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Number 2, 701 & 708, Shangarilla Plaza, Jubilee Hills Check Post Rd, Park View Enclave, Banjara

Hills,
Hyderabad, Telangana 500034

JOB DESCRIPTION
* Conducting and facilitating newcomers joining formalities
* Maintaining Database of grievances or queries that any of the employees
* Escalating to the right level depending on the nature of the grievance or issue
* Administering performance management processes as per the PMS policy and
timelines
* Co-ordinating exit interviews for employees and recording them accordingly
* Engaging with employees on a regular basis to understand the motivation levels of
people in the organization
* Keeping records of staff insurance and ensuring timely renewal
* Consistent evaluation of the company’s recruitment program to include continued
relationship building with community resources, temporary agencies and monitoring of
best practices regarding recruitment strategy.
* Define the HR strategy for the Company in line with the business objectives; create
both long and short-term HR Roadmaps,
* Design and implement company policies that promote a healthy work environment will
also help to shape the Company’s brand strategy.
* Familiar with latest HR technology
* Ensure that Company attracts, hires, develops and retains qualified employees
* Develop & implement compensation and benefits plans
* Monitor, support & suggest improvements to the HR processes
* Set career development paths of employees in consultation with HODs
* Prepare, Review departmental budgets & plan for cost control measures
* Responsible for learning and development programs
* Ensure compliance of all applicable HR & Labour related statutory requirements
* Act as Mediator, counselor, and facilitator in arbitrating disputes between employees
and their supervisors and managers
* Employee relations, including managing absence, disciplinaries & grievances
* Plan & implement training and development programs; identify areas that need
attention and improvement
* Ensuring all company policies and procedures are up to date and in line with the
current employment law and ensuring line managers are up to date with any change in
policy

ThinkEnergy Partners LLC and its affiliated entities (“Think Energy” or the “Company”),
established in 2003, is a developer of energy assets, with specific interests in solar and
natural gas-fired power projects. Think Energy has a successful track record of investing
in, developing, managing and exiting from, energy assets, through sale to strategic
buyers, in the United States of America and India.

Think Energy’s business model is to invest in special situation projects or projects at an


early development stage and undertake green-field execution including land acquisition,
securing permits and clearances, procuring power purchase agreements, arranging debt
financing, and engineering, procurement and construction supervision. Think Energy has
a strong experience in working as co-investors with large institutional energy investors
and developers such as Trust Company of the West, Lehmann Brothers, Rolls Royce
Power Ventures, SolarpackCorporacion, EverStream Capital amongst others. Over the
past fifteen years, ThinkEnergy has delivered superior returns to its investors across its
portfolio of energy projects in India and United States of America.

hink Energy’s past track record in the energy sector includes:

 Acquisition, management, restructuring, and sale of five energy assets


consisting of 651 MWs three of which were in the USA and one in India.
Additionally, Think Energy invested in a coal washery project in India.
These assets were restructured, managed, and exited from, successfully
with attractive equity returns

Think Energy’s current project portfolio in the Indian solar industry includes the
following projects:

 In 2015, Think Energy in partnership with


SolarpackCorporacionTechnologica S.L. (Spain) co-developed six solar
projects aggregating to 104 MW in the state of Telangana, India. Power
Purchase Agreements (”PPAs”) for these 6 projects, each with a term of 25
years, were executed in February 2016 with the Telangana state power
distribution companies. These projects will help the State reduce its carbon
footprint by displacing 154k tonnes of Green Houses Gases per annum
which is equivalent to planting 7.32 million mature trees. Today, these
projects are operational and performing in accordance with management
expectations.

 In 2017, Think Energy in partnership with Everstream Capital created


TEPSOL Projects Private Limited (“TEPSOL”), a joint venture company
developed to focus on the Rooftop and C&I solar market. The joint venture
participated in the competitive bidding, won 18MW of rooftops projects.
TEPSOL is in advanced stages of executing these projects, across 100 sites
spread across the three states of Maharashtra, Andhra Pradesh, and
Karnataka, expected to be commissioned in the second half of 2018. These
projects were tendered by the Solar Energy Corporation of India(“SECI”)
and are being developed on the rooftops of State and Central government
buildings across these three states.

 TEPSOL through competitive bidding has also won, and is developing 60


MW of ground mounted projects in the State of Karnataka. PPAs with the
state power distribution companies in Karnataka have been signed in March
2018. The projects are expected to be commissioned in the second half of
2019. These projects will help the State reduce its carbon footprint by
displacing 90k tonnes of CO2 emission per annum and illuminate 84k
homes.

 TEPSOL would be implementing a portfolio of 175 MW of ground-mounted


projects in the state of Maharashtra. The projects have been tendered and
the allocation is in progress. These projects shall be developed over the
next 12-18 months and are expected to generate more than 280 million
units in the first year of normalized operations.

 TEPSOL is also developing several projects with private customers both


under Net Metering and Open Access mechanism. Think Energy has
recently executed a 1.4 MW PPA with a leading food manufacturer based in
Maharashtra, and the project is expected to be commissioned in the last
quarter of 2018.

 TEPSOL has participated in other competitive bids where the results are
pending, plans to participate in future bids, and targets to develop an
operating portfolio of 1 GW+ over the next few years.

