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Solar Pump
Oswal Pumps on Wednesday said it has secured an order worth Rs 442 crore from Maharashtra State Electricity Distribution Company to supply 14,787 solar water pumping systems. Besides, the company will also be responsible for the installation, testing, and commissioning of the off-grid direct current pumping systems at identified farmers' sites across Maharashtra. In an exchange filing, Oswal Pumps said, "It has been awarded a major letter of award of empanelment by Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM Kusum B Scheme/Magel Tyala Saur Krushi Pump Yojana". The letter of award is valid for one year, with installations to be completed within 60 days from the issuance of the work order or relevant approvals. The value of the order is around Rs 442 crore. Launched in 2019, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) was aimed at adding solar capacity of 30,800 MW by 2022 with total central financial support of Rs 34,42
Climate-smart technology solutions provider Ecozen on Wednesday said it has raised over USD 23 million in debt funding from a bunch of investors including Zurich-based responsAbility Investments AG, Northern Arc Capital and Maanaveeya Development & Finance, among others. This investment will be utilised for scaling the company's flagship solutions, including Ecotron, Ecofrost, and advanced motor control systems, Ecozen said. Ecozen's product portfolio includes solar pump controllers and solar cold storage rooms as well as e-bike controllers for a range of industries and needs. "This (USD 23 million) funding reaffirms the confidence our partners have in Ecozen's ability to drive impactful change through innovation. We are excited to be on a rapid growth path, driven by the increasing need for sustainable, climate-smart solutions," said Devendra Gupta, CEO and Co-Founder of Ecozen. The company said it is clocking a CAGR of over 83 per cent in revenue growth over the past three years
Bhilai Steel Plant (BSP) has decided to install solar power generation systems on the rooftops of various buildings in its plant premises and township in Bhilai. The flagship unit of the country's largest steel maker Steel Authority of India Limited (SAIL), BSP, has recently signed a memorandum of understanding with the Chhattisgarh State Renewable Energy Development Agency (CREDA) for the solar power generation project within the unit's premises, a statement issued by the plant management said on Wednesday. The proposed plan shall generate about 2 MW of electricity, it said. Besides, a project of rooftop solar energy systems installation on residences and offices in the township is also underway, which has the potential to generate about 3 MW of electricity, it said. Upon completion, the two projects shall lead to a reduction in as much as 2,900 tonnes of Carbon Dioxide emission every year, thereby helping in environment conservation, it said. On May 9 this year, a Power Purchase
Maharashtra Deputy Chief Minister Devendra Fadnavis on Wednesday said the government has fixed the target of installing two lakh solar agricultural pumps in the state. Fadnavis, who also holds the charge of Energy Department, held a review meeting at its headquarters in Mumbai. Speaking to reporters later, he said, "The state government has set the target of installing two lakh agri solar pumps in the coming months. While one lakh will be set up by the Maharashtra Energy Development Authority (MEDA), the remaining ones will come from the Maharashtra State Electricity Distribution Company Ltd (MSEDCL)." The Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) will cover necessary parts of this programme of installing the solar agri pumps, he said, without giving details of how many pumps have been installed so far in the state. "The state government is also taking steps towards agri feeders to be converted on solar energy to benefit farmers. I have asked the officials