The project will be supplying electricity to Southern Petrochemicals Industries Corporation (SPIC) while the excess energy will be sold to the state power utilities. Greenam Energy Private Limited, a wholly owned subsidiary of Singapore based AM International has recently celebrated the foundation laying ceremony meant for the construction of a 24 MW floating solar power plant. Sources reported Ashwin Muthiah, Founder Chairman, AM International Group to have laid the foundation stone for the project at an event which was held at the Tuticorin factory complex. The project is remarkable for being the first floating PV energy initiative in India that is expected to optimize energy production in industrial plants. Sources close to the matter are of the opinion that the project is also a demonstration of AM International group’s commitment to seeking self-sufficiency in the operations and promoting eco-friendly alternatives for its various group companies. Ashwin Muthiah has been reported to say that Greenam Energy is working to spearhead sustainable energy initiatives by bringing world-class technology and expertise. He said that AM International believes that effectively harnessing green energies is the key to a sustainable future. Muthiah added that the project constructing a floating solar power plant in India will be a milestone for Greenam as it employs new technologies and works to reduce carbon footprint. The floating solar power plant is being designed to include technologies that would be comparable to the best in the world. On completion the project will be supplying electricity to Southern Petrochemicals Industries Corporation (SPIC) while the excess energy will be sold to the state power utilities. The floating solar power plant will be situated inside the Tuticorin plant premises in a large water reservoir. Construction of the project is being undertaken by EDAC Engineering Ltd., a SPIC group company and will be owned by Greenam Energy. Floating solar plants are gaining popularity across India due to fact that no land is needed for construction of such projects. The water on which the project floats keeps the panels cool and boosts efficiency.