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Caparo Power Expands Renewables, Targets India’s Idle Gas Assets
Caparo Power is a company that makes electricity for businesses.
It wants to build more solar-power projects in India.
The company plans to start with several megawatts of solar capacity and grow later.
Some of its solar projects are already being developed.
Caparo Power also operates a gas-fired plant in Haryana.
It says some gas power plants in India are unused because fuel is too expensive or customers are no longer buying their electricity.
The company wants to find ways to use these existing plants instead of abandoning them.
It is also discussing systems that can provide electricity, cooling and heat to data centres.
Caparo Power plans to develop ground-mounted solar projects and expand its renewable portfolio in India.
The company is targeting a double-digit megawatt renewable pipeline, with additional growth planned over time.
Its first solar projects are expected to become operational within the article’s stated “12-8 months” timeframe.
Caparo Power is exploring ways to revive idle gas-fired generating assets by addressing fuel, commercial and offtake challenges.
The company is also discussing on-site tri-generation systems with data-centre developers and expanding its captive-power model.
- Who
- Caparo Power, a joint venture between Caparo Group and Wärtsilä, led on this initiative by whole-time director and CEO Raman Chopra.
- What
- The company is expanding into renewable energy, developing solar projects and exploring the revival of idle gas-based generating assets.
- Where
- India, including Haryana, where Caparo Power operates a gas-fired captive plant at Bawal.
- When
- The article does not specify a publication date; the first solar projects are expected to become operational within the stated “12-8 months” timeframe.
- Why
- To expand reliable power for industrial users, develop captive and third-party solar supply, and make use of existing gas-power infrastructure.
Key facts
- Company
- Caparo Power
- Joint-venture partners
- Caparo Group and Finnish energy company Wärtsilä
- Existing plant
- A gas-fired captive power plant at Bawal, Haryana
- Renewable focus
- Ground-mounted solar projects
- Initial pipeline
- A double-digit megawatt renewable pipeline
- Additional technology
- On-site tri-generation supplying power, cooling and thermal energy
- Potential customers
- Food processing, pharmaceutical and precision-manufacturing businesses, as well as industrial clusters
Quotes
Raman Chopra
Whole-time director and CEO of Caparo Power
“Discussions are underway with businesses in sectors such as food processing, pharmaceuticals and precision manufacturing, along with opportunities in industrial clusters across a few other states before considering international expansion.”
financialexpress.com
“The capital has already been spent, the land is already acquired, the evacuation infrastructure already exists. Writing that off and building fresh capacity elsewhere is not a rational answer for a capital-scarce economy.”
financialexpress.com
Sources
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