Akshayini Oorja (AOPL)
Merging with True North in December 2009, Akshayini Oorja Pvt Ltd (AOPL) is a centralized management service company managing the small hydro power project segment.
True North decided in merging with AOPL after identifying its capabilities that would result in a huge opportunity. It would help create a huge portfolio of renewable energy projects by partnering with entrepreneurs holding licenses and regulatory approvals but with inadequate financial and implementation capabilities. This is done particularly to tap the huge unexploited potential for small hydel power in India.
A management team was then identified and inducted along with appropriate IT systems across financial ERP and project management systems, which were put into place to co-ordinate multiple projects in different geographies.
AOPL acquired two projects i.e. Madkini Hydro Power Project of 39MW in Uttaranchal and Kalanao Hydro Power Project of 5MW in Himachal Pradesh, which are at different stages of development.