MediayearPost: 2016

Ø The company has set a target of 1 GW for the next financial year, out of which 500 MW, or 50 per cent, will come from southern states
Ø Hartek Power plans to make the most of the key developments in the solar sector in Andhra Pradesh, Telangana and Karnataka by tapping the business opportunities the upcoming projects will bring its way

Hyderabad, September 22, 2016: Riding the solar wave holding sway on South India, Hartek Power, one of India’s fastest growing solar EPC companies, is going all out to consolidate its operations in Andhra Pradesh, Telangana and Karnataka by targeting substation orders for at least 500-MW solar projects from these states in the next financial year.

With its expertise in connecting solar power to the grid standing it in good stead in South India, Hartek Power plans to make the most of the key developments in the solar sector in southern states by tapping the business opportunities the upcoming projects will bring its way. In pursuit of the 100- GW target for 2022, South India is focusing more on bigger solar projects, which will result in bigger orders for companies like Hartek Power.

Out of 500 MW of solar power, the company is aiming to connect to the grid in the current financial year, southern states will account for at least 150 MW, or about 30%. Taking a quantum leap in sync with the rapid progress that the country in general and South India in particular is making on the solar front, Hartek Power has set a target of 1 GW for the next financial year, out of which 50 per cent, or 500 MW, will come from southern states, a threefold increase as compared to 2016-17.

Known for its expertise in executing solar EPC projects, Hartek Power has installed substations for 258-MW solar projects (as on March 31, 2016) since it entered the business three years ago. Out of this, 70 MW, or roughly 27%, came from South India. Going by the sizeable orders bagged by the company in the first half of the current financial year, Hartek Power has raised the bar and set a target of connecting 500-MW solar projects to the grid in FY 2016-17.

“A total of 3-GW tenders are under execution in Andhra Pradesh, Telangana and Karnataka, presenting huge business opportunities. With southern states pressing the pedal on solar projects, Hartek Power is also setting higher targets accordingly. South India is the fastest growing solar destination, and we are doing everything to tap the opportunities this unprecedented growth will bring our way. Our target is to secure solar EPC orders for at least 500-MW projects from Andhra Pradesh, Telangana and Karnataka in 2017-18 on the lines of our latest success in Punjab where we have bagged half of the 500-MW orders,” said Hartek Power Chairman and Managing Director (CMD) Hartek Singh.\

Out of the 500-MW solar projects auctioned by the Punjab government recently, Hartek Power has bagged solar EPC orders for 250-MW projects, grabbing 50 per cent of the market share.

Hartek Group had successfully connected a prestigious 50-MW solar project spread over 220 acres to the grid in Anantapur district of Andhra Pradesh in March this year. The project happened to be Hartek Power’s first one in the state and its biggest in South India.

“What has clicked for us is our commitment to quality and timely execution of projects. We will leverage the successful execution of our 50-MW Anantapur project to strengthen our position in Andhra Pradesh and Telangana. This project has enabled us to stamp our authority as solar EPC specialists who religiously adhere to deadlines while maintaining the utmost quality. Targeting some key developers who have been allotted projects under recent tenders, Hartek Power will shortly open an office in Hyderabad to tap the Andhra Pradesh and Telangana markets, where most of our existing clients are among the successful bidders,” said Hartek Singh.

Hartek Power also has big plans for Karnataka, where it has commissioned substations for 20-MW solar projects and is executing another 90 MW, including a 50-MW project in Ittigi district which is scheduled to be commissioned by the end of this year. The company bagged a 40-MWproject in the state from a leading solar developer recently. “Having the largest pipeline of projects in the country at 3.3 GW, Karnataka presents immense opportunities,” said Hartek Singh.

Hartek Power will focus on the rooftop segment in Tamil Nadu, which happens to be India’s Number 1 state in rooftop solar. The company had done a 50-KW rooftop project in Chennai two years ago.

Ø These orders are spread across six states, including Punjab, Bihar, Karnataka, MP, UP, Maharashtra
Ø Known for its expertise in executing solar EPC projects, Hartek Power has installed substations for 258-MW solar projects since it entered the business three years ago
Ø Going by the size able orders bagged by it in first quarter, the company will cash in on the solar overdrive to cruise to the 500-MW target quite smoothly

Chandigarh, July 6, 2016: Riding on the solar wave, Hartek Power Pvt Ltd, one of India’s fastest growing Engineering, Procurement and Construction (EPC) companies based in Chandigarh, has bagged substation orders for 330- MW solar projects across the country in the first quarter of the current financial year. With these orders in its kitty, Hartek Power is poised to connect 500-MW solar power projects to the grid in the financial year 2016-17.

The 330-MW solar EPC orders bagged by the company include 10 substation projects of up to 132 KV spread across six states, including Punjab, Bihar, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra. Specialising in executing high-voltage turnkey substations and power infrastructure projects, Hartek Power will provide complete turnkey solutions for these projects and execute post-inverter works covering the design, engineering, supply, installation, automation and commissioning of the power plant electrification.

Known for its expertise in executing solar EPC projects, Hartek Power has installed substations for 258-MW solar projects since it entered the business three years ago. Going by the sizeable orders bagged by it this time, the company has raised the bar and set a target of connecting 500-MW solar projects to the grid in FY 2016-17. Hartek Power has done well to cash in on the solar overdrive that the country has shifted into since the government revised the National Solar Mission target for 2022 last year from 20 GW to 100 GW.

