Teerth Gopicon Signs MoU of ₹1,500 Crore & Bags Order from JVVNL
The Indian solar industry has witnessed a significant surge in recent years, driven by the government’s initiatives to promote renewable energy and reduce dependence on fossil fuels. In a major boost to the sector, Teerth Gopicon Limited has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh’s Renewable Energy Department to invest ₹1,500 crore in a 6 GW solar manufacturing project. Additionally, the company has bagged an order from Jaipur Vidyut Vitaran Nigam Limited (JVVNL) for 6.89 MW of grid-connected solar plants under the Prime Minister’s Kusum (Pradhan Mantri Kisan Urja Yojana) scheme.
The MoU between Teerth Gopicon Limited and the Government of Madhya Pradesh’s Renewable Energy Department is a significant milestone in the company’s journey to become a leading player in the Indian solar sector. The ₹1,500 crore investment will be used to set up a 6 GW solar manufacturing project, comprising 3 GW modules and 3 GW cells. The project is expected to create employment opportunities and generate revenue for the state.
The project will also contribute to the government’s efforts to increase the country’s renewable energy capacity. As per the Ministry of New and Renewable Energy, India aims to achieve 40% of its energy generation from non-fossil fuels by 2030. The Teerth Gopicon Limited project will play a crucial role in achieving this target.
In addition to the MoU, Teerth Gopicon Limited has also bagged an order from JVVNL for 6.89 MW of grid-connected solar plants under the PM-KUSUM scheme. The project, which is being implemented on a RESCO (Renewable Energy Service Company) mode, will be spread across four locations in Rajasthan. The 25-year operation and maintenance contract will ensure that the solar plants operate efficiently and generate clean energy for the state.
The PM-KUSUM scheme is a flagship initiative of the government to promote solar energy in rural areas. The scheme aims to pump-set solar plants for 20 lakh farmers, reducing their dependence on grid electricity. The scheme also aims to promote decentralized solar power generation, reducing transmission losses and increasing the state’s renewable energy capacity.
Teerth Gopicon Limited’s order from JVVNL is a significant achievement, demonstrating the company’s expertise in solar energy solutions. The company’s ability to deliver complex solar projects on time and within budget has earned it a reputation as a reliable player in the industry.
The company’s focus on research and development has also played a crucial role in its success. Teerth Gopicon Limited has invested heavily in R&D, developing innovative solar solutions that meet the evolving needs of the industry. The company’s commitment to quality and customer satisfaction has earned it numerous awards and certifications, including the ISO 9001:2015 certification.
In conclusion, Teerth Gopicon Limited’s MoU with the Government of Madhya Pradesh’s Renewable Energy Department and its order from JVVNL are significant milestones in the company’s journey to become a leading player in the Indian solar sector. The company’s investment in solar manufacturing and its ability to deliver complex solar projects on time and within budget have earned it a reputation as a reliable player in the industry. As the company continues to grow and expand its operations, it is expected to play a crucial role in achieving the country’s renewable energy targets.
