Gensol Engineering Secures Contract For 62 MW Solar PV Power Project In Maharashtra

Gensol Engineering Limited announce its successful bid to lead the conceptualization, engineering, provisioning, installation, testing, and commissioning of an innovative 62 MW Crystalline Solar PV Technology Grid Interactive Solar PV Power Plant. This project is located in the village of Paras, Taluka Balapur, District Akola, Maharashtra. It serves as a testament to Gensol’s deep-rooted expertise and unwavering commitment to advancing renewable energy, endorsed by the esteemed Maharashtra State Power Generation Co. Ltd. (MAHAGENCO), headquartered at ‘HDIL Tower’, Bandra (East), Mumbai.

MAHAGENCO has set forth a visionary plan to establish a remarkable solar power facility in Maharashtra, aligning with the principles of a pivotal policy known as “Flexibility in Generation of Thermal Power station through Bundling with Renewable Energy,” introduced by the Ministry of New and Renewable Energy in April 2022.

What adds to the project’s appeal is Gensol Engineering Limited’s strategic advantage of incorporating solar trackers—an advanced technology that dynamically adjusts solar panels to track the sun’s movement, thereby optimizing energy production. This distinctive capability is further strengthened by Gensol’s recent acquisition of Scorpius Trackers, a frontrunner in solar tracker technology. This synergy not only elevates Gensol’s technological capabilities but also streamlines its supply chain, ensuring the smooth and efficient delivery of top-tier components.

This expansive project calls for a holistic approach. Beyond the primary Solar PV Power Plant installation, Gensol’s responsibilities extend to the establishment of the associated high-tension overhead transmission lines and underground cables, along with all essential electrical equipment. It also includes the creation of bays that converge at the point of interconnection within the 220 kV bays at the Paras Substation. Additionally, Gensol is entrusted with a five-year operation and maintenance stewardship of the solar power plant and its related evacuation mechanisms.

Gensol Engineering Limited has emerged as the chosen entity, securing a comprehensive contract valued at ₹301,54,79,730, inclusive of taxes. The company is committed to delivering this project within a dedicated 12-month timeframe.

“We are deeply humbled and invigorated by the trust reposed in us by MAHAGENCO. As we embark on this monumental endeavor, our dedication to advancing India’s sustainable energy landscape remains resolute,” articulated Ali Imran Naqvi, CEO of Gensol Engineering Limited.

Gensol Engineering Limited’s successful bid and the subsequent contract represent a significant step towards enhancing renewable energy infrastructure in Maharashtra, marking a key milestone in the journey toward a more sustainable and environmentally friendly future.