Sterling and Wilson Renewable Energy Limited (SWRE) has been granted a Letter of Intent (LoI) by Gujarat Industries Power Company Limited (GIPCL) for a forthcoming solar PV endeavor in Khavda, boasting a capacity of 600 MWac (equivalent to 750 MWdc).
The comprehensive project outlay, inclusive of a 3-year operation and maintenance provision, is estimated at approximately INR 1,130 crore, encompassing taxes and duties. The initiative encompasses two separate 300 MWac blocks, entailing tasks such as design, engineering, supply, construction, erection, testing, commissioning, and a subsequent 3-year operation and maintenance commitment.
Commenting on the occasion, Mr. Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group said, “We have started FY 2024 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 ~ INR 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 further added.
