Martifer Solar, Sa And Inspira Projects, Ltd Join Hands And Incorporate A New Jv For Solar Pv Market

Sept. 21, 2012 - PRLog -- Martifer Solar, SA, a Portuguese Company rated amongst the biggest PV EPC Contractors in the world and Inspira Projects Ltd, an Indian Company specialized in Infrastructure, have set up a joint venture for the Indian market.
In this partnership, Martifer provides its know-how in the photovoltaic sector, with its international experience and extensive track record of over 250 MW installed worldwide and Inspira Projects Ltd offers its in-depth knowledge of the local market.
Inspira Martifer Solar aspires to provide international standard EPC to Solar PV Power Project developers in India. Besides, it also seeks to offer operation & maintenance of the existing PV power plants through its local presence and experts monitoring the plant through central monitoring system located in Portugal.
“Our main commitment is to set up a solid company in India, with an excellent reputation amongst its customers, giving them access to the world’s highest standards and good practices in terms of construction of photovoltaic projects,” said Paulo Soares, CFO of Inspira Martifer Solar.
The main sources of energy in India are oil, natural gas and coal, and thus opting for clean energy such as photovoltaic solar power encourages environmental sustainability in a country that is experiencing rapid economic development.
“In a country in which almost 400 million rural inhabitants have no access to the power grid, photovoltaic solar solutions can become an important business for Inspira Martifer Solar, from a point of view of sustained medium-term development,” said Shrirang Bhandiwad, CEO of Inspira Martifer Solar.

ABOUT MARTIFER SOLAR

Martifer Solar is part of the Martifer Group, a multinational industrial group with more than 3,000 employees focused on metallic constructions and solar energy. Martifer SGPS, SA is the holding company of the Group and has been listed on Euronext Lisbon since June 2007.
Martifer Solar is present all over the world, focusing on EPC, O&M and the distribution of PV modules and components, via its subsidiary MPrime.
The company is based in Portugal and has presence in Europe (Spain, Italy, Greece, Belgium, France, Czech Republic, Slovakia, United Kingdom, Germany, Romania and Ukraine), North and Latin America (United States, Canada, Mexico, Chile, Brazil and Ecuador), Africa (Cape Verde, Mozambique and South Africa) and Asia (India, United Arab Emirates and Singapore).
In 2011, Martifer Solar revenues reached 293.2 million euros and, to date, have implemented more than 250 MW of photovoltaic solar energy worldwide.
LEARN MORE AT WWW.MARTIFERSOLAR.COM

ABOUT INSPIRA PROJECTS LTD

Inspira Projects Limited (INS) is a company set up under the Indian companies law of 1956, with its core business focused on infrastructure. It is an integral part of the Ajanta Pharma Group, which works in the health sector across the globe.
INS is focused on developing infrastructure with interest in developing Special Economic Zones, golf, solar power, etc.
The group is developing two Special Economic Zones (SEZs); one for the Pharmaceutical Industry, and another for the Renewable Energy industry. Both projects involve supplying infrastructure integrated for each industry to ensure balanced development and adopting a walk-to-work concept.
The group has also developed a 25 MW solar power generation project in Gujarat state. The project is tied to the regional government, which will purchase the power generated by the plant for a fixed fee for 25 years. The group is assessing more projects in this area and envisions installing a further 100 MW over the next two years.
LEARN MORE AT WWW.INSPIRAPROJECTS.COM