With the increasing demand for energy and unprecedented rise in prices of conventional electricity along with worsening weather conditions, everyone is getting pushed to go solar. Corporations are more likely to hire PMCs (Project Management Companies) to assist them in incorporating environment-friendly energy sources into their energy mix.
The increasing demand for solar energy has also made this market competitive. Because of cutthroat competition, low margins, and restricted project flow, it is challenging for EPC businesses to employ full-time engineers. As a service provider, SLNKO has identified a need for high-quality Engineering and Project Management Services (PMC). The company operates in the fiercely competitive solar sector, particularly for EPCs and project developers.
By integrating the newest energy trends, SLNKO Energy, which started as a project management firm in January 2020 after beginning as a provider of engineering services, is assisting clients to use their energy resources more efficiently and reduce expenditures while making sure businesses comply with environmental laws.
The three significant challenges the company deals with are Engineering, Procurement/Supply Chain Management, and Site Management. The pur¬pose of SLNKO is to serve as a one-stop solution provider for EPCs and Developers. The supply chain is vital because the cost is a function of quantity multiplied by price.
As a result, the corporation could dig deeper and reduce the amount of engineering. However, the prices at which the various EPCs are purchasing goods vary greatly.
SLNKO brings manufacturers producing quality products in Solar Sector under a single roof, which allows EPCs and Developers to get very competitive rates for the same material. To improve openness, equity, and competitiveness in the SME sector's procurement system, the company embraces the Integrity Pact. In the site management part of its services, the company deputes site engineers to monitor the workforce and workman¬ship quality.
Entails a Client-centric Approach
“Client's first goal is to reduce project costs and increase margins. Secondly, the quality of the material must come from a reliable supplier and fit into their category. Last but not the least, installation needs to be done properly and according to the site's specifications by an experienced engineering team. Our in-house engineering team has completed projects totalling more than 2.0 Giga Watts, which is a sizable amount for the solar sector. We have the latest software and qualified team members to run it. We've positioned ourselves as a platform that doesn't charge the vendor (manufacturers/service providers) anything. As a result, we do not receive a two-way flow of income; instead, we solely receive payment from clients for our services.
It helps us to minimize the project cost of our clients which enables them to be competitive”, explained Bibhuti R. Dubey, Director, Slnko Energy. To promote industry innovation, Slnko's internal software takes advantage of current technologies. A site management tool called Protrac functions as a site manager, updating the site's footprint on daily basis. Given the project lifecycle of four to five months in general, it is impossible to recall and record what happened three months ago. Protrac allows customers to have the entire project's history at their fingertips. It also allows them to take necessary actions to complete the project by the deadline.
The company has a pool of EPC which allows it to have a series of orders for every vendor
Slnko's goal is to establish itself as a global project management company as it has already dealt with international projects. Moreover, the organization has worked for many top companies, including EESL, NTPC, NGSL, GAIL, BPCL, and many more. Recently, the company was the most significant contributor to the PM KUSUM Yojna, working on it across India. The company is also spreading its footprints in the business of construction management and Green Hydrogen, which is the next big thing in the world.
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