Chennai based UPS manufacturer Numeric power systems, announced its commercial entry into the solar energy and LED (light emitting diode) lighting segments, on Friday. The Rs.500 crore company, 85% of whose revenues come from sale of UPS and 10% from servicing them, presently earns 5% of its revenues from its solar power installations. “We have done 14 solar power projects in India, and six abroad, at a Total investment of Rs.1 crore, all as a back up for banking and insurance companies,” said Numeric MD R Chellappan. Each of these installations is of 3-5 KW range and fetch revenues of Rs.18 per kwh for the company.
Its first solar independent power project (IPP) of 1 MW capacity will come up at its 1.5 MW wind farm near Coimbatore. “We will be investing Rs.25 crore in that project; evacuation should not be a problem there as we already have infrastructure in place for supply of our wind energy to the Tamil Nadu Electricity Board (TNEB),” Mr.Chellappan said. The company would sell its solar power from this plant to the TNEB at Rs.15.15 per kwh, of which Rs.12 is paid as subsidy by the ministry of new and renewable energy.
“We have also done a LED lighting project in 160 sq. ft of showroom space in Chennai, at a value of Rs.12 lakh ($ 23,817.65),” Mr.Chellappan said. “7-8 kw of LEDs light up the whole area.” The company manufactures 400 UPS per day, that is an output of 8000 KVA per day, from its seven manufacturing units, 6 in TN and one in Himachal Pradesh. “We are targeting an expansion to 16000 KVA per day, by opening another 4000 KVA plant in HP this June, and modernizing our existing plants to handle higher capacities,” Mr.Chellappan said. The company, presently, employs 2200 people across the board, and will employ one new service person for every 300 addition in plant capacity.