Rolta Power announces venturing into Solar Power sector

CORPORATE

Rolta Power Pvt. Ltd. 

“Let’s Grow Clean and Green”

Rolta Power Pvt. Ltd. is excited to announce their venturing in solar power sector with an installed capacity of 60 MW production line of PV modules. The company aims to manufacture A+ grade of solar photovoltaic panels and to work on a variety of ranges of solar power solutions  like, solar EPC projects, rooftop solar projects (KW), solar water pumps, solar telecom tower and may more as  per the requirement. 

The company offers comprehensive services for implementing enterprise-level  applications, which is not limited to EPC formula only. It aims to go beyond EPC services, such as manufacturing, complete EPC (including basic design), owner operator solutions, operations & maintenance,  backend paper work to claim subsidies, and getting government grants etc. on behalf of the clients. “Starting a new business has always appealed, says Dr. Aditya K Singh, Promoter and Managing Director, Rolta  Power Pvt. Ltd. With the rise in demand for renewable energy, coupled with promising legislation and the  need to enhance energy self-sufficiency, starting a solar energy business was an exciting opportunity for us.”

He further opines, “The nation is still in its infant stage of manufacturing cycle for supply-chain. Hence, with its  proactive legislation, government grants and polices supporting this industry; there is a profitable backward  integration opportunity available to be capitalize upon. Rolta Power Pvt. Ltd. is looking at making this  contribution as per its expansion needs.”

With the increase in demand for solar photovoltaic in Asia-Pacific countries, India will continue to be one of  the top countries to drive the regional demand. Though there is drastic fluctuation in panel prices, Indian  manufacturers will look in advancing technical proficiency and increasing value chain and both forward and backward integration to distinguish their products from other dealers in the market. Further, Dr. Aditya K Singh adds, “The grid parity has been met more or less, as compared to thermal power or any other conventional power source in India. Hence, we do not see another recession in solar power sector,  may be for some time.” 

The incentive schemes by Indian government endure to be heterogeneous, making solar PV penetration rates  contrast extensively based on local and regional policies. In addition, the policy decision made by government  on renewable energy is driving the market. In-addition, the exaltations and amendments of the electricity grid, environmental guidelines in particular, will have a substantial impact on electricity prices for ultimate consumers and will determine the extent of solar power uptake. If you are interested to know more information, then please send an e-mail to Akshata Mhatre, Corporate  Communications, at akshata.mhatre@roltapower.com with your details. Please visit, www.roltapower.comMEDIA RELEASE   R o l t a P o w e r P v t . L t d .

About Rolta Power Pvt. Ltd.

Rolta Group has various businesses, such as IT, Real Estate, Investments, Merchant Banking and now into the  power sector as well. Rolta Power Private Limited is headquartered in Mumbai and is new entrant in the Rolta Group. Rolta Power Private limited was established in January 2010 with a vision to provide value, commitment and world-class service and products in the Solar Photovoltaic (PV) industry to its valuable  customers, partners, shareholders and employees. The company’s leadership team comprises leaders, growth consultants and professionals from diverse  background sharing common perspective ‘Powering India’s Economic Development by Providing Clean and Renewable Energy’. With extensive knowledge and expertise ranging from building solar power plant,  executing complex infrastructure projects and financing high-growth enterprises, the team follows rigorous  methodologies, and global perspective to provide accurate and significant insights and solutions that enables  the clients to select opportunities with the highest probability of success.