August 15, 2013 - Deccan Water Treatment has bagged order worth $62 million (around Rs 378 crore) to set up 31 Megawatt power plant on PV technology for solar electricity generation from Nairobi-based Piedmont Investments. This project will be executed and commissioned by the end of August 2014.
"We have bagged this order for 31MW power system and are targeting to touch Rs 500 crore sales turnover in two years from Rs 100 crore in 2013," said Anirban Sarkar, founder, Deccan Water Treatment.
He added, "The company had entered the field of solar energy in 2010 and have so far received orders for 75MW solar power projects not only in India but also overseas. Out of the 75MW we have completed two orders in Jodhpur, of 5MW with tracking arrangement and 10MW solar PV plant without tracking arrangement, which have been completed within 8 and 6.5 months respectively."
According to Sarkar, it has two more projects in hand of 50MW in Middle East at Umm-Al-Quwain of UAE and 10MW at Gadchiroli in Maharashtra. Out of the total 400 villages, the first power plant, which will be operational by the end of fiscal 2013, will provide electricity to about 100 villages. The company is targeting to touch Rs 500 crore sales turnover in two years from Rs 100 crore turnover clocked in fiscal 2013.