Greenam Energy lays the foundation stone for a floating solar power plant in Tuticorin

COIMBATORE: Greenam Energy, an AM International group company with a focus on introducing new-age green and sustainable technologies, conducted the foundation laying ceremony for the construction of its 24MW floating solar power plant at the Tuticorin factory complex of feriliser maker SPIC (Southern Petrochemicals Industries Corporation).

This floating solar power plant would be located on SPIC’s large water reservoir inside the Tuticorin plant. “As no land is required for construction, floating solar plants are gaining popularity across India. Also, the water beneath keeps the panels cool and boosts efficiency, thus providing mechanical leverage,” Greenam said.

Greenam Energy is a wholly owned subsidiary of AM International Holdings, Singapore. Ashwin Muthiah, founder chairman of AM International Group, is also the chairman of SPIC. “Once the project is complete, it will supply electricity to SPIC, and the excess will be sold to the state power utilities,” Greenam stated.

“It will lead to significant energy cost savings and reduce the dependence of the company on its external power suppliers,” the company said. EDAC Engineering, a SPIC group company, is undertaking the construction of the project that is owned by Greenam. EDAC Engineering Ltd, a SPIC group company, is undertaking the construction of the project owned by Greenam Energy.

“Various state governments and corporations are turning to solar power in a bid to reduce their dependence on coal for electricity generation. The tropical climate of southern India and availability of water bodies provide ideal opportunities for the construction of floating solar power plants,” Greenam said.

“We believe that the key to a sustainable future lies in effectively harnessing green energies. We continue in our efforts to employ new technologies and reduce carbon footprint,” Muthiah, who laid the foundation stone for the project, said.