Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-05-06

SMEs in UP looking to tap solar energy to deal with blackouts

SMEs in UP looking to tap solar energy to deal with blackouts

SMEs in Uttar Pradesh are looking at tapping solar energy to deal with persistent power cuts and insulate against rising electricity tariffs. The 30% central subsidy provided on solar power installations has only added to the attractiveness of the proposition. After subsidy, a typical solar power system costs about Rs 1.40 lakh per kw capacity, although the final price largely depends upon the battery strength.

 

“We have undertaken solar energy as a mission and our members are actively exploring the opportunity of installing solar power systems in their factories. Some of them have also got these systems installed,” Indian Industries Association (IIA), Executive Director, D S Verma said. IIA is the apex MSME chamber in the state.

 

Mumbai-based Startling Solar Private Limited, which is IIA’s knowledge partner for solar energy, has been receiving inquiries and quotation requests for solar power systems. The company is currently setting up solar power system in a common effluent treatment plant for leather units in Unnao district.

 

“A typical solar power system recoups cost in 6-7 years if the company claims income tax benefits by disclosing its balance sheet. Without such benefits also, it recovers the cost in 10 years,” Anuj Nigam, Promoter-Director, Startling said.

 

The life of solar power system is pegged at 25 years. The battery needs to be changed every 5 years, while the solar panels are required to be kept clear for greater radiation. By 2017, UP is aiming to augment solar energy generation by 500 Mw and has already signed power purchase agreements (PPA) with private companies. Pan India, the Centre is eyeing 22,000 Mw of solar energy in 10 years. Currently, solar energy accounts for about 2,000 Mw of grid power.

Related opportunities
  • Quick Service Restaurants
    About Dumpling MomoPartner with the emerging Tibetan snack brand of..
    Locations looking for expansion West Bengal
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 100 - 700 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • About Us: Welcome to the world of premium modular kitchens, crafted..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 30lac - 50lac
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Bars, Pubs & Lounge
    About Us: House Of Mandarin offers delicious dining, takeout and delivery..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • India’s first dedicated Pay-Per-Workout gym! Identifying the tendency of Indians not..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts