Amp Energy Bags 1 GW Solar Manufacturing Capacity Under PLI Scheme

(MENAFN- KNN India) Amp energy bags 1 GW solar manufacturing capacity under PLI scheme

New Delhi, Apr 5 (KNN) Under the second tranche of the production-linked incentive (PLI) scheme, Amp Energy India has secured a one-gigawatt (GW) capacity for the integration of solar cell and module manufacturing, according to a statement released on Wednesday.

Solar Energy Corp of India Limited (SECI) is a nodal agency of the central government for auctioning renewable energy projects.

Amp Energy Bags 1 GW Solar Manufacturing Capacity Under PLI Scheme Image

“SECI declared the winners who would be eligible to receive a total of Rs 139.4 billion under tranche II of the programme to manufacture 39.6 GW of solar modules. Amp Energy India (AMPIN Solar One) has won 1GW for basket 3 (CM) and would be eligible to receive a maximum incentive of Rs 140 crore," an official release said.

Pinaki Bhattacharyya, MD and CEO, Amp Energy India said,“Our foray into manufacturing is a strategic move that will enable us to achieve backward integration and enhance our control over the supply chain for crucial components which would help us optimize our operations for quality, efficiency and cost-effectiveness.”

“This development is an extension of our commitment for an Atmanirbhar Bharat of making solar power in India using solar cells and modules manufactured in India," he said.

In the recent times, the demand for the solar cells made in India has increased and with the beneficial policies of the government, the manufacturing costs will decrease as the industry grows and becomes more competitive.
(KNN Bureau)


KNN India

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