INNOVATIVE OFF-SITE POWER PARTNER FOR COMMERCIAL AND INDUSTRIAL CLIENTS
The meeco Group has been, for years, focusing on the commercial and industrial power segments of the renewable energy markets worldwide. With the investment into a new 3 MWp clean energy project meeco, herein represented by its joint venture meeco India Private Ltd., continues in this initiative and points the path for 2018.
In the framework of a Power Purchase Agreement (PPA) business model, meeco India will invest into the clean energy project of the renowned manufacturer, service provider and developer RYB Power Electricals Pvt. Ltd. After stipulating the conditions of the cooperation in a term sheet the contract is scheduled to be signed on Friday, 05th January 2018. As a well-established and reputable player in the global solar market, meeco undertakes the engineering, procurement and construction of the project, which has been developed by RYB Power Electricals for long term PPAs with private enterprises through Open Access in the state of Maharashtra, India. By utilising existing energy distribution infrastructure, meeco forges ahead with innovative Open Access off-site power solutions for commercial and industrial customers in India. As per the Captive power supply model, meeco will operate the power plants in the state of Maharashtra and will supply the power to several clients such as industrial off-takers in Pune or hotels in Mumbai.
“We are committed to both near and long term success of our customers worldwide by employing optimal ways of Generating Power and improving the use of power on an ongoing basis”, states Mr. Suresh C. Pahwa, a Director of meeco India. “We are ready to make investments with our customers and use innovative commercial models to participate in making their business prosper”.
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