India's Photon Energy to implement 3.5-MW solar plant upgrade

(SeeNews) - Apr 9, 2014 - Indian company Photon Energy Systems Ltd will expand the capacity of an existing 6.5-MW solar power plant in Mahbubnagar, the state of Andhra Pradesh, to 10 MW, the Hindu Business Line reported yesterday.

More specifically, Photon Energy will build the 3.5-MW solar photovoltaic (PV) project worth INR 250 million (USD 4.2m/EUR 3m) for the publisher of the Eenadu daily - Ushodaya Enterprises Pvt Ltd. Photon Energy was also the one to construct the original 6.5-MW Midgil solar facility, the cost of which amounted to INR 500 million.

The upgrade is anticipated to be done in three to four months. The entire plant will then span over 70 acres (28.33 hectares) of land.

Photon Energy’s chief executive officer, Gautham Nalamada, told the newspaper that the Midgil plant represents India’s largest solar power facility with trackers to supply 12 million units of electricity annually.

According to Nalamada, the company has 65 MW of solar capacity under development near the city of Hyderabad.

(INR 100 = USD 1.663/EUR 1.204)

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription