Engineering, Procurement and Construction (EPC) company Hartek Power today said it has bagged 460-MW solar orders in the first half of the current financial year.
The 460-MW solar EPC orders secured by the firm include 16 substation projects of up to 132 KV spread across six states -- Punjab, Bihar, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra, the company said in a statement.
Hartek Power will provide complete turnkey solutions for these projects and execute post-inverter works covering the design, engineering, supply, installation, automation and commissioning of the power plant electrification, it said.
"Aggressively capitalising on India's solar overdrive, we have prevailed over many big competitors to bag these orders," said Hartek Power CMD Hartek Singh.
"Given the favourable market scenario, the proactive approach of the government is pushing solar power and our expertise in connecting solar projects to the grid, we will exceed the 500-MW target quite smoothly," he added.
He also said Hartek Power is focusing on consolidating its position in South Indian states like Andhra Pradesh, Telangana and Karnataka, which offer immense business opportunities in the form of bigger projects, and traditionally well-performing states like Madhya Pradesh and Rajasthan.
"While tapping business opportunities in the three southern states, where 3-GW tenders are under execution, we are also expanding our operations to new geographies like Jharkhand, which will close the bids for 1.2-GW projects in the current financial year.
At the same time, we will strengthen our hold in states like Punjab where we have traditionally been doing well. In fact, out of the 500-MW solar projects awarded by the Punjab government recently in the Phase 3 auction, Hartek Power has bagged solar EPC orders for 200-MW projects," he said.
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