One of India’s oldest power companies, Jakson Group, plans to increase its solar manufacturing capacity to 1.5 GW by 2020.
Apart from increasing its module manufacturing capacity, the company plans a foray into the solar cell manufacturing business as well. The total capacity of the manufacturing facility would be 1.25 gigawatts, comprised of 1 gigawatt of module manufacturing and 250 megawatts of cell manufacturing.
According to Sameer Gupta, chairman and managing director of Jakson Group, company will invest Rs 700 crores ($107 million) in the new manufacturing plant which will be located in Gujarat. The investment would be made in two phases. In the first phase, the capacity of 500 megawatts of solar modules would be set up. In the second phase, another 500 megawatts of solar module manufacturing and 250 megawatts of the solar cell production facility would be set up.
The company currently operates a 70 megawatt manufacturing facility in Noida for monocrystalline and polycrystalline modules besides an installed capacity of 500 megawatts of module mounting structures. The company is also targeting the export market, which includes countries in West Asia and Africa for EPC business. The company has already appointed 12 dealers for selling modules and offering retail solutions in the export market. It plans to put up 450 megawatts of solar projects through EPC by the end of 2017.
Earlier this year in July, the first solar-powered train project in India was commissioned by Jakson. The solar panels were installed on the rooftop of Diesel Electric Multiple Unit (DEMU) train coach which can power lights, fans, and other electrical items in the train. The installed solar panels on train are expected to offset 21,000 liters of diesel, thereby saving Rs 12 lakh ($18,460) every year.
Jakson has invested heavily in the solar energy sector in the past few years, with 60 megawatts of ground mounted and 6.5 megawatts of rooftop solar operational projects.