Founder, Chief Executive & Managing Director
Mr. Chalamalasetty had an extended entrepreneurial career during which he was involved in evolving start-up businesses in Information Technology, Infrastructure and Environmental sectors in the United Kingdom and India. Mr. Chalamalasetty is experienced in mergers and acquisitions, transition and project management with a successful track record of managing operations involving large remote teams. He co-founded and developed the Company with Mahesh Kolli in 2004 and incorporated it in early-2006 to raise funds for financing early operations. He is responsible for effectively implementing the strategic business road map of the Company. Mr. Chalamalasetty is a graduate in Computer Science and holds a Master's degree.
Founder, Group CEO & MD’s Message
Parallel to being “Large Scale Clean-Tech IPP”, we are already an “Intelligent Energy Market and Deep Decarbonisation Specialist”.
Dear Stakeholders,
I am delighted to share with you, Greenko’s fifth Integrated Report “Making Green Sustainable”. In this report, we present our performance on financial and non-financial aspects, during the reporting period FY 21-22 and Calendar Year 2022.
As you are aware, Greenko is a leading Energy Transition and Industrial Decarbonisation Solutions Company with an operational portfolio of ~7.5 GW; pipeline of 93 GWh per day Integrated Renewable Energy Storage projects across different states in India and building manufacturing facility, 2 GW per year Alkaline Electrolyser and producing 3.1 MTPA Green Ammonia by end of 2026.
India’s Solar and Wind generation capacity and its cost effectiveness is amongst the top in the globe. In contrast, the present electricity architecture in India, about 407.79 GW installed capacity to meet 210 GW peak demand, is characterised by low flexibility and high cost, due to the dominant share of coal and in-firm renewables. This amongst other factors pulls down India’s competitiveness as a manufacturing destination. To improve the electricity generation-supply flexibility and to generate power at a lower cost, it is imperative that the country instals Stand-Alone, Make-In India, Long Duration Storage capacity and morph the Renewable Power to Round-The-Clock. In addition, the CEA Report identifies Pumped Hydro Storage System (PSP) and Battery Energy Storage Systems (BESS) as the commercially deployed solutions for providing requisite storage capacity. The new flexible electricity architecture – Low-Cost Storage in sync with RE, drives the cost of power down by 20% in the next few years. Availability of low-cost decarbonised power will:
The Global Supply Chains with ‘Net Zero’ goals will prefer ‘Make-In-India’ due to low cost and low-carbon electricity amongst other factors
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