POWER & ENERGYBOOST TO MANUFACTURING INDUSTRY IN INDIA
May 31, 2021
Solar Power: Reducing carbon footprints effectively
June 10, 2021

The renewable sector should focus on R&D to boost Aatmanirbhar Bharat

Owing to COVID, a lot has changed in the past year. 2020 has been a watershed year that witnessed the economy facing perils never seen before. All sectors, be it banking, education, manufacturing, or retail, saw disruptions in their supply chain and quantity output. Among these, the solar industry which also  faced the brunt has interestingly mined opportunities during the lockdown and has emerged as one of the most exciting  sectors in boosting the country’s economy. India has set an ambitious renewable energy expansion target of achieving 175 GW capacity by 2022. To achieve that, investments need to be made in the complete ecosystem, including focus on research, innovation, standardization, product development, testing and certification.

To tackle the economic slowdown and loss of jobs, the government emphasized the need for India to become a self-reliant economy in order to meet its twin objectives of fueling economic growth and promoting domestic manufacturing. Specifically, for the solar sector this is a step towards bringing down dependence on imports of solar panels, battery modules, and other components  significantly .

Presently, India ‘s gross  domestic expenditure  on R&D across all sectors is about 0.7 per cent, much lower than the target of 2 per cent. With policies in favor of domestic solar manufacturers and reduced dependency on China and international markets, the solar industry’s contribution to the GDP can rise substantially provided there is a budget set in place for  innovation.  Domestic producers will need to urgently invest in cutting edge and newer  technologies that could show advanced efficient alternatives for the rest of the world to emulate. It is a process that will need suitable regulatory support in providing an ease of doing business  ecosystem for such investments.

At Premier Energies, our in-house R&D lab, integrated with latest technology  can stimulate some of the tests our products go through as part of their internationally reputed IEC test cycle and the nationally mandated BIS test standards. We conduct rigorous internal testing of all key RM and finished products to ensure they adhere to the strict global industry standards we have benchmarked  ourselves against.

We believe in fostering innovation in the renewable sector by upgrading and expanding our development capabilities. Hence, with the commissioning of our new factory, we will be graduating to a GW (Giga Watt) scale factory under one roof which will enable us to diversify our long-term goals in one place.

As part of Premier Energies strategy  to become  one  of the largest clean energy companies in India,  we are working towards a greener decade and simultaneously boosting supply to the Indian power sector. With increased adoption of automation and robotics, our new factory will be at par with some of the leading manufacturing companies in Asia, Europe, and USA, producing world-class products.

Highlights:

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Priyadarshan

Priyadarshan Bhatewara, CFA

Chief Financial Officer

He has 15 years of experience in Corporate Finance, Project Finance, Project Management, Business Development, and Financial Analysis of Climate Change Projects. He has worked in Hydro Power, Thermal Power, Wind Power and Solar Power projects. He has expertise in closing Investment deals, Management Information systems, Data Analysis, Financial Modelling. He has worked with companies like Azure Power, ReNew Power, Asian Development Bank, Rattan India, SNC Lavalin and Mott MacDonald. Priyadarshan has been awarded Zee Yuva Award (2017) for best practises in water conservation, Water Crusader Award (2017) by Hindustan Unilever and Energy Conservation Award (2016) by Vigyan Bharti. He holds a Bachelor in Engineering from VJTI, Mumbai, M.Tech from IIT Delhi and has earned CFA Charterholder from CFA Institute, USA.

Kasturi Roy

Advisory Team

Ms. Kasturi Roy Choudhury is on the Advisory team at Premier Energies. She has over 3 decades of professional experience with ‘Consultancy for Change and Growth’ and specializes in the areas of Management Consultancy and Corporate Training. At CFCG, Kasturi works as a Senior Consultant anchoring key client relationships & accountable for deliverables.

In her personal capacity, Kasturi is associated with social organizations like Jeevika Development Society, Garbage Free India & Sanjeevani Life beyond Cancer. Her distinguished academic career includes:PGDM from IIM Ahmedabad (1988), DBF from ICFAI, Hyderabad (1990), BE (Electrical) from Jadavpur University (1986).

