Deals1 Jul 2026, 03:03 pm
GRE Renew Enertech Signs ₹175 Cr EPC Agreement with Solarium Green Energy
AI Summary
GRE Renew Enertech Ltd has executed a definitive Engineering, Procurement and Construction (EPC) Agreement with Solarium Green Energy Limited. This agreement formalizes a previously issued Letter of Award and pertains to the development of an approximately 50 MW AC / 65 MW DC Ground Mounted Solar PV Project. The contract also includes Operation & Maintenance (O&M) services for three years. The total contract value is ₹175 crore, with ₹170 crore for EPC works and ₹5 crore for O&M. The terms are in line with the LOA, with no material deviation in commercial scope or consideration.
Key Highlights
- Executed EPC agreement for a 50 MW solar project.
- Contract value stands at ₹175 crore.
- Includes 3 years of Operation & Maintenance services.
- Agreement formalizes prior Letter of Award.
- No material deviation from initial award terms.
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