IT infrastructure provider, Netmagic is set to work on India’s largest captive solar power plant to meet the increasing power demand for its data centres in Mumbai.
Netmagic, a division of Japan’s NTT Communications, has one of the largest data centre in the country wherein it hosts servers of large banks, ecommerce and internet companies, and MNCs. The company’s current power usage in Mumbai alone is over 20MW.
“We are looking at the feasibility of setting up solar power plants in Maharashtra through one of our partners. First, renewable energy is good for the environment. Second, even though there is more capex involved, solar energy will help us lower our cost of operations. Government has given some benefits such as duty waiver which we want to leverage,” Netmagic MD and CEO Sharad Sanghi, told BusinessLine.
“The solar plant we’re looking to build will be around 100 MW. We are trying to understand the regulations and ensure that we are qualified for the government incentives.,” Sanghi added. Read more