“Given the upbeat market sentiment, the renewed focus of the government on solar power and our unmatched expertise in providing grid connectivity to solar projects, we are expected to cruise to this target quite smoothly. Our commitment to quality and timely execution of projects has won us the trust and admiration of key developers in the Indian solar space,” said Hartek Group Chairman and Managing Director (CMD) Hartek Singh. Starting the year on a positive note by bagging 330-MW solar EPC orders in the first quarter itself, Hartek Power is looking to build on this momentum to accelerate its growth. “Having already made our presence felt in the Indian solar industry, which offers enormous business opportunities, we are now eyeing a considerable share in the country’s rapidly growing solar market,” said Hartek Singh.

Entering the solar EPC domain in 2013, Hartek Power commissioned substations for 45-MW solar projects in the very first year. In the following year (2014-15), the company executed EPC orders for 90-MW solar projects, taking the figure to 135 MW, a threefold increase. Hartek Power further consolidated its position in FY 2015-16 by providing grid connectivity to 123-MW solar projects spread across Punjab, Rajasthan, Andhra Pradesh, Bihar and Karnataka, thus enabling the company to register a nearly twofold increase as compared to the overall figure in the previous year. India’s installed solar generation capacity has gone up from 2.5 GW to 7 GW in a matter of just two years, offering a huge scope for growth to firms like Hartek Power.

Ø The 436-kWp project at Chandigarh Technology Park is the third largest solar PV project to be commissioned in the city after the ones at PEC, GCG-11
Ø CREST achieves success in private intervention area for the first time with the completion of this project, thus setting the pace for much-needed capacity additions in the commercial category

Chandigarh, June 1, 2016: Foraying into Chandigarh’s rooftop solar segment, Hartek Power Pvt Ltd, one of India’s fastest growing Engineering, Procurement and Construction (EPC) companies based in Chandigarh with expertise in executing rooftop solar and high-voltage substation turnkey projects, has successfully executed the city’s very first solar project in the commercial category at Chandigarh Technology Park in Kishangarh.

This 436-kWp project is the largest solar PV project to be commissioned in Chandigarh after the ones at Punjab Engineering College, Sector 12 (1,000 kWp) and Government College for Girls, Sector 11 (495 kWp), taking Chandigarh a step closer to becoming a “Model Solar City”.

While the Chandigarh Renewable Energy Science and Technology (CREST) Promotion Society has helped Chandigarh emerge as India’s Number 1 city in state intervention models for solar power generation by installing solar PV projects to the tune of 6.53 MW on the rooftops of 134 government buildings in the city (as on March 31), it is for the first time that CREST has achieved success in the private intervention area with the completion of this project, thus setting the pace for much-needed capacity additions in the commercial category.

The scope of work of the project included installation of solar panels and inverters, supply, design and engineering. The project was allotted in February.

Hailing the achievement, Hartek Power Chairman and Managing Director Hartek Singh said, “Having forayed into the rooftop solar segment only recently, we have installed more than 3-MW solar PV projects already and are in the process of completing another 10 MW in Punjab. The seamless execution of our first rooftop project in Chandigarh is a result of some great teamwork, and this is just the beginning. Rooftop solar installations will witness massive growth in times to come as this renewable source of energy will lead to sustainability and a clean future.”

Hartek Singh said that since lack of funds is a major constraint in the way of achieving the city’s revised target of 100 MW by 2022, private participation should be encouraged to give a push to solar power generation in the high potential residential and commercial segments. “With attractive power purchase prices in place, a lot more can be done to attract private investments to complement the State intervention model,” he said. Planning to enter the residential segment with its solar solutions, Hartek Power also specialises in connecting solar projects to the grid.

Ø Having completed its first and biggest project in the state and linked another 10 MW of solar power to the grid in Karnataka, Hartek Power is poised to soon wrap up the 113-MW order awarded by a leading solar developer in October
Ø With the commissioning of these substation projects, Hartek Power achieves its target of connecting 250-MW solar projects to grid by the end of FY 2015-16, sets out on a mission of executing another 250 MW in current financial year

Chandigarh, April 15, 2016: Hartek Power Pvt Ltd, one of India’s fastest growing Engineering, Procurement and Construction (EPC) companies based in Chandigarh with expertise in executing high-voltage turnkey substations and power infrastructure projects, has successfully connected a 50-MW solar project to the grid in Anantapur district of Andhra Pradesh.

The scope of work of the 132/11 KV substation project, which happens to be Hartek Power’s first one in the state and its biggest in South India, involved complete turnkey solutions and post-inverter works covering the design, engineering, installation and commissioning of the power plant electrification and automation systems as well as pooling stations.

With the completion of this project, followed by the execution of a substation with an evacuation of 66 KV for a 10-MW solar project in Chitradurga district of Karnataka, Hartek Power is all set to wrap up the 113-MW order awarded to it by a leading developer in October for solar grid connectivity projects spread across five states, including Andhra Pradesh, Karnataka, Rajasthan, Punjab and Bihar.

Hailing the achievement, Hartek Group Chairman and Managing Director (CMD) Hartek Singh said, “Having achieved the target of connecting 250- MW solar projects to the grid by the end of financial year 2015-16, we have now set out on a mission of executing substations for another 250- MW solar projects by the end of the current financial year. We uphold high quality standards and create immense value for our clients in terms of services and timely execution. That explains our growth as one of the fastest-growing EPC companies in India.”

Hartek Power is eyeing new opportunities in South India with the Andhra Pradesh and Telangana governments proactive on the solar front and other southern states also following suit. While Andhra Pradesh came out with a 1,000-MW tender for a solar park in September, followed by another 1,000-MW tender in Kadapa district recently, Telangana had also floated a 2,000-MW tender last year. “Targeting some key developers who have been allotted projects under these tenders, we will shortly open an office in Hyderabad to tap the South Indian market,” said Hartek Singh.