Maharishi Solar Technology has launched a Parabolic Trough – a low cost solar solution for the industries to reduce fuel cost for electricity and fossil fuel for generating heat. The technology is a result of the strategic tie-up with US-based Abengoa Solar Inc, (ASI), which is into delivering solar technology solutions.
Company has set up a manufacturing facility to manufacture Parabolic Troughs in Noida, Uttar Pradesh. It has invested around Rs 350 crore for this business and is setting up new facilities in Gujarat and Tamil Nadu. According to company, in India most of the industries use thermal energy obtained from conventional resources like electricity, fossil fuels and bio fuels. Costs of these fuels are increasing and pose serious environmental hazards. India uses about 200 million tonnes of fossil fuel annually.
Pradeep Khanna, CEO of the company said, "This technology can save million tonnes of fossil fuel that is being used annually. It is an efficient time tested technology that replaces expensive fuel and thus can save millions for Pune industries." He added, "Pune is an industrial center and a hub for the auto industry. The auto industry entails a lot of heat to accomplish many of its processes such as the electrolysis processes, painting and many areas where low temperature heat is used. Parabolic Trough can thus substitute the use conventional resources and be cost effective and time efficient and save millions for Pune Industries."
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