Giriraj Enterprises, Pune based conglomerate, with interests in FMCG, amusement, hospitality and Wind power recently announced that it is foraying into solar power by putting up 33 MW plant under REC mechanism in Rajasthan. This project shall generate around 53 thousand solar RECs and hence satiate tremendous demand which exists for Solar RECs.

This project will instill much needed investor faith in this market mechanism and will aid various obligated entities to meet solar RPOs, which as per sources will be strictly enforced with heavy penalties for non-compliancein the coming times.

Giriraj Enterprises has chosen Sterling and Wilson as their Engineering, Procurement and Construction (EPC) and Sunrays Power Solutions Pvt. Ltd. as their Project Management Consultant (PMC) for this project.

Rajesh Malpani, Director, Malpani Group mentions "As this is our first foray into this exciting field, our major consideration was to choose a partner with proven track record and resource mobilization capabilities. After several rounds of discussions Sterling and Wilson proved to be a synergistically fit partner for us".

This ground mounted solar plant based on state of the art technology and world class engineering will create favorable impact on environment by off-setting approximately 47520 tons of CO2 every year,enabling India to achieve long term targets under NAPCC.

Power generated will be sold to local discomat APCC bridging demand supply gap in the state. The power generated is equivalent to providing green electricity to more than 1 lac rural households across the state.

Sterling and Wilson's Solar Head Mr. Bikesh Ogra also mentions "We have developed highly capable decentralized in-house design teams over the past 2 years, which coupled with existing execution teams puts us in a very good spot as a premium and largest pure play solar EPC company in the country. We are now looking to execute more than 200 MW capacity of Solar PV in FY2013-14 by developing SolarParks across various states in country including Rajasthan, MP, AP and TN.