Joint Venture
Suryachakra MSM Solar India Pvt Ltd [SMSMSIPL], is a joint Venture company formed between Suryachakra Power Venture Private Limited and Solar Millennium AG (SMAG), Germany to setup the concentrated solar thermal technological projects in India as well as the 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 – Solar Millennium AG 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 (JNNSM) target of 20,000 MW capacity by 2022. Suryachakra - Solar Millennium AG JV is implementing CSPs at various locations in India.
In view of our combined strength along with our partner Solar Millennium AG, Germany (SMAG).
The following group companies of Suryachakra Power Corporation Limited are implementing CSPs 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, Solar Millennium AG of Germany for joint development of Solar based Power Projects in India. The Joint Venture Company has been named as Suryachakra MSM Solar India Pvt Ltd.
South Asian Agro Industries Limited, a wholly owned subsidiary of SGEPL, 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.
Suryachakra MSM Solar India Private Limited has submitted bid under Request for Selection (RfS) to NTPC Vidyut Vyapar Nigam Ltd (NVVNL) under JNNSM for a 50 MW CSP in Kutchch district, Gujarat and 5 MW CSP in Khajuri Village, Baloda Bazar, Raipur district, Chhattisgarh. The 5 MW Project received water permission and power evacuation approval from Chhattisgarh State Power Transmission Co. Ltd (CSTCL) and 50 MW project received water permission and power evacuation approval from Gujarat Maritime Board & Gujarat Energy Transmission Corporation Ltd (GETCO).
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.
Flagsol GmbH, Germany
Flagsol GmbH, Germany ,is a joint venture of MAN Ferrostaal and Solar Millennium AG for project development, turnkey construction and financing of large scale solar thermal power plants.
Solar Millennium AG is the parent company of Flagsol GmbH, Germany. Solar Millennium AG was formed in in 1999.
Solar Millennium AG commenced Andasol-1 Plant's First Financial Closure from 05/2006 with the start of construction. Solar Millennium AG entered into Andasol-3 from 06/2006, with 50% participation with the cooperation of EDP Group.
Andasol 1
In 2006, Solar Millennium AG has developed Cooperation with GE Energy Financial Services. Solar Millennium AG commenced Andasol-2 plant's Financial Closure from 12/2006 with the start of construction.
Andasol 1 & 2
