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The Vacant Space of Turnkey Consulting in

Balram Mehta, Executive Vice President and Head Wind, ReNew Power
Monday, December 28, 2015
Balram Mehta, Executive Vice President and Head Wind, ReNew Power
ReNew Power Ventures Pvt. Ltd. is an Indian renewable energy company headquartered at Gurgaon, Haryana; which delivers cleaner and smarter energy choices. Balram brings in more than 20 years of experience into Technical and Commercial evaluation, EPC Contract negotiation and closure, WRA, EHS, Construction, O&M and performance Management of Windfarm Assets.

Renewable energy is the flavour of the year and talk of the country. NDA led Government of India has taken an ambitious target of 175 GWs of renewable power till the year 2022 which seems to be a herculean task. Although not much was done in the first year of the target but the stage has been set and ball is in motion for the bigger outcome by the year 2022. It is very important to dream and the new government has dared to dream for energy security of the country.

The country has 25,000 MWs of non-conventional assets in operation today, the sector has to take a jump of 150 GWs of addition in the next 6 years that means an addition of 25,000 MWs per annum in Solar and Wind sectors across the country. And in financial terms it translates into an investment of 900,000 crores of INR or 140,000 Million USD worth of investment. The quantum is huge and very difficult to even count the zeroes involved in it.

Investors and Consulting
Most of the investment in this sector is happening through FDI route. The investors are foreign investment banks, PEs, VCs, foreign pension funds and HNIs along with few domestic investors. These investors have their coffers full with commitment to be part of the renewable revolution in India. They look for stable and reliable partners who can associate with them in their endeavour to invest in India and reap the benefits. Investment in renewable is not the financial decision only but has to be supplemented by technical and local knowledge. Now here comes the role of consultant and that's nothing better than the Turnkey Consultancy. This decision of choosing the right turnkey consultant depends on the in house capability and risk appetite of the individual investors.

If we divide the complete investment activity in this sector in smaller set of activities then following are the major areas -

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