Chandigarh-based engineering, procurement and construction company, Hartek Power Private Limited, has connected its 50-MW solar project in Anantapur district of Andhra Pradesh to the Grid. The 132/11-KV substation project, spread over 400 acre, is the company’s first project in the State and the biggest in South India.
Riding on the solar wave, Hartek has bagged substation orders for 330-MW projects across the country in the first quarter of the current financial year. With these orders in its kitty, the company is poised to connect 500-MW solar power projects to the Grid this fiscal, it said in a statement on Monday.
The 330-MW solar EPC orders are spread across six states, including Punjab, Bihar, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra.
Hartek has installed substations for 258-MW solar projects since it entered the business three years ago. It consolidated its position in FY 2015-16 by providing Grid connectivity to 123-MW solar projects spread across Punjab, Rajasthan, Andhra Pradesh, Bihar and Karnataka.
Looking to build on this momentum to accelerate its growth, it has done well to cash in on the solar overdrive that the country has shifted into since the Central government revised the National Solar Mission target for 2022 last year from 20 GW to 100 GW.
India’s installed solar generation capacity has gone up from 2.5 GW to 7 GW in a matter of just two years, offering a huge scope for growth to firms like Hartek Power, said Hartek Power Chairman and Managing Director Hartek Singh.
“Given the upbeat market sentiment, the renewed focus of the government on solar power and our expertise in providing Grid connectivity to solar projects, we are expected to cruise to our target quite smoothly,” he added.