Valued at Rs 13.6 crore, the Floating Solar project is aimed to complete within 5 months.
Oriana Power Ltd, a company specialising in renewable energy solutions, has recently achieved a significant milestone by securing orders totaling 3.93 MW of solar power projects, amounting to Rs 17.49 crore. The most notable among these is a 2.75 MW Floating Solar project in Rajasthan. These projects are distributed across three Indian states—Rajasthan, Karnataka, and Haryana—demonstrating the company’s capacity to execute projects on a national scale.
The Floating Solar project in Rajasthan, commissioned by a renowned cement company and valued at approximately Rs 13.6 crore. The completion of the Engineering, Procurement, and Construction (EPC) phase for this innovative project is expected within the next five months. This venture marks a significant achievement for Oriana Power, reinforcing its position as a frontrunner in technological advancements within the industry.
Oriana Power has obtained two other orders including a 0.53 MW rooftop solar power project for a packaging company in Bengaluru and a 0.65 MW ground-mounted solar project for a textile company in Panipat, Haryana. Both projects are scheduled to be completed by the end of the current financial year (2023-24).
Anirudh Saraswat, the Co-founder & Chief Business Officer of Oriana Power Limited, expressed his views on the company’s recent successes. He highlighted that the acquisition of these orders is in line with the company’s commitment to expanding its capabilities and market presence.
These orders, encompassing varied geographic locations and requiring diverse execution skills, exhibit the expertise developed by Oriana since its inception. Saraswat emphasised that the 2.75 MW floating solar project is particularly significant, cementing Oriana’s leadership in the competitive sector of renewable energy.
Currently, Oriana Power boasts an impressive order book that exceeds 110 MW. This volume of orders is expected to generate substantial revenue for the company in the next six months, reflecting its ongoing success and growth trajectory in the renewable energy sector.
Established in 2013, Oriana Power has executed numerous solar energy projects in both Kenya and India. Their focus has been on delivering specialised and cost-effective solutions to large corporations, commercial centres, and industries throughout India. Oriana also has the responsibility of overseeing substantial renewable energy initiatives of Indian Public Sector Undertakings (PSUs) and Government Bodies on their behalf.