Solar project to produce 2,10,000 units of electricity annually

IG International installs Solar PV Project for its Bangalore cold stores

In addition to providing fresh, high-quality fruits, India’s largest fresh fruit importer IG International is now working towards ecologically sustainable operations. With an aim to reduce greenhouse gas emissions, it has announced the installation of a new 150 kWp Net Metering Rooftop Solar PV Project that will power its cold storage facilities in Bangalore. The solar project will produce 2,10,000 units of electricity annually, helping the company save about a whopping Rs. 21.63 lakhs per year.

Commenting on the initiative, Tarun Arora, Director,IG International, said, “We at IG International are committed to practising as well as promoting environmental stewardship. Greenhouse gases are the main factors driving climate change, which is one of the biggest challenges faced by humanity today. With mounting research showing how climate change will have adverse effects on our world, we decided to do our bit to mitigate the damages and contribute to a sustainable future.”

“Speaking in terms of business, the estimated lifespan of the solar project is 25 years and it doesn’t require much maintenance. While we did invest Rs. 66 lakhs in this project, the payback period is just 2.5 years with 40% IRR (Internal Rate of Return),” he added further.

IG International imports 31 varieties of best-quality, exotic fruits to India from 22 countries across the globe. The company has cold storages and wholesale outlets pan-India in cities including Mumbai, Bangalore, Delhi, Ahmedabad, Chennai, Pune, Ludhiana, Jalandhar, Hyderabad, Lucknow, Kolkata, Cochin, Patna, and Nagpur. Operating since the last 50 years, it also boasts of a global presence with offices at Belgium, Czech Republic, Hong Kong, China and USA.

For more information:
Shubha Wadhawan    
IG International Pvt. Ltd.
Tel: +91 22-66272016 

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