Mumbai (Maharashtra) [India], November 27: Tembo Global Industries Ltd., a prominent player in the industrial sector, won a major contract worth ₹595 crores from the Maharashtra State Electricity Distribution Company Limited. The Power Purchase Agreement (PPA) between the two parties pertains to solar photovoltaic power generating stations.
The contract will cater to Solar Photovoltaic Power Generating stations of an aggregate capacity of 124 MW(AC) under Mukhyamantri Saur Krushi Vahini Yojana 2.0, a scheme launched for the implementation of feeder-level solarisation under component C of PM-KUSUM scheme. The contract is scheduled to start execution after the signing of the contract and will be completed in 18 months.
Speaking on the maiden success since foraying into the Solar MEP segment, the Managing Director of Tembo Global Industries Limited, Mr Sanjay Patel, said, “Tembo Global has a rich legacy in the manufacturing and industrial sector. Buoyed by this, we wanted to optimise our rich talent pool to offer novel solutions in the MEP segment of the solar energy market, which is one of the country’s high-performing sectors in the energy sector. The contract wins from Maharashtra State Electricity Distribution Company Limited bears testament to the capacity and capability of Tembo to deliver high value in the MEP segment of Solar sector in the country. We are confident that we will complete this contract within the stipulated time and provide value added solutions to our client.”
Tembo Global has recently announced its foray into the high performance Solar energy sector in its MEP (Mechanical, Electrical & Plumbing) segment. The strategic move by the company aims to make investment to enhance efficiency and productivity in the growing Solar energy sector in the country.
Adding further on the future business on Solar MEP segment of the company, Mr Patel said, “As the energy scenario continues to undergo change to satiate the demand of India’s growing economy, our company sees creation of value in the MEP segment with knowledge led innovative solutions. With this foray, our company is committed to invest in creating solutions for our clients which will optimise their operations and help to make them cost effective. Our aim is to enhance the efficiency and safety of solar installations while ensuring compliance with local codes and regulations. This tremendous scope offers Tembo to make ample contributions to the solar energy sector and ultimately to the India growth story.”
Tembo Global, with its rich expertise in the industrial & manufacturing sector, aims to leverage its rich human capital to offer novel solutions into the cost effective MEP segment of Solar energy sector of India. The company will begin Procurement Orders and foresees Power Purchase Agreement (PPA) with various Government run organisations in the MEP segment.
With a robust portfolio in engineering mechanics, design load calculations, and project execution across multiple sectors—including oil and gas, chemicals, construction, and HVAC—Tembo Global Industries is well-positioned to make significant contributions to the growing solar energy sector.
The global solar energy market is projected to exceed $300 billion by 2025, fueled by increasing demand for renewable energy and advancements in solar technology. In India, the solar energy market is rapidly expanding, with the country aiming for around 300 GW of solar capacity by 2030.
The Solar MEP segment encompasses essential components of solar energy systems, including structural design and electrical wiring. Effective MEP design optimizes energy production and minimizes risks associated with electrical and structural failures. As demand for solar installations continues to rise, driven by government incentives and decreasing technology costs, Tembo Global Industries is committed to providing cost-effective solutions that enhance accessibility to solar energy.
Tembo Global Industries is renowned for its export-oriented operations and holds the prestigious Star Export House certification. This new initiative reaffirms the company’s dedication to innovation and sustainability, further solidifying its position in the industrial sector.