Sterling and Wilson lands 1.3-GW solar EPC bargain from India's NTPC
- India's Sterling and Wilson Renewable Energy Ltd (BOM:542760), or SWRE, has actually obtained an agreement to style and also build a 1,255-MW solar park in your home on behalf of NTPC Renewable Energy Ltd
The award concerns a photovoltaic (PV) system in the state of Gujarat, SWRE said in a bourse filing on Wednesday. The professional was picked after sending the most affordable bid in a competitive tender held by NTPC. The award is worth INR 22.12 billion (USD 268.9 m/EUR 277m), consisting of tax obligations and duties.
The capacity will certainly be installed within the Khavda RE Power Park in Gujarat's Kutch area.
The scope of work includes the layout, design, supply, construction, erection, screening, and also appointing of the PV complex. A procedures as well as upkeep (O&M) contract for a three-year term is consisted of, also.
The contract represents SWRE's largest residential order gotten in India to date, the engineering, procurement and also construction (EPC) solutions service provider kept in mind. Currently, SWRE has 12.6 GWp of solar and also storage space tasks in its portfolio, either commissioned and under construction, and is also managing the procedures of 7 GWp of solar parks