Think Energy has an experienced management team supported by strong project


and corporate finance, development, restructuring, engineering, and operations
resources. The core team has a strong local presence and extensive hands-on
experience in developing, constructing and managing solar power projects in
India and Europe. The Company and its affiliates are based in USA (New York
Area), and India (Hyderabad, Mumbai, Delhi, and Bengaluru).
New Market Power Company
 Think and its partners managed the acquisition and operations of a 443 MW portfolio of gas
fired merchant power plants in New Jersey through Newmarket Power Company LLC
(“Newmarket”)
 The acquisition was financed by Think and Trust Company of the West (“TCW”), a Los
Angeles based Investment Company with over $ 144 billion under management
 The operations of Newmarket included daily electricity and gas trading for the three power
plants, selling electricity into the Pennsylvania, Jersey, Maryland (“PJM”) interconnect
 Newmarket also focused on hedging its long terms positions through Tolling Contracts with
major utilities operating in PJM
 Newark Bay has two dual fuel (natural gas/Kerosene) Westinghouse 251B12 combustion
turbines and one Mitsubishi steam turbine; Camden has one dual fuel (natural
gas/Kerosene) GE Frame 7EA combustion turbine with inlet chiller and one GE steam
turbine, and Bayonne has three dual fuel (natural gas/Kerosene) GE Frame 7B combustion
turbine with and one GE steam turbine
 GE Energy Services and Wood Group were the O&M Contractors
 Think exited from Newmarket by sale of their interests to Morris Energy Group and TCW
in 2007

Spectrum Power Generation

 Spectrum Power Generation Limited (“SPGL”) operates a 208 MW gas fired power project
in Kakinada, Andhra Pradesh, India. It is one of the first independent power projects
implemented under the privatization program of the Government of India and was
commissioned in 1998
 SPGL experienced many issues ranging from promoter disputes, technical challenges,
contractual disputes and with the State Utility, as well as financial issues with the project
lenders. As a result, the project lenders took over the management of the company in 2003
 Around 2004 through 2005 Think purchased the distressed equity of the US Promoter and
other US investors. Subsequently, Think worked with Rolls Royce Power Ventures, UK
(“RRPV”) another equity investor in SPGL in order to restructure and turnaround SPGL
 Thereafter, Think helped turn around SPGL and participated in a financing round of INR
1,500 Crores of equity as part of debt restructuring deal with project lenders
 During this period, SPGL performed on multiple front – from the O&M improvements that
led to better plant load factors, cost reduction measures which improved the bottom line,
strengthening the balance sheet, and solving other SPGL issues. By 2009, SPGL was rated
one the best performing power plants in India
 Think exited from SPGL before 2010

Telangana Solar Projects

 Think Energy, in partnership with Solarpack Corporacion Technologica S.L., a Spanish


multinational integrated management company focusing on Solar PV energy generation,
operates 6 solar plants in Telangana with an aggregate capacity of 104 MW
 These plants are located in Achampet (13 MW), Padmajiwadi (13 MW), Renjal (19.5 MW),
Ghanpur (19.5 MW), Gummadidala (19.5 MW) and Thukkapur (19.5 MW)
 These Projects have been financed by Power Finance Corporation through long term debt at
competitive terms
 All the power generated in these plants is being sold to Telangana Discoms under a long
term 25-year Power Purchase Agreement
 These Projects are powered with 3.2 Lakh Trina Solar modules. Trina Solar is a Tier-
1 Module Manufacturer
 These Projects will help the State reduce its carbon footprint by displacing 154k tonnes
of CO2 emission per annum (equivalent to planting 7.32 million mature trees) and
illuminate 145k homes
 Think Energy continues to manage these plants

History and Milestones

 2004

Funded and jointly managed the acquisition of 3 gas fired merchant power plants
in New Jersey under Newmarket Power Company (443 MW)

 2005

Acquired significant stake in Spectrum Power Generations

 2006
Restructured Spectrum Power Generations

 2007

Exited from Newmarket by sale of their interests to Morris Energy Group and
TCW

 2008

Improved the performance at Spectrum Power Generations with increased


efficiencies, cost reductions and strong management control

 2009

Exited from Spectrum Power Generations by sale of their stake to the current
owners

 2014

Think invested into its solar platform Think Energy Partners Solar India

 2015

Won a tender for 80 MW of solar projects in the State of Telangana

 2015

Won 80 MW AC (or 104 MW DC) of solar projects in the State of Telangana

 2016

PPA signed for 80 MW solar projects in the State of Telangana

 2016
Achieved Financial Closure for 80 MW AC (or 104 MW DC) solar projects in the
State of Telangana

 2017

Won 23.39 MW of rooftop solar projects in the States of Karnataka, Maharashtra,


Andhra Pradesh and Gujarat in a tender conducted by SECI

 2017

Commissioned 80 MW AC (or 104 MW DC) solar projects in the State of


Telangana

 2018

Won 45 MW of ground mounted projects in the State of Karnataka in a tender


issued by KREDL

 2018

Won 98 MW of ground mounted projects in the State of Maharashtra in a process


conducted by MAHAGENCO

 2018

Commissioned rooftop solar projects in the State of Karnataka, Maharashtra and


Andhra Pradesh

Prashant Mitta
Chairman

Think Energy Partners

Ravishankar Tumuluri
Managing Partner

Think Energy Partners

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