Shakti Pumps bags ₹268.88 cr solar pump order from MSEDCL
In a significant development for the renewable energy sector, Shakti Pumps (India) Ltd has been empanelled by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply and install 34,720 off-grid solar pumps under the Pradhan Mantri Kusum (PM KUSUM) B scheme. This initiative is aimed at strengthening the adoption of renewable energy solutions and promoting sustainable agriculture practices.
The PM KUSUM scheme, launched by the government of India, aims to promote the development of decentralized solar power plants in the country. The scheme provides financial assistance to farmers to install solar pumps and other renewable energy-based irrigation systems, enabling them to reduce their dependence on grid electricity.
In a remarkable turn of events, Shakti Pumps has bagged a massive order worth ₹268.88 crore for the supply and installation of 10,000 off-grid solar pumps in the first phase. This significant achievement reflects the strong demand for solar pumps among farmers, who are increasingly recognizing the benefits of renewable energy solutions.
Shakti Pumps, a leading manufacturer of solar pumps and renewable energy solutions, has been at the forefront of the solar revolution in India. With its state-of-the-art manufacturing facilities and a strong distribution network, the company is well-equipped to meet the growing demand for solar pumps and other renewable energy solutions.
The PM KUSUM scheme is expected to have a significant impact on the Indian agriculture sector, which is the backbone of the country’s economy. The scheme aims to promote sustainable agriculture practices, reduce the carbon footprint of farming operations, and provide farmers with a reliable and cost-effective source of energy.
The benefits of solar pumps are numerous. They offer farmers a reliable source of energy, reducing their dependence on grid electricity and enabling them to irrigate their crops without interruptions. Solar pumps are also environmentally friendly, producing no emissions or pollution, and reducing the country’s carbon footprint.
In addition to the environmental benefits, solar pumps can also help farmers reduce their energy costs. With the cost of solar energy decreasing significantly over the years, solar pumps offer a cost-effective alternative to traditional irrigation methods. This can help farmers increase their profits and improve their overall financial sustainability.
Shakti Pumps’ order from MSEDCL is a significant milestone in the company’s journey to promote renewable energy solutions in India. The company has been at the forefront of the solar revolution, and this order is a testament to its commitment to sustainable development.
In conclusion, Shakti Pumps’ order from MSEDCL is a significant achievement that reflects the strong demand for solar pumps among farmers. The PM KUSUM scheme is an important initiative that aims to promote the adoption of renewable energy solutions in the Indian agriculture sector. With its state-of-the-art manufacturing facilities and strong distribution network, Shakti Pumps is well-equipped to meet the growing demand for solar pumps and other renewable energy solutions.
