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Mahindra World City & Mahindra EPC Commissions 75 KW Rooftop Solar Plant In Tamil Nadu

March 9, 2012, Chennai: Mahindra World City Developers Ltd (MWC DL) & Mahindra EPC Services – Off - grid Division, today announced the successful commissioning of the 75 KW Rooftop solar plant at Mahindra World City, Chennai. Mahindra World City has been a pioneer in commissioning the Off - grid solar power plant in the state of Tamil Nadu. The system is installed over an area of 800 sqm. on the rooftop of The Canopy, the Commercial Complex in Mahindra World City. The solar system is expected to generate approximately 1,16, 000 units (kWh) of clean electrical energy annually which will result in significant savings in the electricity bills and the diesel consumption. The system is expected to offset emissions of nearly 60 tons of carbon dioxide per year by decreasing diesel usage at the site. This solar system is equipped with a remote monitoring system.

Presiding over the inauguration ceremony in Chennai, Ms. Anita Arjundas, MD, Mahindra Lifespace Developers said "The guidance and the support provided by the Ministry of New & Renewable Energy (MNRE) and Tamil Nadu Energy Development Authority (TEDA) have enabled us in this maiden endeavor".

This plant is a part of the Jawaharlal Nehru National Solar Mission (JNNSM) policy for Off-grid systems.

Speaking on the occasion Ms. Sangeeta Prasad, CEO, Mahindra World City Developers said "Our pursuits in sustainable practices through energy efficient lighting systems, waste treatment processes, water conservation and water body resurgence methods will continue".

"We plan to play a larger role in Off-Grid systems and bridge the last mile gap in the country" said Mr. Vish Palekar, Business Head, Cleantech Ventures, Mahindra Partners. He adds “Along with rooftops, we are also working closely to solarize telecom towers and power IT centers”.

The Engineering, Procurement and Construction arm of Mahindra Solar - Mahindra EPC - OffGrid Division has commissioned this 75 KW solar power project utilizing its proven expertise in design, engineering & construction.

About Mahindra EPC-Offgrid Division

Setup under Cleantech Ventures - a division of Mahindra Partners, the Mahindra EPC business (MEPC) is focused on providing reliable turnkey services to build large scale grid connected solar power plants and rooftop solutions for developers and commercial organizations.

MEPC brings high quality Engineering, Procurement efficiency, Construction excellence (EPC) and world-class Project management services to deploy high performing projects on the ground.

The MEPC Off-grid division has commissioned projects across residential buildings, carports, SEZ, lighting and rural electrification. In 2011, we received the highest CRISIL-MNRE rating of SP1A for off-grid solar PV system integration.

About Mahindra World City Developers

Mahindra World City Developers Ltd is a PPP between the Mahindra Group and TIDCO (a Govt. of Tamil Nadu undertaking).

Conceptualized as an integrated business city, Mahindra World City has attracted around 60 best-in-class companies from across the world including BMW, B Braun, Capgemini, Infosys, Fujitec, Lincoln Electric, Mecaplast, NTN Corporation, Parker Hannifin, TVS Group of companies and Wipro. The business zone has 38 companies that are operational with the balance under various stages of construction/commencement of operations. The city has a current working population of 27,000 and is expected to reach 100,000 in the next 8-10 years. The exports from the 3 sector specific SEZs was Rs.3,500 crores in FY 2011.

The Residential Zone is master planned in close proximity to the Business Zone with varied social amenities built into the master plan comprising residential units, schools, medical centers, retail malls, a business hotel, recreation and leisure facilities etc. The residential development which started with Sylvan County (212 homes spread across 22 acres), currently has two offerings, namely, Aqualily (761 homes over 56 acres and Iris Court (702 apartments over 18 acres), both of which are currently under development and when completed will add an additional 1,500 homes to the city. The balance residential development is expected to be completed over the next 8-10 years.

Mahindra World City has a CBSE school, Mahindra World School, managed by the Mahindra World School Education Trust and currently has around 400 children. There is also a day care center from Amelio for infants and toddlers.

Mahindra World City also houses a commercial complex that provides for various everyday basic needs such as Banks/ATM, food court, restaurants, medical centre, department store etc.

MWCDL recently signed up Duet Hotels to bring in a Holiday Inn Express that will be set up as a 4-star business hotel and is expected to be operational by Sep 2013.

The next phase of development will include malls, multiplexes, a hospital, clubs with sports facilities, accommodation for single working professionals etc.

Mahindra World City, as part of its approach to holistic development has involved itself, with the support of NGOs, in skill up-gradation and employability training, training over 1500 village youth.

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About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, vacation ownership, rural and semi-urban financial services, etc. Mahindra has a significant and growing presence amongst others, in the automotive industry, agribusiness, aerospace, automotive components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel and two wheelers.

A US $14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 1,44,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. For four years in a row, Mahindra has featured in the Forbes Asia’s Fab 50 List of the 50 best publicly traded companies in the Asia-Pacific regions. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies.

In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. Its flagship company Mahindra & Mahindra Limited is the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index in India - 2010, created by the Carbon Disclosure Project (CDP). In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

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For further enquiries please contact:

Ms. Roma Balwani
Senior VP & Group Head – Corporate Communication
Mahindra & Mahindra Ltd
Phone: (+91-22) 24975176
Fax: (+91-22) 2490 0830
Email: [email protected]

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