Australian Premium Solar (India) Limited (APS) has announced the receipt of a significant Letter of Award (LoA) from the Tripura Renewable Energy Development Agency (TREDA), Government of Tripura. The contract, valued at ₹13.85 crore, is aimed at solarizing 500 agricultural pumps in the state under the PM-KUSUM Scheme (Component C) of the Ministry of New & Renewable Energy, Government of India.
Key Highlights:
- Nature of the Project:
- Solarization of 2 HP AC agricultural pumps in Tripura.
- The project includes a total of 500 units.
- Contract Value:
- ₹13,85,13,620 (Rupees thirteen crore eighty-five lakh thirteen thousand six hundred twenty).
- Awarding Entity:
- The contract was awarded by TREDA, Department of Power, Government of Tripura.
- Execution Timeline:
- The project execution will adhere to the specified terms of the LoA.
- Impact on APS:
- This project is expected to enhance APS’s customer base and contribute significantly to its profitability.
About PM-KUSUM Scheme
The PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme is a flagship initiative aimed at providing sustainable and renewable energy solutions for agriculture. By solarizing agricultural pumps, the scheme targets a reduction in dependency on traditional energy sources while promoting renewable energy usage.
Management Statement
Dhavalkumar Jayeshkumar Suthar, Whole Time Director of Australian Premium Solar (India) Limited, expressed optimism about the project, highlighting its alignment with the company’s vision of advancing renewable energy solutions across India.
