Amara Raja Infra Pvt Ltd (ARIPL), part of the USD 1.75 billion Amara Raja firm, has accomplished a significant achievement by obtaining a new solar project worth USD 130 million in Bangladesh. Amara Raja said the venture serves as ARIPL's entry into the international solar market, marking a new milestone for the firm. The scope of the project, which contains the Engineering, Design, Supply, Installation, and Commissioning of a 100 MW (AC) Solar PV Power Plant, will be funded by the Exim Bank of India, it said.
ARIPL, in partnership with Premier Solar of Hyderabad, obtained the project from Rural Power Company Ltd (RPCL) in Bangladesh. The project spans 326 acres at Madarganj in Jamalpur District and will be finished in the next 18 months. After the project is commissioned, ARIPL will also offer comprehensive operation and maintenance services for two years, along with warranty spares and consumables.
"It is an extraordinary achievement for the Amara Raja Group to have obtained this deal amidst stiff competition from industry giants. In a short period of time, we have taken on some of the biggest renewable energy projects in India, and with this project, we can establish ourselves as a serious player in the international market as well," Vikramaditya Gourineni, Director, Amara Raja Infra Pvt Ltd said. With this win, ARIPL solidifies its reputation as a leading player in the renewable energy industry, both domestically and internationally. With the current project of 100 MW (AC) in Bangladesh, the company now has a solar portfolio of 1 GW in the pipeline.
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