Deals15 Mar 2025, 10:26 pm
RMC Switchgears Secures Rs. 320 Crore LOA for 50 MW Rooftop Solar Initiative in Rajasthan
AI Summary
RMC Switchgears Ltd. has received a Letter of Acceptance (LOA) from the Government of Rajasthan for the installation of rooftop solar systems with an aggregate capacity of 50 MW across State Government Buildings in Jaipur and Dausa. Valued at Rs. 320 Crore, the project will provide a one-time revenue opportunity of Rs. 3229 crore and recurring revenue of Rs. 91 Crores over the next 25 years against O&M. This establishes a steady long-term income stream for RMC through O&M services over the project’s lifecycle.
Key Highlights
- RMC Switchgears has secured a Letter of Acceptance (LOA) from the Government of Rajasthan for a 50 MW rooftop solar project.
- The project is valued at Rs. 320 Crore and will generate a one-time revenue opportunity of Rs. 3229 crore and recurring revenue of Rs. 91 Crores over the next 25 years.
- RMC will be responsible for the design, supply, erection, and commissioning of the rooftop solar projects.
- The project will be executed under the Hybrid Annuity Mode (HAM), ensuring long-term financial sustainability.
- RMC will oversee the operation and maintenance (O&M) of the solar installations for the next 25 years from the date of commissioning.