Tuesday, October 22, 2019
News
NEWS HOME
»
PRESS RELEASES

Greenam Energy Lays the Foundation for One of India’s First Floating Solar Power Plant
  SocialTwist Tell-a-Friend  
   


Date: 15-04-2019 4:57PM
Source: AM International
Category: General, Environment, Natural Resources/ Forest Products, Social Issues, Energy Companies, Events And Conferences, Technology
Location: Singapore & Chennai, Tamil Nadu, India

Business Wire India

Mrs. & Mr. Ashwin Muthiah, Founder Chairman, AM International Group, Singapore at the foundation laying ceremony.
Mrs. & Mr. Ashwin Muthiah, Founder Chairman, AM International Group, Singapore at the foundation laying ceremony.

  • Mr. Ashwin Muthiah, Chairman, Founder Chairman, AM International Group, Singapore, laid the foundation stone for the floating solar power project
  • The floating solar power plant located in SPIC’s Tuticorin plant will lead to significant energy savings

Greenam Energy Private Limited (Greenam), an AM International group company with a focus on introducing new-age green and sustainable technology, conducted the foundation laying ceremony for the construction of its 24 MW floating solar power plant. Mr. Ashwin Muthiah, Founder Chairman of AM International Group, Singapore, laid the foundation stone for the project, in an event at the SPIC’s Tuticorin factory complex. The project is a one-of-its-kind and one of India’s first floating renewable energy initiative to optimise energy production in industrial plants. It showcases AM International groups commitment to promote eco-friendly alternatives and seek self-sufficiency in the operations of its various group companies.

Speaking on occasion, Mr. Ashwin Muthiah, Founder Chairman, AM International Group, Singapore, said, “Greenam Energy will spearhead sustainable and green energy initiatives across the AM International group by bringing world-class technology and expertise. At AM International, we believe that the key to a sustainable future lies in effectively harnessing green energies. We continue in our efforts to employ new technologies and reduce carbon footprint. This project, one of the latest floating solar power plants in India, is a milestone in our attempts to promote the usage of renewable energy sources. The floating solar power plant will be one of the country most significant projects with technology comparable to the best in the world.”

Once the project is complete, it will supply electricity to SPIC, and the excess will be sold to the state power utilities. It will lead to significant energy costs savings and reduce the dependence of the company on its external power suppliers. This 24 MW floating solar power plant will be located on the company’s large water reservoir, inside the company’s Tuticorin plant premises. EDAC Engineering Ltd., a SPIC group company, is undertaking the construction. The project is owned by Greenam Energy, a wholly owned subsidiary of AM International Holdings, Singapore.

As no land is required for construction, floating solar plants are gaining popularity across India. Also, the water beneath keeps the panels cool and boosts efficiency, thus providing mechanical leverage.
?
Various state governments and corporations are turning to solar power, in a bid to reduce their dependence on coal for electricity generation. The tropical climate of Southern India and availability of water bodies provide ideal opportunities for the construction of floating solar power plants.

Greenam Energy’s current project is one of the latest solar power plants in India and an ambitious large-scale project. The company plans to continue its endeavour of promoting renewable energies and sustainable practices.About Greenam Energy Private Limited

Greenam Energy is committed to introducing new-age technology to optimise energy production norms in a sustainable and green manner. A wholly owned subsidiary of AM International Singapore, it currently is focussed to deliver state of the art green energy projects to various group companies to enable clean and environment-friendly manufacturing best practices.

Website: https://aminternational.sg/businesses/green-energy/?

About AM International

AM International is a diversified, multinational group of companies with a federated operating architecture. Headquartered in Singapore, it has been trusted by millions of customers for over six decades. Today, many of the group’s businesses are market leaders with footprints across South East Asia, India and the United Kingdom. The group’s business verticals include fertilisers & supply chain, petrochemicals, infrastructure, healthcare and green energy. The group’s CSR activities are helmed under the AM Foundation and its initiatives are focused on providing clean drinking water, preventing water contamination and solving the sanitation crisis.

Website:
www.aminternational.sg


More Press Releases

AROMA BIT Secures 350mn JPY in Series A Funding from Japan Tobacco and East Ventures

Alibaba Kicks Off 2019 11.11 Global Shopping Festival

Delhi’s Vivaan Gupta Becomes the Youngest Indian to Travel All Continents of the World

Growing Sustainability Concerns Will Shape the Indian Soft Drinks Industry

Retrospective Real-World Comparative Analysis Highlights Safety of Vedolizumab and Anti-TNFa Therapies in Biologic-Naïve Patients with Ulcerative Colitis or Crohn’s Disease

ADX Group Announces IPO Progress, New Cyber Security Offerings

Delta Launches Its Latest Power Quality Solutions and 4K Laser DLP® Video Wall for Railway Transportation at IREE 2019

Kartik Mohindra Now a Part of Keepers of the Quaich, a Global Celebration of Scotch Whisky

Topcoder On-Demand Digital Talent Platform Includes New Data Science, AI Features to Advance Enterprise Analytics

Marconi Society's Celestini Program Recognizes Indian Students Tackling Women's Safety & Air Pollution

Market Leading Manufacturing Companies in India Recognized for Their Global Competitiveness

Winners of “Merck More Than a Mother” Fashion Awards - Zambia Announced by Merck Foundation With the Aim to Break the Stigma Around Infertile Women

Raysut Cement Subsidiary, Pioneer Cement, to Develop USD200 Million Georgia Cement Project

Sparkling Diwali Offers: #JustEMI Your Purchases With Bajaj Finserv During Flipkart’s Big Diwali Sale

New Research Reveals Updated Patient Preferences on Digital Health Technology

The Federal Councilor, Simonetta Sommaruga of Switzerland, Department of Environment, Transport, Energy and Communications, Visits the ABB Ability Innovation Center in Bengaluru

RIMES Opens New Operational Hub in Manila

Bina Modi Conferred With Ph.D., Honoris Causa by Dr. K.N. Modi University

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Gourmet Kashmiri restaurant opens in Lut...
Delhi HC issues notice to EC, Centre on ...
Nothing unconstitutional about dividing ...
Govt employees of UT of J-K, Ladakh to g...
PNB scam: Two fresh applications filed i...
Motihari shelter home: 2 girls found, 2 ...
More...    
 
 Top Stories
Nationalism dominates SL prez poll ... 
Banking ops affected due to bankers... 
Chile mass riots toll increases to ... 
Kartarpur project a positive develo... 
Microsoft acquires Cloud file migra... 
BSP leaders' face blackened, parade... 
'Sanju' bags award at Australian In... 
France Football gives explanation o...