack has been selected to build six photovoltaic solar plants with a total power of 100MW DC in the Indian state of Telangana. Solarpack is in a partnership with Think Energy Partners. TSSPDCL will acquire all the generated electricity through a long term power purchase agreement (PPA) for a period of 25 years. These plants are expected to generate around 160GWh annually; thus catering to the huge energy requirements of the country.
To achieve the total power awarded, the Consortium will build six plants for a total of 100MW DC, that will be located in the districts of Mahbubnagar, Medak and Nizamabad in the Indian State of Telangana. The construction will begin during the first half of 2016 and the plants are expected to be in operation at the end of January, 2017.
This contract entails, according to Pablo Burgos, CEO of Solarpack, "the entry into a market as important as India´s and demonstrates our experience and growing international presence that permits us to be competitive in the most relevant markets. In addition, we count on the support of Think Energy Partners that is already widely established in the country, to respond to any challenges that may be encountered". Mr. Burgos also guarantees that "the drive of Solarpack is to bet for company growth and the development of solar energy projects in regions with high development potential".
Mr. Ravishankar Tumuluri, Managing Partner of Think Energy Partners, said that "This is just the beginning and we will continue to work toward bringing more and more experience and solar business into India; thereby catering to India's increasing energy demand. Our vision is to become one of the leading solar power developers in India over the next 3-5 years. We will leverage our global presence and local expertise to provide a reliable platform for our partners".
