WAAREE Embarks on the New Year Bagging a 5 MW Project From Friends Group

MUMBAI, January 7, 2013 /PRNewswire/ --

A Happy Sunny New Year for the WAAREE Group

WAAREE Energies, one of India's leading solar power developer and turnkey solution expert, has won a major contract of 5 MW from a Gujarat-based company "Friends Salt Works & Allied Industries". WAAREE will be setting up the Solar Photovoltaic power plant at Village Bid Pipalya, Susner, Madhya Pradesh.

     (Logo: http://photos.prnewswire.com/prnh/20120704/IND10049154)

WAAREE's scope of the work envisages design, manufacture, supply, installation, operation and maintenance of the solar power plant. Significantly, WAAREE is utilizing the very popular WAAREE Polycrystalline Solar Panels for this power plant, known for their durability and longevity, manufactured at their avant-garde 110 MW automated production facility at Surat (SEZ).

A very pleased Mr. Hitesh Doshi, Chairman - WAAREE Group said, "This project has reinforced our growth momentum as we enter 2013 and strengthened WAAREE Energies' ability to secure and execute mega-scale solar power projects that provide substantial tax benefits & end-user savings while considerably lowering carbon footprint. We feel extremely proud to provide such remarkable economic and environmental benefits to our stakeholders."

WAAREE is well known for its speedy project execution as its recent 2 MW project commissioning for Abellon Clean Energy Limited in a record time of 35 days. "We reciprocate on the same wavelength and frequency with gratitude towards Team WAAREE, a company synonymous for solar EPC. To manage each and every thing within 35 days is not a joke as it requires meticulous planning, understanding of subject and requirements at site, we appreciate efforts of all involved from WAAREE Group," said Mr. Sanjay Shah, VP-Technical, Abellon Clean Energy Limited.

About WAAREE Energies Pvt. Ltd.

WAAREE Energies Pvt. Ltd. is one of India's most diversified and fastest growing solar power solution company, a part of the consortium of WAAREE Group established in 1989, India's premier multi-diverse technology group having its forte in multifarious verticals such as solar energy, industrial valves, petroleum equipment and process control instrumentation. A large distribution network spread across the country and a global presence in 68 countries, WAAREE's presence is rapidly expanding. Beyond financials, WAAREE has a vision to utilize renewable solar energy for a sustainable future of our planet. For further information about WAAREE Group, visit www.waaree.com. Corporate film: http://www.youtube.com/watch?v=2XZpdZQHyMI

Primary Media Contact: Ajay Mishra, ajaymishra@waaree.com, 91-22-66444417