Joint Venture
Suryachakra MSM Solar India Pvt Ltd (SMSIPL), is a joint Venture company formed between Suryachakra Power Venture Private Limited MAN Solar Millennium GmbH(MSM), Germany for transfer of Concentrated Solar Thermal Technology to Solar Thermal project developers in India. The JV has brought together two qualified players in the field of power sector.
Suryachakra MSM JV aims to indigenize the technology components and minimize import of critical components of the solar field and achieve cost reductions. The JV has already covered significant ground in this direction and is geared to meet the opportunities arising out of the Jawaharlal Nehru National Solar Mission's target of 20,000 MW capacity by 2022. Suryachakra MAN JV is implementing CSPs at various locations in India.
In view of our combined strength along with our technology partner MAN Solar Millennium, GmbH, Germany(MSM).
The following group companies of Suryachakra Power Corporation Limited are implementing CSP's at various locations in India.
Suryachakra Power Venture Private Limited [SPVPL], a Suryachakra group company, has entered into a joint venture with global leader and a pioneering Concentrating Solar Thermal Technology firm, MAN Solar Millennium GmbH (MSM) of Germany for joint development of Solar based Power Projects in India. MSM is a subsidiary of MAN Group of industries, which is a 250 years old company, having presence in India for several decades. MAN was involved in Shaktiman Trucks after independence and has been very supportive to India during this period in many fields. The Joint Venture company has been named as Suryachakra MSM Solar India Pvt Ltd.
South Asian Agro Industries Limited, a wholly owned subsidiary of LPSL, has entered into Solar Thermal power generation as diversification activity. The company is setting up a 5MW concentrated solar thermal power generation plant at Khajuri village in Baloda Bazar Tehsil, Raipur District, Chhattisgarh. The project has received in-principle approval from Chhattisgarh State Renewable Energy Development Agency[CREDA], entered into PPA with CSPDCL and MNRE has registered the project for award of Generation based incentive to the project. The project is under active implementation.
Suryachakra Power Venture Private Limited [SPVPL], is setting up a 5 MW Solar Thermal Power Plant in Kadiri, Anantapur district, Andhra Pradesh. Land allocation has been done and power purchase agreement has been entered into with APCPDCL. NEDCAPL has accorded in-principle approval and MNRE has registered the project for award of Generation based incentive to the project. The project is under active implementation.
Aasrit Enviro Power Private Limited[AEPPL], a Suryachakra group company, is setting up a 100 MW Solar Thermal Power Plant in Kadiri, Anantapur district, Andhra Pradesh. Land allocation has been done and signing of power purchase agreement is under process with NVVNL a fully owned subsidiary of NTPC Ltd. through National Solar Mission, Government of India NEDCAPL.
Sri Panchajanya Power Private Limited, a subsidiary of Suryachakra Power Corporation Limited [SPCL], is setting up a 5 MW Concentrated Solar Thermal power generation plant at MIDC, Limbala village, Hingoli, Hingoli District, Maharashtra State. The plant is expected to generate upto 5 MW power during peak sun-shine hours after commissioning. The project has received in-principle approval from Maharashtra Energy Development Agency[MEDA] and in-principle approval for purchase of power from MSEDCL. The project is under active implementation.
Suryachakra Power Venture Private Limited [SPVPL], a Suryachakra group company. SPVPL is setting up concentrated solar thermal power generation projects in modules of 5MW and 50MW in Bhavnagar District, Gujarat State under MoU with Gujarat Government.
Suryachakra Energy & Infrastructure Private Limited(SEIPL), a Suryachakra group company is setting up of 5 MW concentrated solar thermal power generation project at Sagar District in Madhya Pradesh State.
MAN Solar Millennium
MAN Solar Millennium, GmbH, Germany(MSM),is a joint venture of MAN Ferrostaal and Solar Millennium for project development, turnkey construction and financing of large scale solar thermal power plants.
Solar Millennium AG is the parent company of MAN Solar Millennium, GmbH, Germany(MSM). Solar Millennium GmbH was formed in 1999. In 2003.
Solar Millennium GmbH commenced Andasol-1 Plant's First Financial Closure from 05/2006 with the start of construction. Solar Millennium GmbH entered into Andasol-3 from 06/2006, with 50% participation with the cooperation of EDP Group.
Andasol 1
In 2006, Solar Millennium GmbH has developed Cooperation with GE Energy Financial Services. Solar Millennium GmbH commenced Andasol-2 plant's Financial Closure from 12/2006 with the start of construction.
Andasol 1 & 2
