Deals27 Dec 2024, 01:18 am
Gensol Engineering L.td. Secures INR 897.47 Crores EPC Contract from NTPC Renewable Energy Limited for 225MW Solar PV Projects in Gujarat
AI Summary
Gensol Engineering Limited, a leading renewable energy sector company, has secured an EPC contract from NTPC Renewable Energy Limited for the Development of 225MW Grid Connected Solar PV Projects at GSECL Solar Park (Stage-III), Khavda, Gujarat. The total bid value of the project, including three years of O&M, is approximately INR 897.47 crores (Including GST). This contract marks a significant milestone for both entities in their pursuit of advancing renewable energy infrastructure in India.
Key Highlights
- Gensol Engineering Limited has secured an EPC contract from NTPC Renewable Energy Limited for the Development of 225MW Grid Connected Solar PV Projects at GSECL Solar Park (Stage-III), Khavda, Gujarat.
- The total bid value of the project, including three years of O&M, is approximately INR 897.47 crores (Including GST).
- The contract between NTPC REL and Gensol Engineering Limited was formally executed last week.
- Gensol Engineering Limited is a leading player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services.
- The project is expected to contribute significantly to India's escalating need for clean and sustainable energy.