Mahindra EPC Services has announced the commissioning of two solar plants in Tamil Nadu, set up through a first-of-its-kind initiative for captive consumption of industrial units. The units, with a total capacity of 3.18 MW for two auto parts companies, have come up in Aruppukottai in southern part of the State.
Projects in Tamil Nadu
The two projects are part of a plan by a group of auto component makers, who have joined together to set up solar units through a consortium approach that promises quicker execution besides a host of other benefits.
Seven auto parts makers, comprising mostly forging companies, have planned to set up about 50 MW of solar power units for captive consumption over the next 2-3 years, and have roped in Mahindra EPC to undertake the same. Now, a 1.12 MW unit for M M Forgings and 1.06 MW unit for Super Auto Forge (SAF) have been commissioned by Mahindra EPC. SAF will be generating 11,000 units a day, while MMF will produce 20,000-22,000 units a day through their commissioned capacity.
The consortium approach has helped the companies negotiate better with the EPC contractor and roped in agencies to acquire land and secure approvals within a short time.
With sharing of infrastructure and other costs, the companies are looking at a project cost of Rs.6-6.50 crore as against the prevailing cost of Rs.8 crore per MW, pointed out S. Seetharaman, Chairman and Managing Director, Super Auto Forge.
Basant K .Jain, Chief Executive Officer of Mahindra EPC said the projects were executed in a record time of about 40 days.
