Akshayini Oorja (AOPL)
Incorporated by True North in December 2009, Akshayini Oorja Pvt Ltd (AOPL) is a centralized management services company working to manage the small hydro power project segment.
True North took this step after identifying that there was a huge opportunity to create a large portfolio of renewable energy projects by partnering with entrepreneurs holding licenses and regulatory approvals but with inadequate financial and implementation capabilities, particularly to tap the huge unexploited potential for small hydel power in India.
A management team was identified and inducted, and appropriate IT systems across financial ERP and project management systems were put in place to co-ordinate multiple projects in different geographies.
AOPL contracted two projects – Madkini Hydro Power Project of 39 MW in Uttaranchal and Kalanao Hydro Power Project of 5 MW in Himachal Pradesh which are at different stages of development.