Hyderabad, India, July 19, 2014 --(PR.com
)-- ValueLabs today announced the successful commissioning of its 13 MW solar power plant (5 MV solar power plant in Kadiri, Ananthapur and 8 MV solar power plant in Jadcherla, Mahabubnagar) from March this year. The estimated power generated from this plant will be 1.8 million kWh per month. The company estimates that this scale of capacity will efficiently meet all its energy needs for its planned growth over the next 3 years. With this, ValueLabs is likely the first IT company in India to have set up its own solar power plant with a capacity that can meet 100% of its energy demand.
Commenting on the occasion, Mr. Arjun Rao, Founder & CEO, ValueLabs, said, “We minimize external dependencies by using the captive route wherever possible, thereby controlling our costs effectively. This is specifically relevant to areas like office space, power supply, disaster recovery planning, etc. We believe that such initiatives will increase our reliability and enable us to provide efficient services to our global customer base. Besides savings in energy cost, there are environmental dividends too.”
“India has immense potential for power generation from renewable energy sources, particularly solar. We wanted to leverage this at ValueLabs, to be completely energy self-reliant. These power plants were commissioned, and have been operational, from March this year. Phase I was commissioned in March 2013 and Phase II in March 2014. We are now in the process of drawing this power for captive use,” said Mr. Krishna Reddy, Senior VP - Operations.