Eneraqua inks £0.9m deal with Indian state government

The AIM-traded firm said the £0.9m contract would see it supply systems to 340 horticultural farms across the state, reducing carbon emissions and improving water efficiency.

It would be the first major zero-carbon irrigation initiative of its kind in India.

The company said the programme, scheduled to start in 2022 and complete in 2023, would see Eneraqua’s India subsidiary Cenergist Energy deliver a package of water, energy and soil conservation solutions integrating its patented technology ‘Control Flow HL2024’.

By efficiently managing water usage, it said it would help farmers to conserve water, improve crop yield and prevent soil erosion.

Solar photovoltaic technology would be used to power the irrigation systems.

Eneraqua said the project represented an “important step” towards the decarbonisation of the agriculture sector, and would provide a template for other states in India and beyond.

“We are delighted to be chosen by the State Government of Uttarakhand to support them in delivering this important programme,” said chief executive officer Mitesh Dhanak.

“As well as reducing carbon emissions, this programme will also reduce pressure on water resources and improve the incomes of farmers.

“This offers an attractive template for other states looking to decarbonise the agricultural sector while meeting the challenges of sustainability.”

At 1219 BST, shares in Eneraqua Technologies were up 9.84% at 279p.