MHS Energy ties up with German firm
MHS Energy Pvt Ltd, a newly launched infrastructure company offering outdoor power solutions for telecom industry, announced its joint venture with Germany-based b+w Electronics Systems to provide outdoor power solutions with low maintenance costs in India. It would invest Rs 150 crore in the initial stage to set up a manufacturing unit and to supply solar power solutions.
Plans are to install and run six systems in the first three months of operation and to increase installation to 500 units per month for the next 12 months, said Sajjan M Sharma, managing director, MHS Energy Pvt Ltd.
“We will install a total of 6,000 units of the solar power products in 12 months after the pilot project of six units. A combination of one solar power cube and a solar energy cube makes a unit,” he said. The first 6,000 units would be imported and assembled in India, while the company would later set up a manufacturing facility with a capacity of 6,000 units per month.
As per the agreement, b+w Electronics would provide the technology while MHS Energy would facilitate manpower, manufacturing capacity and investment.
Heinrich Walterfang, chairman and CEO, b+w Electronic Systems, said that the solar power units are tested and verified for proper functioning in Indian conditions and could replace the existing power sources including diesel power generators to cut down energy consumption by around 77 per cent.
It could bring down the operational expenditure from 28,032 kilowatt per hour per annum in a conventional shelter to 52,580 kilowatt per hour per annum, in a solar power solution unit. Out of the total 3.3 million towers in the country, around 166,129 towers are running on assisted power, said Sharma.
MHS Energy, launched today, is a wholly-owned subsidiary of Tenstar Infratech Pvt Ltd, which focuses on clothing, infrastructure and energy industries.