Powering Innovation: ERO Power Becomes Exclusive Distribution Operator for SEZ Bio-tech Services
In October 2024, ERO Power entered into a 20-year agreement with SEZ Bio-tech Services Pvt Ltd, a subsidiary of the Cyrus Poonawala Group, to serve as the power distribution operator for their Special Economic Zones (SEZs) in Hadapsar and Manjari, Pune, Maharashtra. These SEZs, notable for housing esteemed entities like the Serum Institute, are pivotal in global vaccine production, contributing over 1.5 billion doses annually. citeturn0search0
Objective
The primary goal of this partnership is to reduce power costs for clients within the SEZs, thereby enhancing their competitiveness. By ensuring a reliable and cost-effective power supply, ERO Power aims to create a more favorable business environment for companies operating in these zones.
Implementation
ERO Power will initially manage a power distribution portfolio of approximately 40 MW in these SEZs, with plans to expand this capacity to 75 MW in the near future. The company will oversee the entire power distribution network, providing end-to-end operation and maintenance services, including regular meter testing, daily energy audits, and rigorous safety checks in compliance with OHSAS standards.
Innovative Approach
This collaboration represents a pioneering move in power distribution within SEZs. By acting as a power distribution operator, ERO Power aims to reduce power costs for clients within the SEZ, thereby enhancing their competitiveness. citeturn0search0
Strategic Impact
This partnership is expected to significantly enhance industrial competitiveness and retention in Maharashtra. By lowering power costs and ensuring a reliable power supply, ERO Power is poised to build a more favorable business environment for companies operating in SEZs. citeturn0search0
Client Testimonial
Kedar Gokhale, Executive Director of the Cyrus Poonawala Group, remarked, “This is a win-win situation for all stakeholders. One of our initiatives has always been to help the manufacturing facilities inside SEZ to reduce their running costs. Both Hadapsar and Manjari SEZ shall have an added advantage as compared to others biotechnology SEZs regarding their expenses on power now. We are incredibly happy about the services & power domain knowledge of the officials of ERO Power. I am sure they will run the business in very efficient way.” citeturn0search0
Conclusion
The agreement between ERO Power and SEZ Bio-tech Services Pvt Ltd exemplifies a strategic initiative to optimize power distribution within specialized economic zones. By leveraging ERO Power’s expertise, the partnership aims to provide sustainable and optimized energy solutions, thereby fostering a more competitive and efficient industrial environment in Maharashtra.
