Rooftop Solar Power Developer, HFM Solar Power Private Limited has commissioned a 1.4 MW roof-top solar power project at the University of Allahabad, Prayagraj. Built in collaboration with SECI and MNRE, the rooftop solar power plant has been installed across 23 buildings which will provide around 44% of the university’s electricity. The solar plant will reduce emissions from grid power and backup diesel generators, and will help abate around 1820 Tons of CO2 per year.
The company will provide solar power to University of Allahabad based on the OPEX / RESCO model. Solar Power will be provided at tariff rates cheaper than the grid tariffs, which is estimated to save the university approx. Rs. 7.5 million annually.
Dharmendra Jain, Director, HFM Solar said “We are extremely honored and proud to be associated with such a distinguished & illustrate institute like University of Allahabad, which at one point was called “the Oxford of the East”, a University which occupies a unique and significant position in the educational sector in India. We are happy to note that the solar power supplied to the institution will be at a cost which is approx. 50% cheaper than the grid tariff, providing significant cost savings to the Institution as well. Through our partnership, we are helping University of Allahabad reduce their carbon footprint and electricity costs simultaneously.
To avoid irreversible, catastrophic climate change, we must reduce its carbon use and ensure an ideal near-zero use of fossil fuels in the coming decades. As an energy company, we are committed in implementing Solar Energy Projects to help reduce CO2 emissions and contribute towards the objective of energy conservation.