AMTL forays into EPC business, bags order for multi-storey green IT building in Noida
Posted by: Clara Fernandes at 8/31/2016 03:04:00 am
o Building to employ green technologies to reduce energy consumption
o Global green building material market expected to reach USD 234 billion by 2019
Noida/New Delhi, 31 August, 2016: Advance Metering Technology Ltd (AMTL) - one of the fastest growing private players in the energy efficiency segment – today announced its foray into the EPC business segment with the award of work order for a multi-storey green building in Noida. AMTL will execute the project on turnkey basis.
As part of the contract, the company will be responsible for implementing the entire package for the project which will include civil and electrical works, designing, engineering as well as water treatment, waste disposal and Solar PV. Work on the seven-storey building has already begun and will be completed in a period of six to eight months.
Compared to conventional buildings, this green building being constructed by AMTL will incorporate the latest energy-efficient technologies to minimize the use of water, optimise energy efficiency, conserve natural resources, recycle waste and provide healthier spaces for occupants. The ecological of such a building will be very low and this is in line with the nations requirement where the need to conserve all available resources.
Across the world, increase in consumer demand has pushed the green building market to a trillion dollar industry, as a result of which there has been a corresponding increase in the scope and size of the green building material market, which is expected to reach USD 234 billion by 2019. In India, the Green building industry in India is projected to grow by 20 per cent in the next three years.
Commenting on the award of the EPC order, Mr P.K. Ranade – Chairman and Managing Director, AMTL said, “I am glad to announce our foray into the turnkey EPC business, whereas in the past we have executed only solar projects. We are confident of our in-house abilities to execute big projects for our clients across geographies. The market for green and energy efficient technologies is seeing a spurt in demand due to the government’s regulations on clean energy and sustainability. Consequently the demand for green buildings is on the rise and we are all set to make full use of this opportunity”.
The EPC division of AMTL was incorporated in 2015 to leverage its in-house expertise to execute solar turnkey projects for several of its prestigious clients. The division will now serve as a one-stop shop providing complete range of building products and solutions. With this order, AMTL will also be offering turnkey and retrofit solutions to IT business buildings across the country.
Advance Metering Technology Limited (AMTL) manufactures and distributes a complete range of energy meters, panel meters, APFC panels, LED-based efficient light solutions and EPC services. The Company is accredited by the Bureau of Energy Efficiency (BEE) and is extremely active in the field of energy efficiency and provides energy management and audit solutions to a wide range of customers. AMTL is actively engaged in the production of renewable energy for supply to the grid from its portfolio of renewable energy assets.