In the backdrop of the proposed green capital city near Vijayawada besides smart and mega cities, the energy sector seems to have gained prominence among global as well as domestic corporates. Besides firms from Singapore, many corporates from Andhra Pradesh and Telangana are chalking out plans to make their moves.
The Singapore-based Cutech Quality Solutions, which is also the nodal agency for building and construction firms of the country, has made a presentation to the city-based builders on the 100 per cent energy positive buildings which generate power through solar and other technologies on their own.
“The latest in the segment is that we can use thin films and paint solar panels on building walls which produce power and save space and cost,” said a team member of the group.
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Hyderabad-based SmartTrack Systems is mulling setting up offices in Vijayawada and Tirupati to expand business.
The company finds good opportunity in the State government’s proposed 5,000 megawatt solar plants and energy positive buildings.
“It is a multi-crore opportunity. We are keen on the energy sector. Our tracking systems will fetch over 25 per cent energy out of solar panels and we are already exploring opportunities with the government as well as private players in the region,” said Bhagawan Reddy, CEO, SmartTrack. The company has executed over 100 MW worth solar projects in the State.
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Meanwhile, there was a pilot project on production of gas from sewerage treatment plant initiated by a Vijayawada-based Abride Realtors. The realty firm is expanding into energy sector and is said to be in the final stages of a tie up with a European firm in the energy sector.
“We want to be the first movers in this novel European technology which is tested in Ireland and Ethiopia. We are planning to invest Rs. 20 crore to start with and will expand in a big way once we tie up with external players,” said Vijay Kumar Kondaveeti, CEO and MD of the company.