Chennai:
Voltech Group, a leading service
provider in the Testing and Commissioning of Electrical Systems globally - has
started a new venture SOLACON Energy Park Pvt. Ltd amalgamated with Arab
Gulf Pearl Trading Co LLC, UAE and NanoPV, USA to expanding its Solar Energy
business in India.
On the occasion of Voltech Group 17th
Anniversary, the group has announced its new venture SOLACON Energy Park
Pvt. Ltd. The Voltech group serves many
industries including power, steel, Oil/Gas, Infrastructure and Cement; covering
Government, Public and Private Sector Industries. And now they started a new
venture in Solar Engery.
Solacon is
a establish Solar Park near Madurai, in 100 acres of land. The operation
and production of Solsacon is initially to set up a 2MW Plant by end of
March 2013 and gradually ramp up to 10MW. The plant will be using NanoPV
Technology.
NanoPV has unique technology based on
amorphous and nano-crystalline silicon and proprietary light-trapping and
‘transparent conductive light-trapping oxide’ technologies. Because of this,
compared with conventional solar cells, NanoPV’s cell manufacturing involves
one-third the process and takes one-third the cost, and “300 times less amount
of material consumption.”
The Board of directors for SOLACON will
be include M. Umapathi, Chairman – Voltech Group as Technical & Commercial
– Director holding a major share of 45% in SOLACON. Adam Sheikh, G M –
Arab Gulf Pearl Trading Co. LLC, U.A.E & Kashif Sheikh, U.A.E are the other
Directors, holding a share of 22.5% each in SOLACON and Dr. Anna Selvan John,
President – NanoPV, USA as Technical Director, holding 10% Share in
SOLACON.
M Umapathi. Chairman and Managing
Director of Voltech Group said that “This new venture will be a big
breakthrough for Voltech Group to enter into Solar Power Industry. With the
supply of latest technologies by our new partner, the company can produce high
unit of power generating Solar Panels that cause no harm to the environment.”
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