~Mr. John Kerry, United States ex-Secretary of State and Prof. M Jagadesh Kumar, Vice-Chancellor (JNU) jointly inaugurated the rooftop solar plant ~
New Delhi, 10th December 2018: A 500 kWp solar rooftop plant, commissioned by Fourth Partner Energy for Jawaharlal Nehru University (JNU), New Delhi, was jointly inaugurated by United States ex-Secretary of State, Mr. John Kerry and Vice Chancellor of JNU, Prof. M. Jagadesh Kumar.
JNU, which implemented the project under SECI’s 1000 MWp Grid-Connected Rooftop Solar PV System Scheme for Government Buildings, will enjoy solar power at a flat rate of INR 3.39 per unit for 25 years, thereby helping the University save over 60% in power costs for the equivalent electricity generated. The project spread across 8 buildings was executed in a record 42 days and will help cut carbon emission by ~700 tons per year which is equivalent to planting nearly 32,000 trees.
Under the SECI scheme, the cost of setting up the solar power plant and its maintenance is undertaken by the developer, Fourth Partner Energy for which state-wise a pre-decided flat rate is charged for a flat tenure of 25 years. Other prominent government clients for whom Fourth Partner Energy has commissioned projects under the scheme include Nagpur Metro, CRPF, NIT-Warangal, NIT-Bhopal, NIFT- Jodhpur, Army Public School (New Delhi), South Delhi Municipal Corporation (SDMC), National Institute of Solar Energy (NISE), and Central Water and Power Research Station.
Prof. M. Jagadesh Kumar, Vice-Chancellor of JNUsaid that “In support of Government of India’s Green initiative of reaching 99,533 MW solar power by 2022, JNU on its part has begun to install solar power grid since 2017 in the campus.” The Vice-Chancellor further said “JNU in association with Fourth Partner Energy has taken a step forward towards generating green energy in the campus. Further expansion of solar energy generation and conservation has also been planned to realise maximum capacity of solar power generation of 2 MW.”
Brajesh Kumar Sinha, Vice President – Business Development, Fourth Partner Energy said, “JNU is a world -class University, and it was our privilege to be associated with them on this project. We are happy to see their initiative in leading the way for educational institutions to become more environment friendly and promoting sustainability initiatives. We believe that our vast experience in executing and maintaining over 1600 solar plants across 22 States helped us bag this prestigious project.”
Founded in 2010, Fourth Partner Energy is India’s leading distributed energy management company with complete in-house capabilities across design, engineering, construction, service, monitoring and financing. One of the Company’s main offerings is solar power under long term power purchase agreements leading to significant cost savings for industrial, commercial as well as public sector clients. Earlier in June 2018, the company raised USD 70 million from The Rise Fund.