April 2, 2024, Rajasthan - Choice Consultancy Services Pvt Ltd (Choice), a leading consulting firm and a subsidiary of Choice International Ltd, is proud to announce winning of a project for the development of a solar plant for Jodhpur Vidyut Vitran Nigam Ltd in a Joint Venture partnership with Solar91 Cleantech Pvt Ltd.
In this project, Choice & Solar91 together will act as key advisor, undertaking comprehensive tasks including detailed site surveys, supervision of the design, supply, and installation of the solar power plant. Furthermore, they will oversee the installation of associated 33kV or 11kV lines, conduct testing and commissioning activities, and manage the construction of control rooms. The project is expected to entail a capex outflow of Rs. 152 crores.
This project emphasizes Jodhpur Discom's commitment to sustainable energy and rural electrification, marking a significant step towards a greener future for the region. Aligned with the PM-Kusum Yojana — Component C 2, aimed at providing affordable electricity to farmers, the initiative entails setting up a34.72 MW (AC) solar plant during an implementation period of 12 months, with a 25-year operation and maintenance period.
Expressing enthusiasm for the collaboration, Arun Poddar, CEO of Choice International Ltd, stated, "It is an honour to partner with Jodhpur Vidyut Vitran Nigam Ltd, marking yet another significant milestone in our journey towards supporting sustainable energy projects. At Choice, our dedication to the renewable energy sector is unwavering, and we are actively driving forward to broaden our portfolio following our notable success in Water Management, Road & Highway, and Urban Development sectors."
Choice Group, through strategic efforts, intends to ensure efficient execution; delivering significant benefits to the communities served. The estimated revenue of the project is X520 Crores during the overall project tenure.
Mr. Dhawal Vasavada, Director of Solar91 Cleantech Pvt Ltd, said, "We are ushering a new era of sustainable energy, contributing to a cleaner, greener future. Choice Group’s demonstrated ability in supporting solar initiatives most prominently the PM KUSUM YOJANA-C2; further fortifies our confidence in the success of this initiative."
This alliance signifies a pivotal step towards realizing a brighter, more sustainable future, embodying the Choice’s commitment towards driving impactful change.
ABOUT CHOICE INTERNATIONAL LTD.
Headquartered in Mumbai, Choice Group is a decade old organization, engaged in providing financial services. Choice has its membership and registration with SEBI, RBI, NSE, BSE, MCX, NCDEX, AMFI, and depository participants with CDSL & NSDL. An end-to-end financial conglomerate, the group has over the past decade expanded massively to become a holistic financial services firm with ground breaking technologies and innovative methodologies to serve its clients. Choice is among the top 20 brokers with a pan India presence with over 9 lakh clients and approximately 36,000 trained business associates. For more information, please visit https://choiceindia.com/.
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