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Hindustan Shipyard to double solar power generation

Friday, 16 Aug 2019
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Hindustan Shipyard (HSL) is planning to double its solar power capacity. HSL has entered into a buyback arrangement for 25 years with CleanMax Solar.

The company will bear the expenditure incurred on the project and the only commitment for HSL is to provide its vacant roofs, offer administrative support and buy the power generated for its consumption at a fixed rate of Rs 3.9 per unit. HSL had already launched work on increasing the capacity by one MW.

After its completion in the next few months, the work on the next phase will be taken up. CleanMax Solar will design, supply, erect, test and commission with warranty, operate and maintain without any operation and capital expenditure from the yard.

HSL has a power requirement of five MW. The yard also consulted Solar Energy Corporation of India (SECI) on foraying into green energy production. For generating two MW, HSL has given seven buildings on whose rooftops solar panels can be installed.

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