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Greenam Energy lays foundation for floating solar power plant at SPIC Tuticorin

Power News - Published on Wed, 17 Apr 2019

Image Source: businesswireindia.com
Greenam Energy Private Limited, an AM International group company with a focus on introducing new-age green and sustainable technology, conducted the foundation laying ceremony for the construction of its 24 MW floating solar power plant. Mr Ashwin Muthiah, Founder Chairman of AM International Group, Singapore, laid the foundation stone for the project, in an event at the SPIC’s Tuticorin factory complex. Once the project is complete, it will supply electricity to SPIC, and the excess will be sold to the state power utilities. It will lead to significant energy costs savings and reduce the dependence of the company on its external power suppliers. This 24 MW floating solar power plant will be located on the company’s large water reservoir, inside the company’s Tuticorin plant premises. EDAC Engineering Ltd, a SPIC group company, is undertaking the construction. The project is owned by Greenam Energy, a wholly owned subsidiary of AM International Holdings, Singapore.

Mr Ashwin Muthiah, Founder Chairman of AM International Group Singapore, said that “Greenam Energy will spearhead sustainable and green energy initiatives across the AM International group by bringing world-class technology and expertise. At AM International, we believe that the key to a sustainable future lies in effectively harnessing green energies. We continue in our efforts to employ new technologies and reduce carbon footprint. This project, one of the latest floating solar power plants in India, is a milestone in our attempts to promote the usage of renewable energy sources. The floating solar power plant will be one of the country most significant projects with technology comparable to the best in the world.”

As no land is required for construction, floating solar plants are gaining popularity across India. Also, the water beneath keeps the panels cool and boosts efficiency, thus providing mechanical leverage.

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Posted By : Rabi Wangkhem on Wed, 17 Apr 2019
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