Communication Power Engineering Company

CPEC
Public
Traded as BSE: CPEC
Industry Renewable Energy
Founded Mumbai, India, (1942 (1942))
Headquarters London, United Kingdom
Area served
 Worldwide
Key people
  • Akbar Shamji
Total equity Increase US$ 11.24 million (2014)
Number of employees
 40 (2014)
Subsidiaries EuroSolar
Website CPEC.in

CPEC (Communication Power Engineering Company) (BSE: 505678) is a solar photovoltaic power plant developer and operator in India and Africa, founded in Mumbai, India, with headquarters in London, United Kingdom.

As of 2013, the company consists of 40 employees worldwide.[1]

History

CPEC was founded in 1942 as a manufacturer of gear boxes, and in 1962, it entered into a joint venture with Crofts Engineering Limited (later acquired by Renold plc) to become India's first and largest manufacturer and exporter of transmission gear equipment.[2] CPEC was listed on the Bombay Stock Exchange (BSE) in 1979.[3]

Solar photovoltaic

Following a management restructuring and sale of its gear manufacturing facilities in 2010, CPEC acquired 140 acres of land in Gujarat, India, and built its first 5 MW solar photovoltaic power plant with a power purchase agreement with Gujarat Urja Vikas Nigam Limited (GUVNL).[4] Since then, CPEC has built, operated, owned and transferred several solar photovoltaic power plants.

CPEC Chairman and Managing Director Akbar Shamji being awarded the Green Energy Commitment Certificate by Indian Prime Minister Narendra Modi.

Green Energy Commitment

On 15 February 2015, Indian Prime Minister Narendra Modi presented CPEC Chairman & Managing Director Akbar Shamji the Green Energy Commitment (GEC) Certificate at RE-INVEST 2015 for CPEC's contribution and commitment to mainstreaming renewable energy development in India.[5][6] Together with Solar Reserve and Yingli Solar, CPEC has committed to deploying 9,000 MW of renewable energy generating capacity by the year 2020.

References

  1. ↑ "Welcome to CPEC". CPEC. CPEC. Retrieved 25 December 2013.
  2. ↑ "CPEC Ltd.". NDTV Profit. NDTV. Retrieved 25 December 2013.
  3. ↑ "CPEC Ltd.". Economic Times. ET. Retrieved 25 December 2013.
  4. ↑ Prabhu, Rahul (25 December 2012). "Euro Solar Power Commissions 5 MW Solar PV Project in Kutch". Renew India Campaign. Retrieved 16 November 2013.
  5. ↑ Green Energy Commitment For Development Of RE Projects.
  6. ↑ India's first renewable energy summit to see 166 Gw of solar investment willingness.

See also

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