Ranganayaka Spinning Mills Pvt Ltd is a Non – govt company, incorporated on 26 June, 2006. Ranganayaka Spinning Mills Pvt Ltd is majorly in Manufacturing (textiles) business from last 18 years and currently, company operations are active. It is involved in Spinning, weaving and finishing of textiles.
As a result, over the last few years, the company has been actively looking at Rooftop 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 990 kW has helped Ranganayaka Spinning Mills Pvt Ltd reduce 1869 tonnes of CO2 emissions a year.
Project Details :
| Characteristics | Value |
| Size | 990 kW |
| Commercial Operation Date (COD) | March 2024 |
| Type | Rooftop |
| Financing Mode | CAPEX |
| Execution Time | 6 Months |
| Annual Generation | 1,335,510 kWh |
| CO2 Reduction | 1869 Tonnes |
| Levelized Cost of Energy | > INR 1.9 / 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 Ranganayaka Spinning Mills 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 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, Ranganayaka Spinning Mills Pvt Ltd selected a vendor from the participating 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.
Auction Summary :
| Number of Bidders | 15 |
| Total Number of Bids | 64 |
| No. of Bidders Matching | 1 |
| Average Savings | ~ ₹ 11,000,000 |
| Closure Time – Post Auction | 15 Working Days |
Final Outcome of Project
SafEarth has helped Ranganayaka Spinning Mills Pvt Ltd reduce its carbon footprint by 1869 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 about any aspect of the project and as a result, they have awarded additional projects to SafEarth.
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