MITCON Solar Alliance Limited (“MSAL”), a company incorporated under Companies Act, 2013 bearing Corporate Identification Number U74999PN2018PLC176615and having its registered office at First Floor, Kubera Chambers, Shivajinagar, Pune – 411005 is the Ultimate Subsidiary of M/s MITCON Consultancy & Engineering Services Limited.
MITCON Solar Alliance Limited (MSAL) is a Special Purpose Vehicle (SPV), jointly floated by M/s MITCON Sun Power Limited (wholly subsidiary company of M/s MITCON Consultancy & Engineering Services Ltd.) & M/s Pudumjee Paper Products Limited (PPPL), having equity share holding as 50.01 % & 49.99%, respectively.
Following projects are being operated under the banner of MSAL
- MSAL is developing 4.90 MW (5.46 MWp) Solar Power Project at Village Sonalwadi, Taluka Sangola, District Solapur, Maharashtra.
- 100% power produced by the proposed Solar Power Project will be consumed by M/s PPPL for captive use at their Thergaon Plant.
- MSAL has signed a Power Supply Agreement (PSA) with PPPL to supply minimum 65 lacunits per year generated from solar power project under Captive Scheme of the Electricity Act, 2003.
- Around 95 % project activities has been completed and project is ready to commission.