Premier Energies Secures Landmark Solar Electrification Orders in Benin

Premier Energies Limited has won contracts worth USD 19.95 million for supply and installation of solar power systems in the Republic of Benin, West Africa. The scope of the contracts covers installation of 750 rooftop solar systems at key socio-community facilities including district police stations, educational institutions, health centres and special border surveillance units, plus installation of over 4,400 high-efficiency solar streetlights and 650 solar water heaters. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin.

Financing for the project is secured through a Line of Credit from the Export-Import Bank of India (EXIM Bank) and the ECOWAS Bank for Investment and Development (EBID).

"These projects are expected to enhance community safety, healthcare services, educational infrastructure and overall energy sustainability in the Republic of Benin. The contract award represents a strong endorsement of our operational capability and global competitiveness," said Chiranjeev Saluja, Managing Director & CEO, Premier Energies. "We are committed to delivering sustainable energy solutions empowering communities and advancing renewable energy in emerging markets."

Shares of Premier Energies Limited was last trading in BSE at Rs. 1021.60 as compared to the previous close of Rs. 1020.45. The total number of shares traded during the day was 44638 in over 1515 trades.

The stock hit an intraday high of Rs. 1028.00 and intraday low of 1008.60. The net turnover during the day was Rs. 45553189.00.

Source : Equity Bulls

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