Mumbai, 25th September 2014 - Rolta Power Pvt Ltd has announced their venturing in solar power sector with an installed capacity of 60 MW production line of PV modules. The company aims to manufacture A+ grade of solar photovoltaic panels and to work on a variety of ranges of solar power solutions like, solar EPC projects, rooftop solar projects (KW), solar water pumps, solar telecom tower and may more as per the requirement. The company offers comprehensive services for implementing enterprise-level applications, which is not limited to EPC formula only. It aims to go beyond EPC services, such as manufacturing, complete EPC (including basic design), owner operator solutions, operations & maintenance, backend paper work to claim subsidies, and getting government grants etc. on behalf of the clients.

"Starting a new business has always appealed me," says Dr Aditya K Singh, Promoter and Managing Director, Rolta Power Pvt Ltd. "With the rise in demand for renewable energy, coupled with promising legislation and the need to enhance energy self-sufficiency, starting a solar energy business was an exciting opportunity for us."

He further opines, "The nation is still in its infant stage of manufacturing cycle for supply-chain. Hence, with its proactive legislation, government grants and polices supporting this industry; there is a profitable backward integration opportunity available to be capitalise upon. Rolta Power Pvt Ltd is looking at making this contribution as per its expansion needs."

With the increase in demand for solar photovoltaic in Asia-Pacific countries, India will continue to be one of the top countries to drive the regional demand. Though there is drastic fluctuation in panel prices, Indian manufacturers will look in advancing technical proficiency and increasing value chain and both forward and backward integration to distinguish their products from other dealers in the market.

Further, Dr Aditya K Singh adds, "The grid parity has been met more or less, as compared to thermal power or any other conventional power source in India. Hence, we do not see another recession in solar power sector, may be for some time."

The incentive schemes by Indian government endure to be heterogeneous, making solar PV penetration rates contrast extensively based on local and regional policies. In addition, the policy decision made by government on renewable energy is driving the market. In-addition, the exaltations and amendments of the electricity grid, environmental guidelines in particular, will have a substantial impact on electricity prices for ultimate consumers and will determine the extent of solar power uptake.

Rolta Group has various businesses, such as IT, real estate, investments, merchant banking and now into the power sector as well.

Akshata Mhatre, Corporate Communications. Email: akshata.mhatre@roltapower.com