- Hartek Power connects 545-MW solar projects to grid in six states in current financial year
- From 598 MW in March 2017 to 1,143 MW now, Hartek Power registers phenomenal growth of 91.1 per cent in its solar grid EPC business in 10 months
Chandigarh: The power systems EPC portfolio of Hartek Power Pvt Ltd, one of India’s fastest growing Engineering, Procurement and Construction (EPC) companies, has surpassed 1 GW in solar power projects with the commissioning of 545-MW projects spread across six states.
Cashing in on India’s solar overdrive to match its growth with that of the industry, Hartek Power has registered a phenomenal growth of 91.1 per cent in its power systems EPC business catering to solar plants in a span of just 10 months. From just 598 MW, as on March 31, 2017, the solar power system EPC projects executed by Hartek Power have now gone up to 1,143 MW, registering nearly a twofold growth.
Involving 15 substations of up to 220 KV, the 545-MW projects executed by Hartek Power in the current financial year include a 100-MW project in Nagarkurnool district of Telangana, a 50-MW project in Ashoknagar district of Madhya Pradesh, a 25-MW project in Sangrur district of Punjab, six projects totalling 180 MW in Bellary, Tumkur and Davanagere districts of Karnataka, two projects of 140 MW in Badhla district of Rajasthan and four projects of 50 MW in Banda, Hamirpur, Kushinagar and Hardoi districts of Uttar Pradesh.
With other 285-MW projects under execution, Hartek Power is expected to reach the 1.5-GW mark by the end of the current financial year.
The scope of work of these projects included complete turnkey solutions of post-inverter works covering the design, engineering, supply, installation, automation and commissioning of the power plant electrification.
Hailing the achievement, Hartek Group Chairman and Managing Director (CMD) Hartek Singh said, “The power systems business unit of the Hartek Group has done incredibly well. We owe our success to our unflinching commitment to quality and timely execution of projects. We have won the trust of key developers by creating immense value for them in terms of unmatched expertise and services. These are the factors that have enabled us to emerge as one of the fastest growing EPC companies in the Indian solar space.”
Describing Hartek Power as an old and valued partner known for its high quality standards and reliability, Preet Sandhu, Co-Founder and Executive Vice-President, Infra, Azure Power, which has been associated with Hartek Power in executing substations for solar power projects for the past eight years, said, “Hartek Power’s high-quality alternating current (AC) work and power evacuation has strengthened our execution capabilities. We are pleased to have them as a valuable partner in our growth story, and congratulate them on achieving this milestone.”
A pan-India company with presence in 18 states which ventured into the solar power systems domain just six years ago, Hartek Power is focusing on South India and new geographies like Jharkhand and Bihar to consolidate its position. “At the same time, we are strengthening our hold in states like Punjab, Rajasthan and Uttar Pradesh where we have traditionally been doing well,” said the Hartek Group CMD.
As a backward integration strategy, the Hartek Group also has its own manufacturing division, which makes power distribution products catering to its own projects and to the requirements of industries, utilities and independent power producers, like medium-voltage switchboard panels, control relay panels and low-voltage panels. The economies of scale of this manufacturing business have been immense for Hartek Power and its EPC portfolio with appreciable improvement in supply chain and considerable reduction in costs.
Hartek Power is part of the billion-INR Hartek Group, which contributes significantly towards the entire power sector value chain through its diversified portfolio covering Power Systems, Rooftop Solar, Power Distribution Products, Fuel Services, Smart Cities and Value Added Services.
India’s installed solar generation capacity has gone up by more than 30 times from 0.5 GW to 17 GW in less than seven years, offering huge opportunities for growth to firms like Hartek Power.
About Hartek Power
Hartek Power Pvt Ltd, the flagship company of the Hartek Group, is one of India’s most valued Engineering, Procurement and Construction (EPC) companies with expertise in executing high-voltage substation turnkey projects. Held in high esteem for timely execution of projects and high quality standards, Hartek Power provides complete EPC solutions on substations and transmission lines to the industry, independent power producers and utilities. Formerly known as Amtek Energy & Power Pvt Ltd, Hartek Power has been able to create immense value in the T&D value chain, as reflected in its execution of more than 150 high-voltage and extra high-voltage substations and transmission lines. Hartek Power also provides complete solar EPC and turnkey solutions. It has so far connected 1,143 MW, of solar power to the grid for leading IPPs.
About Hartek Group
Based in Chandigarh, the Hartek Group is one of India’s fastest growing concerns catering to the power sector through five strategic business units—Power Systems, Rooftop Solar, Power Distribution Products, Fuel Services and Value-Added Services. An integrated conglomerate contributing immensely to the entire power sector value chain, the Hartek Group also manufactures a complete range of power distribution equipment/solutions catering to the needs of the industry as well as utilities under Hartek India Pvt Ltd. Having a long-standing tie-up with reputed global suppliers like Siemens and Schneider Electric, the Hartek Group has secured more than 3,000 clients since its inception 26 years ago. Taking its rooftop solar business division to the next level to tap the huge opportunities brought by the rapidly growing market for rooftop photovoltaic plants, the Hartek Group recently embarked on Hartek Solar Pvt Ltd.
Source: adfactorspr
