Amara Raja Infra Pvt Ltd (ARIPL), a subsidiary of the renowned Amara Raja Group with a total worth of USD 1.75 billion, has achieved a significant milestone by securing a solar project valued at $130 million in Bangladesh. This accomplishment marks ARIPL’s entry into the international solar market, opening up new avenues of growth for the company. In a press release, Amara Raja highlighted the project’s significance and the partnership involved in its execution.
The project encompasses various aspects, including Engineering, Design, Supply, Installation, and Commissioning of a 100 MW (AC) Solar PV Power Plant. The funding for the venture will be provided by the Exim Bank of India, further strengthening the economic ties between the two nations. This collaboration not only promotes the growth of renewable energy but also emphasizes the commitment to sustainable development.
ARIPL, in conjunction with Premier Solar from Hyderabad, successfully secured the project from Rural Power Company Ltd (RPCL) in Bangladesh. The project site, sprawling across 326 acres in Madarganj, Jamalpur District, has been carefully chosen to optimize solar energy generation. With its expertise in solar power solutions, ARIPL is well-equipped to undertake this ambitious venture.
The timeline for completing the project is set at 18 months, emphasizing the commitment to timely execution and efficiency. Once operational, the 100 MW solar power plant will contribute significantly to Bangladesh’s renewable energy capacity, enabling the nation to reduce its reliance on fossil fuels and move towards a greener and more sustainable energy landscape.
This venture is a testament to Amara Raja Infra’s capabilities and commitment to excellence in the renewable energy sector. The company’s extensive experience in executing large-scale projects, coupled with its dedication to innovation and quality, has positioned it as a preferred partner for sustainable energy solutions.
The solar project in Bangladesh aligns with the nation’s goal of promoting renewable energy sources to address its growing energy demands while mitigating the impact on the environment. By expanding its footprint in the international solar market, Amara Raja Infra not only strengthens its own presence but also contributes to the global transition towards cleaner and greener energy alternatives.
Commenting on the achievement, Mr. Jayadev Galla, Vice Chairman of Amara Raja Group, expressed his enthusiasm and stated, “We are extremely pleased to secure this solar project in Bangladesh, which marks our foray into the international solar market. This milestone highlights our commitment to sustainable growth and reinforces our position as a leading player in the renewable energy sector.”
He further added, “We are confident that this project will pave the way for future collaborations and opportunities in the global renewable energy market. We look forward to delivering this project efficiently and making a significant contribution to Bangladesh’s renewable energy goals.”
The success of Amara Raja Infra in securing this prestigious project not only strengthens its position in the solar power industry but also reinforces the company’s commitment to sustainable development and green initiatives. As renewable energy continues to gain prominence on the global stage, Amara Raja Infra’s expertise and accomplishments position it as a key player in driving the transition towards a cleaner and more sustainable future.
In conclusion, Amara Raja Infra’s achievement of securing a solar project valued at $130 million in Bangladesh signifies a major milestone for the company. This entry into the international solar market showcases the company’s capabilities and commitment to renewable energy solutions. The project’s successful completion will contribute significantly to Bangladesh’s renewable energy capacity and reinforce Amara Raja Infra’s position as a leading player in the sector.
