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Home News Power Sector News Numeric Power to set up solar energy farm in Tamil nadu

Numeric Power to set up solar energy farm in Tamil nadu

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NumericNumeric Power Systems, a provider of uninterrupted power supply (UPS) systems, plans to set up a 1 MW solar energy farm at Palladam near Coimbatore district of Tamil Nadu.

"We are setting up first solar independent power project (IPP) of 1 MW at the solar energy farm at Palladam near Coimbatore district. The cost of the project is estimated at Rs 25 crore, which will be financed through internal accruals," Numeric Power's Managing Director, R Chellappan, told reporters.

Numeric Power which is celebrating its 25th year, is also setting up a 200 KVA (kilovolt-ampere) per day UPS manufacturing facility at Parwanoo in Himachal Pradesh. The Rs 6 crore project will become operational by May, Mr. Chellappan said.

The company's total UPS installed capacity is estimated at 6,000 KVA per day from its 6 manufacturing units, located at Chennai and Puducherry. The company has now entered into green energy solutions -- solar power systems, wind energy generation and LED lighting systems.

Numeric has recently launched a 100 per cent-owned subsidiary, Numeric Solar Energy Pvt Ltd, and offers a very specialised and standard solar range to support every need to conserve energy under the renewable energy programme combined with energy efficient LED lighting solutions for a wide range of applications, Chellappan said.

The company employs 2,200 employees in India and abroad with four subsidiary companies in Sri Lanka, Singapore, Mauritius and Johannesburg. The company hopes to achieve a Rs 500 crore revenue, which will include Rs 50 crore from the solar division in FY 10. The company achieved a revenue of Rs 429 crore in FY 08.

Source- Hindu
 

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