Company Profile

About Us

Maverik Green Tech Private Limited (MGTPL) has been promoted by Tushar Gandhi and Vihar Pancholi. The promoters conceived idea of a Grid connected Solar Power Project, since then they are pursuing investors to invest in this sunrise industry.

Tushar Gandhi is a qualified Chartered Accountant from the Institute of Chartered Accountants in England and Wales. He has been a consultant specializing in Company Restructuring and providing Investment Banking facilities. He promoted and successfully managed an aromatic chemical unit in Ankleshwar, Gujarat, INDIA, which was later sold to an MNC.

About Us

Vihar Pancholi an MBA and Masters in Environmental Science has more than 12 years of experience in the environmental and renewable energy sector. He has successfully executed green energy projects and provides services for Carbon credit projects, Renewable Energy, Carbon Sequestration, Low Carbon Strategy and Carbon Neutrality.

Tushar Gandhi and Vihar Pancholi joined together to steer their synergies and constituted MGTPL.

Our Services

• Solar Projects• Multi Feed Bio Methanation Projects• Carbon Credit Project Assistance• Carbon Credit Trading Services • Management Consultancy• Project Investment Opportunities

Our Team

Our EPC partners are a group of qualified engineers and have successfully executed GRID Connected and Off GRID Power Projects for MNCs, PSUs and Private Sectors.

Solar Energy Indian Scenario

India’s solar potential is among highest in the world. India receives solar energy equivalent to over 5000 trillion KWh/ year, which is far more than the total energy consumption of the country.

At MGTPL, we strongly believe that ‘Energy Equity’ is necessary for ensuring ‘Social Equity’ in India. Today more than 412 million Indians don’t have access to electricity and Peak Gap has risen to an all time high of 16.7%. We firmly believe the answer lies in ‘partnering with the sun’ and developing Grid Scale Solar Power Plants.

In line with the goals of the National Solar Mission, MGTPL is now foraying in to the solar energy business and plans to set up large scale Grid Connected Solar Projects across India.(Source: MNRE, Government of India)

Advantages of Solar Energy

• No Fuel, Low running costs• Modular nature• Long-life • Reliability • Low maintenance• Clean Energy, Avoids Green House Gas Emissions• Adoption of Solar PV systems can drastically reduce global

warming

Solar Technologies

To harness solar energy there are two major technologies:

1. Solar Photovoltaic Technology

2. Solar Thermal Technology

Our Forte - Thin Film Technology

MGTPL provides ‘Thin Film Technology’ (TFT) which is also known as Amorphous Silicon Technology.

The Company has supplied this technology to set up GRID connected projects in Australia, USA, Europe, South East Asia and Latin America.

Why Thin Film Technology…?

Comparison of PV Amorphous V/s. PV Crystalline Technology

Features PV Amorphous Technology PV Crystalline Technology

Cost / MW Cost effective i.e. INR 14.5 Crore / MW High cost i.e. INR 19 Crore / MW

Performance Temp. Range Best between 18 to 450 Centigrade Optimum @ 250 Centigrade

Performance Consistency Uninterupted Restricted during cloudy weather

Suitability for India Very High Low

Output / MW installed Capacity ~ approx. 1150 kWh / MW~ approx. 850 kWh / MW in ideal

condition

Performance in High Temp. Conditions High Very Low

Output @ high radiation High Low

Light Absorption Capacity / Nominal Watt Power Best Average

Eco-friendliness High Medium

Energy Payback Time / MW 1.6 Years 2.2 Years

Land Area Required / MW 7 Acres 5 Acres

Maintenance Cost / Annum 1.5 % 2 - 3 %

Power Generation Duration / 24 hours 7.5 - 8.5 Hrs 5.5 Hrs

Thin Film PV Module Outlook

Conversion Efficiency is “NOT” Everything !!!

The conversion efficiency was measured at STC (AM1.5, 1000W/m2,25oC)The occurrence of STC is less than 1%!!

The conversion efficiency was measured at STC (AM1.5, 1000W/m2,25oC)The occurrence of STC is less than 1%!!

It’s the actual output mattered!!!It’s the actual output mattered!!!

Temp. Coefficient & Irradiation Coefficient

0

10

20

30

40

50

60

6AM 7AM 8AM 9AM 10AM 11AM 12AM 1PM 2PM 3PM 4PM 5PM 6PM

Tem

pera

ture

(d

eg

. C

)

75%

80%

85%

90%

95%

100%

105%

Eff

icie

ncy r

ela

tive t

o S

TC

(%

)

Temperature

c-Si

a-Si TF

Irradiation Coefficient: at 80W/m2

a-Si efficiency is 117% relative to STCc-Si efficiency is 88% relative to STC

Temperature Coefficient:a-Si: efficiency -0.25% per °C increased c-Si: efficiency -0.46% per °C increased

To invest a 10MW solar farm in Spain

10MW a-Si system (CE: 7%)

10MW c-Si system (CE:12%)

Assuming same investment cost, then the project ROI for a-Si would be 20% higher than c-Si.Assuming same investment cost, then the project ROI for a-Si would be 20% higher than c-Si.

Tech/ CEPerformance Ratio

Investment

Annual Electricity(GWh)

Revenue(million $)

Project ROI

a-Si 7% 90% $X 17.2 $7.16 1.2 Y

c-Si 12%

75% $X 14.3 $5.96 Y

R.O.I. Comparison

Contact Us:2, Giribaug Society, Behind Centre Point, Alkapuri, R.C. Dutt Road,Vadodara – 390 005INDIA.Phone: +91-265-234 3010Email: info@maverikinc.comCell:Tushar Gandhi : +91 982 403 1879Vihar Pancholi : +91 989 806 2970

Thank you.