- Nitin Mamodia, Director, Premier Solar Powertech
Nitin Mamodia, Director, Premier Solar Powertech is optimistic about achieving grid parity. He feels that the solar PV industry has a tremendous edge over other technologies as it has huge efficiency enhancement possibility with current solar modules.
You have emerged as one of the largest solar EPC Company in the country with PV manufacturing experience, since we have very few players in this space, does solar as a sector poses difficulties for EPC players?
Premier Solar takes pride in itself by having a presence in all vertical of the solar value chain, viz. manufacturing, engineering, procurement and construction (EPC) and development. This helps us in keeping innovating our EPC solutions keeping in line with continuous change in the market dynamics. Having developed our own solar power plants in the first phase of JNNSM, we understand the difficulties faced by developing it. This experience has also helped us in understanding how project timelines, budget and technical solution affects the immediate financial viability of the project, but long term sustainability too. Similarly, our operation and maintainance (O&M) experience of several solar PV assets has given us an edge by making us understand several pain points during operation of the plants and how they can be effectively addressed at the project execution stage itself thereby generating optimal returns to the investors. With our 20 years of PV manufacturing experience, we are best equipped to understand the ever changing PV module market dynamics, which play the key role in the overall viability of the solar PV project. Hence, we believe that with our varied experience and know-how in the solar PV industry, we have an advantage to offer most optimised EPC solutions.
How much capacity of solar PV do you expect to commission in this fiscal year?
We are glad to share that we have presence in all types of solar PV projects of solar mini grids to solar diesel hybrid and finally, utility scale MW projects. Till date, we have, undertaken more than 150 solar PV plants. Our current order book crosses 70 MW of solar PV projects
Some of our projects include the largest ever solar DG Hybrid project (1.65 MW) on an island having no grid connectivity, a floating solar plant at Hon' Governor estate, a canal top project in Bihar and a terrace top car park solar plant for a Hyundai service centre. With larger order book, we are at a financially sound position in terms of procurement of key items in solar PV projects, thereby giving extra services to our clients when it comes to timely delivery and better pricing.
How is the growth of the company over the years?
We started our operations in 1995 with a small PV module manufacturing unit. With a focus on quality and customer services, we have now grown manifolds and our customer base includes Europe, Africa and SAARC countries. Today with 70 MW plus order book, we are in line with our growth plans and will keep on striving to enhance our quality driven approach which we believe is a key success for our progress.
What are the projects that the company is currently working on and can you share some of your unique experience in Solar PV projects?
Our current projects include:
I would like to share an experience of our African project, which is one of the largest DG - Solar Hybrid Project in the world. Awarded to us by a European agency, this prestigious project has been unique in terms of high-end technology wherein we managed to run the plant as grid-tied plant as there was no grid availability at the location. In this project, single axis tracking technology is been used to harness maximum solar power. Meanwhile, foundation design of the project has its own challenge as the plant came upon a tough soil conditions ( highly loose) due to paucity of space.
Industry people estimate that grid parity will be achieved in India by 2017. What is your assessment on this?
As rightly said, we are almost close to grid parity and there is no reason that we could not reach the desired levell as early as 2017. Solar PV industry has a tremendous edge over other technologies as it has huge efficiency enhancement possibility with current solar modules being at 16 - 20 per cent efficiency. This means, going further as we progress on this front, and keep optimising our overall solar plants, there are good chance of reaching grid parity.
Utility solar plant pricing has seen tremendous fluctuations in the last few years. What is your view on this?
Solar PV plant pricing has witnessed a continuous fluctuation, majorly due to reduction in PV module pricing. It has certainly helped industry to reach grid parity. Going forward, you must have witnessed that in the last one year module pricing has almost stabilised. It is also expected to reduce further. This only means that plant optimisation in terms of better designing and delivery is now a key element for achieving viability. As a quality focus company, our approach has always been to use best materials / items, as a standard for all our projects thereby having excellent relationships with all consistent vendors, which gives us a competitive advantage in terms of pricing and delivery timelines.