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Surana Telecom acquires Arhyama Energy Private Limited

Company proposed to setup 10MW solar plant at Nalgonda district of Telangana State

Hyderabad, Wednesday April 15, 2015: Telecom and solar energy major Surana Telecom and Power Ltd, today acquired majority stake of 51% in Arhyama Energy Private Limited, a renewable energy company, situated at Nalgonda District, in Telangana State.

The company has proposed to setup a 10 MW Solar Power Plant at Kolanupaka Village, situated in the Nalgonda District of Telangana State for which the project company has entered into long term PPA with a Multi-National Company for supply of power under Open Access Route. The total investment outlay is estimated to be Rs. 82.80 Crore. The proposed project will also be titled to REC benefit and is expected to be commissioned by December 2015.

Surana Telecom and Power Ltd is successfully running its 5 MW Solar Power Project situated at Gujarat Solar Park, Charanaka Village, Santapur Taluk, Patan District, Gujarat and 5 MW Solar Power Plant through its subsidiary M/s Surana Solar Systems Private Limited at Shankapur Village, Shankarampet Mandal, Medak District, Telangana.

Further 10 MW Solar Power Project is under construction/implementation through subsidiary M/s. Celestial Solar Solutions Private Limited at Tingloor Village, Madhugiri Taluk, Tumkur District, Karnataka.

This takes the total installed and under execution capacity to 30 MW in the Company and through Subsidiaries.

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