BWI: Chemtrols Solar Wins InterSolar Award 2013

Press release from Business Wire India
Source: Chemtrols Solar Pvt Ltd
Monday, December 16, 2013 03:59 PM IST (10:29 AM GMT)
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Chemtrols Solar Wins InterSolar Award 2013


Mumbai, Maharashtra, India, Monday, December 16, 2013 -- (Business Wire India) -- India's largest solar company has won the Intersolar Award 2013 for the Best MW Scale Project in India for the 1MW PV-Diesel Hybrid Power Plant installed on the roof of the Spinning Mill of Alpine Knits at Palladum in Tirupur. This Grid-Connected Solar power plant has the distinction of having a unique DG synchronization capability, the first of its kind in India, and only the second in the World.

The 1 MW Solar plant was designed, engineered and constructed on a turnkey basis by Chemtrols Solar Private Limited, headquartered in Mumbai.

The 2013 prizes in the category "Solar Projects in India" were presented in an official ceremony during the recent Intersolar India at Mumbai. Intersolar - a two decade old German Organisation, is the world's leading exhibition & conference series for the global solar industry and its partners, with events spanning four continents - Asia, Europe, North America and South America.

Commenting on this win, Mr. Anish Rajgopal, Director, Chemtrols Solar Pvt Ltd says, "The Alpine Knits project is a very unique and first-of-its-kind project that has resulted in large savings for its owner. Its more than satisfactory performance has already encouraged many more textile units in this area to opt for this solution. I am glad that Chemtrols Solar has been able to initiate a credible energy solution successfully."

Shortage of power has been the major grievance of the Textile Industry in Tamil Nadu. Power accounts for about 30% of the total cost of production in a spinning mill. The textile industry in Tirupur has been crippled by power shortage since many years.

The Rooftop Solar plant synchronizes with the incoming 11KV utility grid and provides energy to the spinning mill for captive consumption during daytime. Importantly, even when the utility grid is not available during frequent power cuts, this solar plant has the capability to synchronize with the in-house 1.25MVA Diesel Generator to provide up to 65% of the energy required by the Alpine Knits factory. Using the unique 'Fuel Saver' developed by SMA Solar Technology AG of Germany.

Alpine Knits not only saves diesel and avails of accelerated depreciation benefits but also earns RECs (Renewable Energy Certificates) that can be traded at the designated Power Exchanges in Delhi or Mumbai within a price band of Rs 9300 to Rs 13400 per REC, the price band mandated by CERC until March 2017. Alpine gets one REC for every 1000 units (KWH) of electricity produced by the Solar Power plant, the sale of which is estimated to result in an additional revenue of about Rs 2 crores per year.

About Chemtrols Solar:

Chemtrols Solar is a part of the 38 year old Chemtrols Group of Mumbai, a diversified group with interests in Process Control Instrumentation & Automation, Manufacturing and Solar Energy. Chemtrols Solar has over the past few years established itself as an innovative reliable & quality EPC services provider for PV power plants, and plans to execute projects to the tune of 50 MW in the year 2013. The company also offers various Off-Grid solutions for Rooftops, Telecom Towers, Off-Shore Platforms, Pipelines (For Cathodic Protection & Telemetry) and Rural Village Electrification.

To view the photographs, please click on the link given below

Anish Rajgopal - Director & Sharad Saxena - CEO of Chemtrols Solar with Intersolar Award 2013 for 1 MW PV-Diesel Hybrid Solar Power plant at Tirupur under utility scale project

Actual size photo of 1 MW PV-Diesel Hybrid Solar Power plant at Tirupur for which Chemtrols Solar won Intersolar Award 2013 under utility scale project
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/2(89).jpg
Anish Rajgopal - Director & Sharad Saxena - CEO of Chemtrols Solar with Intersolar Award 2013 for 1 MW PV-Diesel Hybrid Solar Power plant at Tirupur under utility scale project
http://www.BusinessWireIndia.com/attachments/3(32).jpg
Actual size photo of 1 MW PV-Diesel Hybrid Solar Power plant at Tirupur for which Chemtrols Solar won Intersolar Award 2013 under utility scale project


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