RattanIndia Apna Solar inks pact with Power Distribution Co

RattanIndia Apna Solar signed a power purchase agreement (PPA) and project implementation agreement (PIA) with Madhya Pradesh Central Region Power Distribution Company ltd in Bhopal to develop five MW grid connected rooftop solar power project in the State.RattanIndia Apna Solar won the order through competitive bidding. This is one of the first rooftop solar projects tendered in the country and more such projects are likely to come up very soon. This rooftop solar power project will be executed on about 75 public buildings in cities of Bhopal, Indore and Jabalpur in Madhya Pradesh.

The target for completing the project has been fixed as December, 2015.Similarly, an MoU was also signed between MP Power Management Company and Developer Company (RattanIndia Energy Resources ltd, New Delhi) for the purchase of the generated electricity. RD Saxena, on behalf of power management company, Vijay Sheersagar on behalf of Central Region Power Distribution Company ltd and Assistant Vice-president of the RattanIndia Energy Resources ltd Ajeet Kumar Panda signed the agreement.

Chairman of RattanIndia Group Rajiv Rattan in a statement said, “It gives us immense pleasure to partner with the Madhya Pradesh government in its initiative to provide clean and affordable energy to the people. Such initiatives would go a long way to augment the government’s target of installing 100 GW of solar power capacity by 2020. Our Company is fully geared up to contribute to the fast growing solar power sector in the country.”