Infrastructure giant, Punj Lloyd Group has marked its foray into solar energy sector and has set up a joint venture with Singapore based Delta Solar Energy.
The Punj Lloyd group will hold a majority stake in company named Punj Lloyd Delta Renewables. The firm will develop, engineer and execute renewable energy based projects throughout the world. The company will start its foray with photovoltaic and thermal solutions.
It will also provide turnkey integrated development and sustainable solutions within the power, building and infrastructure sectors. solar photovoltaic and solar thermal solutions and application specific solutions.
Tariq Alam who will be the chief executive officer will head the new initiative.
“It is logical to partner with Delta Solar of Singapore, who are already established in India and are the chosen provider for solar lighting solutions for the Commonwealth Games Village,” said, Atul Punj, chairman, Punj Lloyd Group.