JBM Solar, part of JBM Group- the leading automobile component manufacturer and engineering services provider is reportedly planning to set up 100 MW solar project by next year.
Nishant Arya, Executive Director, JBM Solar speaking to ET said “We have 100 MW projects in the pipeline, which will be completed by next year. The investment would be done at the rate of Rs 4 crore per MW.”
Almost 95 percent of these project would be ground mounted.
Speaking to the publication he said “The government should provide GST reduction on certain goods in the energy and manufacturing sector to make it more competitive. Apart from that, if some advance payments and working capital could be given and if support on the wages and salaries front could be made possible, that would be helpful. He also added that payment support to industry through ESI or other government funds should be provided for the energy sector to sustain in the long-term.”