Swelect Energy Systems wins 10 MW solar power project

Outcome of board meeting of Swelect Energy Systems

Swelect Energy Systems announced that the Company participated in KREDL Solar Power Project announced by Karnataka Government recently. Under the DCR Category eligible for Karnataka based Solar Module manufacturers, the Company submitted the bid and won a 10 MW Solar Power project.

The Board of Directors at their meeting held on 11 April 2016 have approved the proposal of acquiring 100% equity share capital of SWELECT Power Systems (SPSPL) at Face Value for utilizing the said Company (SPSPL) as SPV for the above 10 MW Project from execution to operation and maintenance and passed necessary resolutions accordingly

 

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