Netmagic to set up 100-MW captive solar power plant

Data centre operator 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.

A division of Japan’s NTT Communications, the IT infrastructure provider 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.

Speaking to BusinessLine Netmagic MD and CEO Sharad Sanghi, said, “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,” he added.

Image Credit : energyinfrapost.com

Research Desk

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