Tembo Global Industries Secures ?5.95 Billion Contract for Solar Power Stations
Tembo Global Industries Ltd., a prominent player in the energy infrastructure sector, has been awarded a major contract worth ?5.95 billion from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contract involves building solar photovoltaic power stations in Maharashtra with a total capacity of 124 MW AC.
Promoting Solar Energy Adoption in Maharashtra
This significant project falls under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, which is part of the Prime Minister’s Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme. The initiative aims to solarize agricultural feeders across the state of Maharashtra, contributing to the country’s renewable energy goals.
Future Prospects and Business Expansion
Tembo Global Industries’ Managing Director, Sanjay Patel, expressed his excitement over the contract and emphasized the company’s focus on expanding into the solar Mechanical, Electrical, and Plumbing (MEP) segment. In line with the Indian government’s ambitious target of achieving 300 GW of solar energy capacity by 2030, Tembo Global seeks to contribute significantly to the renewable energy market.
With a well-established presence in sectors such as oil, gas, and construction, Tembo Global Industries is uniquely positioned to leverage its expertise and tap into the immense potential of the renewable energy sector. The company’s expansion into the solar MEP space demonstrates its commitment to innovation and sustainable solutions.
The Growing Renewable Energy Market
The global renewable energy market is on a rapid growth trajectory, with a forecasted value expected to exceed $300 billion by 2025. As demand for clean and sustainable energy sources escalates, governments, businesses, and individuals are increasingly investing in renewable energy projects. With solar power being a major component of this transition, solar photovoltaic installations are predicted to surge in the coming years.
Project Timeline and Completion
Following the successful bidding process, Tembo Global Industries will commence work on the solar photovoltaic power stations in Maharashtra once the contract is officially signed. The project is scheduled for completion within 18 months, indicating the company’s commitment to timely execution and project management capabilities.
In Conclusion
Tembo Global Industries’ recent securing of a ?5.95 billion contract for the construction of solar photovoltaic power stations solidifies its position as a key player in the renewable energy sector. With the contract falling under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 and the PM-KUSUM scheme, the company is actively contributing to the advancement of green energy in Maharashtra.
As Tembo Global Industries expands into the solar MEP market, it aims to capitalize on the immense opportunities presented by India’s renewable energy targets. With a diverse portfolio and a strong track record in the industry, the company is well-equipped to actively participate in India’s journey towards a greener future.
