Numeric Power to set up 1 Mw solar plant

Numeric Power Systems Ltd, a Chennai-based UPS company, is planning to set up a one mega watt solar project in Coimbatore, with an investment of Rs 25 crore. The company already has a 1.5 Mw windmill farm in the same location.

Announcing the company’s foray into solar power, managing director R Chellappan said, the company had installed about 200 kWP of solar power generation systems for captive use besides over 500 kWP for other customers.

The company, which completed 25 years of operations, will buy solar cells from Japan and Germany. It would configure panel modules and assemble at the proposed Coimbatore facility. “We are also toying with the idea of foraying into the precision air-conditioning space with a strategic partner,” he added.

 

To promote green energy, the company recently launched a 100 per cent subsidiary, Numeric Solar Energy Pvt Ltd. It registered a net profit of Rs 38 crore on a turnover of Rs 483 crore in the 2008-09.