Hartek Power bets big on solar projects, eyes Rs 200-cr turnover

Ruchika M. Khanna

Tribune News Service

Chandigarh, March 2

Chandigarh-based engineering procurement and construction company, Hartek Power is betting big on the new thrust being given to solar power generation across the country. The company is eyeing new projects besides setting up global footprint.

Hartek Singh, CMD, Hartek Power, said the company was growing at 40% on year-on-year basis by taking a major chunk of projects being executed in Punjab, Rajasthan, Andhra Pradesh and Karnataka.

In Punjab, the company has connected 72 MW of solar power to the grid, out of the state’s total installed capacity of around 245 MW.

The CMD said they would execute power projects of around 265 MW by March 2016. “Our aim is to execute over 500 MW of power projects by March 2017. We are targeting 40% growth in the next year too and a turnover of Rs 200 crore by March 2017,” he said. Last year, the company’s turnover was Rs 112 crore.

Seeing a huge opportunity in the rooftop solar power projects, he said they were gearing up to set up small rooftop power projects. “We will come out with customised rooftop solar kits,” he added.

Though the company is executing projects in eight states now, Hartek says by 2017-18, they plan to go global. “We have been in talks with players in South Africa, Nigeria and Kenya for setting up solar power projects and within a year, we should be ready to take up these projects.”