AKP Ferrocast Private Limited and AKP Foundries Private Limited belong to the AKP Group of Companies. AKP Foundries is a market leader in high quality Ductile & Gray Iron castings. AKP Ferrocast caters to the high demand in requirements of the customers for castings in higher weight range & in fully machined condition.
The company distinguishes itself by its high level performances, team work, meticulous quality control, capacity of production, the skills of our technicians, specialized engineers, efficient service, on time delivery. & also our state of the art equipment. One of the major advantages is that AKP Ferrocast has an in-house sophisticated CNC machine shop capable of providing the castings in fully machined condition with assembly & painting.
As a result, over the last few years, the company has been actively looking at solar as a possible means to reduce its carbon footprint. This is where SafEarth came in and helped make their dream become a reality. The Rooftop CAPEX Solar installation of 570 kW has helped AKP Ferrocast reduce 1197 tonnes of CO2 emissions a year.
Project Details :
| Characteristics | Value |
| Size | 570 kW |
| Commercial Operation Date (COD) | August 2020 |
| Type | Rooftop |
| Financing Mode | CAPEX |
| Execution Time | 3 Months |
| Annual Generation | 710,427 kWh |
| CO2 Reduction | 1197 Tonnes |
| Levelized Cost of Energy | > INR 1.5 / kWh |
*Graph of Total Annual Cash Flow
The exact details are confidential. This is for visual representation only.
The project closed with significant benefits to the off-taker and the company stands to save upwards of with the installation of the rooftop solar system by SafEarth.
Project Workflow
SafEarth is proud to be a part of this journey. This is how we helped their transformation:
Project Design:
Upon signing with AKP Ferrocast Pvt Ltd, SafEarth first visited the site and made a detailed engineering report for the project. The designed system optimized the generation and the return on investment of the plant. Best industry practices have been used in this system.
Vendor Selection:
The SafEarth team then selected 9 pre-screened vendors from the companies registered on our portal. All these companies are industry leaders.
Online Auction:
These companies were given a week to review the Detailed Engineering to help them ascertain their costs up to 99% accuracy. They then participated in an Online Reverse Auction on our Platform.
*Graph of Auction Analysis
The exact details are confidential. This is for visual representation only.
Negotiations:
After the auction, AKP Ferrocast Pvt Ltd selected a vendor from the 9 participating pre-screened vendors and held final discussions with this vendor. We worked with them to iron out various terms and conditions of the contract to arrive at a Win-Win scenario. This ensured protections for the client as well as the vendor.
Installation:
After the closure of the financing negotiations, the Vendor installed the plant on the roof of the industry following the best in industry practices. The plant has been set up using premium components and has been designed for top-grade performance.
Quality Assurance by SafEarth:
Before Commissioning and Handing over the plant, the SafEarth quality team visited the site and identified any punch points related to the project. The plant was handed over only after resolving these punch points.
Operations and Maintenance:
The O&M for the plant is now being done by the Vendor. The contract sets out clear benchmarks against which the output of the plant will be evaluated.
| Number of Bidders | 9 |
| Total Number of Bids | 32 |
| No. of Bidders Matching | 1 |
| Average Savings | ~ ₹ 6,000,000 |
| Closure Time – Post Auction | 15 Working Days |
Auction Summary
Final Outcome of Project
SafEarth has helped AKP Ferrocast Pvt Ltd reduce its carbon footprint by 1197 tonnes per year of CO2 equivalent and save over 60% of their electricity bills in the process. The Company was able to get the best quality solar plant without having to worry on any aspect of the project and as a result, they have awarded additional projects to SafEarth.
Ready to buy a solar system? Join us on our SafEarth Platform to get the best quality and prices for your system !
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