Sterling and also Wilson Emerges As L1 Bidder for NTPC Khavda RE Park Order
- The order value is anticipated to be near to Rs 2200 crore over three years.
- The order marks the very first big win for Sterling as well as Wilson because it's renewed focus on the Indian market
Leading EPC player Sterling and Wilson Renewable energy has actually educated the stock exchanges that the business has emerged as the L-1 bidder for the BOS plan making up 4 blocks of the suggested solar PV plant of NTPC Renewable Energy Limited at Khavda RE Power Park, Rann of Kutch, Gujarat with an accumulated capacity of ~ 1570 MW DC. The total bid value, including O&M for 3 years would certainly be ~ INR 2,200 Crore (comprehensive of tax obligations).
The formal LOI and also agreement signing will certainly happen eventually.
The projects, aggregating 1255 MW (AC) were released for tendering by NTPC in June this year. NTPC Renewable energy, a 100% subsidiary of NTPC, had gotten the consent from Ministry of New and Renewable Energy (MNRE) to establish 4750 MW renewable energy park at Rann of Kutch in Khavada. This will be India's biggest solar park to be built by the biggest power manufacturer of the nation.
NTPC Renewable Energy Ltd (NTPC REL), got the permission by MNRE on 12th July 2021 under Mode 8 (Ultra Mega Renewable Energy Power Park) of Solar Park Scheme. NTPC REL has strategies to produce green hydrogen on a business scale from this park.
For Sterling and Wilson Renewable, with a portfolio (finished and also under advancement) of over 11 GW, the brand-new concentrate on India, especially, PSUs is settling here. the company has an avowed plan to tap into the huge EPC market in the US, Europe, Australia and also India, as well as had highlighted the PSU market as a particularly large opportunity in a July presentation for experts.