The Client enters into a long-term contract (typically referred to as the PPA) to purchase 100% of the Electricity generated by the system.
A power purchase agreement is a contract between two parties, one who generates electricity for the purpose of sale (the seller) and one who is looking to purchase electricity (the buyer). The PPA defines all of the commercial terms for the sale of electricity between the two parties, including when the project will begin commercial operation, scheduled for delivery of electricity, penalties for under delivery, payment terms, and termination. A well-structured PPA allows you to reduce electricity costs immediately and realize increased savings over time as grid electricity prices rise. Once the PPA contract period expires (typically after 15 – 20 years), you can purchase the system at a reduced price, initiate another PPA, or have the solar installation removed.
Overview of PPA Financing:
Under this model VEMC, one of the foremost solar companies in Mumbai, find’s the investor and set up a solar project at your location or in some common location. The investor sells the generated power to you at a cost that is less than your current cost of power.
The PPA financing model is a “third-party” ownership model, which requires a separate, taxable entity, in this case, VEMC, to procure, install, and operate the solar PV system, on a consumer’s premises.
We lay high emphasis on energy efficiency and use of renewable energy sources. With this objective in mind, we have started with energy audits to conserve and save energy by carrying out Performance Measurement of Pumps and Motors. This shall help clients adopt best methods to reduce electricity consumption and enhance energy efficiency.Our Energy Audit team will analyze your energy systems and provide a superior analysis on your current electricity and thermal consumption and annual energy spend. This would also include specific energy savings proposals along with the associated repayment period of current energy related debt. We offer the following services:Walk Through Energy AuditComprehensive and Detailed Energy Audit Monitoring of Energy Efficiency Projects (Includes undertaking, implementation and project monitoring). Through our Corrocoat and Energy Audit services, it is our endeavor to develop a "No Cost and Low Cost" culture. Our focus is to implement measures that can give tangible results to our clients be it in terms of cash or in terms of increased productivity. The crux of these services lies in redesigning the production cycles to reduce energy consumption and achieve higher efficiency.
Motto: To attend all complaints in Mumbai within 24 hours and those outside, within 72 hours.
At VEMC, customer service is not a department, it's an attitude. As businessman Roger Staubach puts it, 'There are no traffic jams along the extra mile'. Each one of us goes that extra mile so that we can exceed expectations. Our attitude and willingness to serve with zeal makes us the preferred choice among customers. A hand-in-glove rapport with our principals and vendors helps us expedite product delivery. We stock materials in advance, at our strategically located warehouses, to save transportation time.
Our service offerings include all types of pre-sales as well as post-sales services and cater to on-field and off-field customer needs. Our team of qualified and experienced engineers understand and speak the customer's language. They are trained to deal with pump, motor, and engine related needs, anywhere in India.
Timely delivery, 24x7 accessibility and prompt response are our constants and make us a company of high repute. With optimum utilisation of our experience and expertise, we continue to move up the value chain.