Titan Energy Systems partners with Ortiz Energia to offer
EPC Services & Solar Power Plant Development in India
Hyderabad, March 29… India’s leading and well established solar PV module manufacturer and solar power plant EPC provider, Hyderabad-based Titan Energy Systems Ltd. (TESL) partners with Ortiz Energia, a subsidiary of Grupo Ortiz, a €600mn Spanish Group. This partnership is primarily to offer EPC (Engineering, Procurement, Construction) Services and Solar Power Plant Development in India.
Disclosing this while addressing a joint press conference by Titan Energy Systems Ltd, Ortiz Energia Group and PIH Energy here in Hyderabad today, Mr. Rao SYS Chodagam, Founder and Managing Director of Titan Energy Systems Ltd said “the partnership is to jointly develop over 300MW of solar power plants in India, in addition to offering world class EPC and O&M services to independent power developers.” He also stated that this parnership would assure Titan an annual module sales of over 50 to 75 MWp to meet the requirements of these projects that are to be jointly executed.
This partnership with Ortiz Energia includes Ortiz’s development partner PIH Energy, added Mr. Rao.
Speaking on the occasion Mr. Juan Camilo Echeverri, spokesperson for Ortiz Energia and PIH Energy, said “Ortiz Energia-PIH Energy after undertaking a due-diligence of major markets in the world, confirm with this partnership, that the Indian market offers a large growth potential in the energy sector, along with advantages of a fast growing economy and political stability. Under this partnership, Ortiz Energia and its development partner PIH Energy plan to bring their global expertise in development, EPC and operations of large power plants in Europe to India.”
Ortiz Energia-PIH Energy will also provide global sourcing and financing assistance to the partnership. Ortiz Energia has partnered with Titan, given its existing local presence in the solar industry as a leading PV module manufacturer and EPC services provider. The companies believe that their partnership offers a good mix of global expertise and local knowledge to the fast growing solar industry. The Ortiz Energia-Titan team will be offering their EPC and O&M expertise to existing solar power developers under various central and state government solar policies.
The partnership bring together the manufacturing and local know how of 20 years from the Titan Group, 50 Years of EPC in Infrastructure and Energy from Ortiz Group and 35 Years of experience in product sourcing, development and financing from PIH Energy. Further, Mr. Juan Echeverri stated “Our combined history and long term vision in the solar renewable sector will allow us to invest in India in the next 5 years of over €500 million made up of local/international equity, long term financing, sourcing of material and human resources”.
‘Grupo Ortiz’ has five main lines of business: Construction, Real Estate, Public Works, Energy and International. 50 year old, Ortiz group has four subsidiary firms amongst its 25 group companies, focusing in the Energy Area. Ortiz Energia has developed and maintains over 200MW of assets in renewable energy space including solar PV, CSP, wind and biomass. Ortiz Group is active in Poland, Peru, Colombia, Italy, France, Chile, Mexico, Brazil, Panama, Spain and currently entering India, South Africa and Dominican Republic.
Titan Energy Systems Ltd has one of country’s largest module manufacturing facilities of 100MW capacity, alongwith end-to-end expertise in system integration, power plant design, engineering, construction and O&M services.
About ORTIZ GROUP and ORTIZ ENERGIA
ORTIZ GROUP is an established Construction group of companies with more then 50 years of outstanding history and extensive experience. ORTIZ GROUP has five main lines of business: Construction, Real Estate, Public Works, Energy and International. Today the ORTIZ GROUP, a 100 % privately held Spanish company with 2011 revenues of over 600 Million Euros, Total Assets 835 Million and Net worth of over 300 Million.
ORTIZ ENERGIA is a leader in the Renewable Energy sector with over 200Mw of EPC experience in various Renewable Technologies such as PV, CSP, Wind with additional experience in cogeneration, biomass, transport and distribution of MT/HT, Electrical, mechanical, conventional power stations (Coal, Nuclear, fuel combined cycle) and Maintenance and Operations. As a Group, it currently owns and operates 50Mw in CSP and 50 Mw of Wind.
About PIH Energy
PIH Energy is a power development company founded in 2009 by a team of professionals specialized in the development, financing, execution and operation of Renewable Energy projects. With combined experience of the management team in the Renewable Energy sector totaling more than 35 years.
PIH Energy supports energy-intensive private industry, public bodies, project developers, investors and financial institutions in the analysis, development and execution of projects in the Renewable Energy sector.
PIH’s core business areas are the promotion, development and construction of Utility scale ground-mounted photovoltaic and Wind Power Plants. Currently the company is diversifying its portfolio in India (70Mw), Mexico (60Mw), Chile (10Mw) and Middle East (50Mw).
About Titan Energy Systems Limited
Titan, established in 1991, has over 20 years of experience in solar PV manufacturing, EPC and O&M services. Titan, has a 100MW state-of-the-art solar PV module manufacturing plant near Hyderabad. Additionally it has end-to-end expertise in offering turnkey solutions for solar power plant EPC and O&M services. Titan with over 200 employees has been serving some of the largest and most demanding international markets and customers in Europe, US and Asia. The focus on product quality, manufacturing excellence and customer service has allowed it to win and sustain long-term supply contracts with some of the world’s leading energy players. In addition Titan also offers system integration and custom solution development for off-grid solutionsfor semi-urban and rural markets across the country. Titan also offers O&M services to several solar power plants across India.
By: D. Ramchandram