Sterling and Wilson Renewable Energy Ltd (SWRE) announced that it has received a Letter of Intent (LoI) from Gujarat Industries Power Company Ltd (GIPCL), for its proposed 600 MWac (equivalent to 750 MWdc) solar PV project at Khavda.
The total bid value, including O&M for three years would be Rs.1,130 crore crore (including taxes & duties). The project comprises two blocks, with each block of 300 MWac. Scope of work includes design, engineering, supply, construction, erection, testing, and commissioning along with a three-year operation & maintenance contract.
This is the third win for Sterling and Wilson Renewable Energy in the Khavda region, with an aggregate capacity of over 3.8 GWp
Commenting on the occasion, Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group said, “We have started FY24 on a high note, with this prestigious order from GIPCL. With this, our total order booking in this fiscal jumps to over 1.6 GWp worth around Rs.1,800 crore. The India solar EPC market has experienced significant growth. And amidst this boom, SWRE has emerged as one of the top players in the domestic market in terms of order booking. We continue to have a robust pipeline with high contribution from PSUs, and remain on track to achieve our domestic order inflow guidance.”
“This win demonstrates the trust and leadership of SWRE’s project management capabilities and expertise. I am particularly proud of my team for their untiring efforts in winning this order. I would also like to thank our partners for their continued support”, he added.
Also read: Sterling And Wilson Renewable Energy Wins Rs.800 Crore-Plus Orders
Featured photograph is for representation only.