SURENDER PAL SINGH

Founder & Chairman

A visionary, Surender Pal Singh is an eminent energy expert and accomplished business leader with over 40 years of rich industrial experience. His work states achievements in both conventional as well as non-conventional power projects. Known for his resourcefulness and deep knowledge on Solar, he has been conferred with national and international awards such as the International Project of The Year from Renewable Energy World, USA 2013, National Awards for Excellence in Renewable Energy for Rural Electrification from World Federation Of CSR Professionals, 2015, Udyog Bharti & Udyog Patra awards from the Vice President of India. A mechanical engineering graduate from Dharwad University, today he oversees operations and finance of the organization in addition to mentoring the young leaders.

CHIRANJEEV SALUJA

Founder & Managing Director

He is one of India’s 100 Most Influential Solar Business Leaders and a visionary who transformed the company from a solar enterprise to an integrated renewable energy solutions provider. Steering the company from a 5 MW production capacity in 1995 to 500 MW in 2018, he is now leading Premier Energies towards growth by expanding the production capacity to 750 MW solar cells and 1.2 GW solar modules.

He is a Founding Member of Premier Solar Power Tech and has built over 650+ MW of EPC and 130 MW of IPP. He serves as a Director on board for over 10 companies in the Solar Manufacturing and IPP space and the All India Solar Industries Association (AISIA). He is a member of the Governing Council of Indian Solar Manufacturers Association (ISMA). He holds a bachelor’s degree in Engineering from Osmania University, Hyderabad.

SUDHIR MOOLA

Executive Director

A distinguished engineer from JNTU, Hyderabad; an MS from Colorado University and an MBA from ISB, Sudhir has worked with PwC, USA before taking on a directorial mantle at Premier Energies. He heads the EPC business, as well as the construction of our new state of the art manufacturing facility. Sudhir is actively involved in all day-to-day operations of the organization, from managing external relations to defining policies, supervising department heads, and working on strategies for growth and business expansion.

VISHNU HAZARI

Chief Operating Officer

He brings over 14+ years of rich consulting experience in BFSI, Pharma and Healthcare sectors, having worked at JP Morgan Chase, Anthem, Infosys, Cognizant and Deloitte. He holds a MS (Mechanical Engineering) from Western Michigan University. At Premier Energies, Vishnu is responsible for managing the entire spectrum of operations of the manufacturing division.

REVATHI ROHINI B

Director & CFO-designate

She has served the Government of Telangana for over 30 years and retired as an Additional Commissioner of Commercial Taxes. A graduate in Agricultural Sciences, she brings in with her a rich, on-ground experience in indirect taxation and government regulatory affairs. A trailblazer and an expert in legal and commercial taxes, she now leads all financial and government related matters of the organization.

NIYATHI MADASU

Director

She comes in with over 16 years of experience in Talent Management, Leadership Consulting & Organization Development. She is proficient in a variety of methodologies including leadership framework development, psychological profiling & assessment, and design of talent management frameworks.

Niyathi holds an MBA in HR from the Symbiosis Centre for Management and Human Development, Pune and an executive certification in organization development from ISB Hyderabad. She leads People Operations for the group and double hats as a member of the marketing & branding team. She recently joined the elite Business World People 40 under 40 2020 list.

Jasveen Saluja

Director

She’s been a serial entrepreneur and comes in over a decade of experience in running her own company specialising in interior design. With an astute sense of business, she is responsible for business development, procurement, project planning and government liaisoning. She has a degree in commerce and fashion designing.

Dhruv Sharma

Advisory Team

Mr. Dhruv Sharma, has been associated with Solar Manufacturing in India since 2008. As the CEO of Jupiter Solar, he has played a pivotal role in the transformational journey of the company. He is responsible for leading the development and execution of the company’s vision, strategy and plans.

His understanding of the business has been instrumental in evolving growth strategies and significantly contributed to implementation of the group’s expansion and diversification into solar power sector.

Additionally, as Chief Business Manager at Premier Energies, he holds the responsibility of leading the foray of the Company into Solar cell manufacturing, focusing on Technology, Vendor relationships, Project management, Organization building and Key Account Marketing.