Ajmera Realty and Infra India forays into solar power project

India Infoline News Service | Mumbai |

Ajmera Biofuel has acquired 49% stake in the Solar project at OSIYAN, in the Jodhpur district of Rajasthan.

The Ajmera Realty and Infra India Ltd, one of the largest privately held real estate developers, has forayed into solar power project in a big way. Ajmera Biofuel has acquired 49% stake in the Solar project at OSIYAN, in the Jodhpur district of Rajasthan.

The highlight of the project is the Grid Interactive Electric Power Generation with the Capacity of 5.75 MWP. The project emphasizes on the adoption of the state of the Art Poly Crystalline Silicon Solar Photovoltaic (SPV) Cell Technology.

The project has achieved the Grid Connectivity on the Oct 15, 2011 & has commenced supplying the H.T.Power to the Rajasthan Grid.  The company has signed PPA for 25 years with subsidiary of NTPC under Jawaharlal Nehru National Solar Mission. The payment of the project is secured under revolving Letter of Credit from subsidiary of NTPC. 

Nimish Ajmera, Director, Ajmera Realty & Infra India, said that this is the first set of Solar Project to be approved and has been commissioned under the auspices of  JNNSM    (Jawaharlal Nehru National Solar Mission) launched in January, 2010. The Project launched is based on German Technology & EPC Contractor. According to the sources the Project has already been set up, commissioned within the stipulated time frame.

Comet Power Private Limited (Joint Venture between Videocon and Ajmera Group) has invested Rs.860mn to set up 5.75 MW Solar Power project at Rajasthan and Ajmera Biofuel Ltd (subsidiary of Ajmera Realty & Infra India Ltd) has taken 49% stake in the above company.

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