Another milestone in the development of the renewable energy sphere of Hartek Group is the presence of a major engineering, procurement and construction (EPC) contract on a 280-megawatt (MW) solar power project in India. The project supports the status of Hartek as one of the major stakeholders in the booming Indian market of clean energy.
The large increase in renewable portfolio.
Under the contract, Hartek will handle end to end EPC services, such as detailed engineering, acquisition of important equipment, installation, testing, and commissioning of the solar plant. The project will likely be developed in a rather restricted execution schedule, which is indicative of the industry rush to acquire the capacity to add renewable capacity at breakneck pace in order to achieve national climate and energy security objectives.
India: Enhancing the Solar Vision.
The 280-MW solar initiative will be in line with the overall target of India to have 500 GW of non-fossil fuel capacity by 2030. Such massive solar projects are important in ensuring that there is less reliance on fossil fuels, a decrease in carbon emissions, and an increase in the electricity demand by industrial and commercial sectors.
Hartek has an expanding history of performance.
Hartek has progressively invested in the utility scale solar and power transmission infrastructure within India. The company has already implemented some of the high capacity EPC solar projects and grid integration projects and built a name of delivering timely as well as technical skills. According to industry observers, the good performance of Hartek in terms of execution and internal capacity to perform its own engineering works has enabled it to secure repeat business with the developers.
The economic and environmental impact is also influenced. The environmental and economic impact are also affected.
The 280-MW solar plant will produce sufficient clean energy to serve hundreds of thousands of homes in a year upon operationalization. It will also help in achieving considerable carbon dioxide cutbacks, and this will be in favor of the international climate accords made by India. Also, the project will have a high probability of generating employment opportunities at the construction and operation stages.
Outlook
Following this recent EPC victory, Hartek is still enjoying good momentum in the renewable energy market in India. With solar tariffs as a competitive market and policy backing as a resilient force, companies that have established successful implementation track records will enjoy the advantages of a consistent flow of large-scale projects. The recent contract that Hartek won highlights the increasing trust of the developers in the experienced players in the EPC industry to provide complex solar systems in an efficient manner.
