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for Development of 225MW Grid Connected Solar PV Projects at GSECL听Solar听Park听(Stage-III),听Khavda听Gujarat,听with听a听total听bid听value听of听approximately听INR听897.47听crores听(Including听GST),听including听three听years听of听O&M.
Bengaluru, December 27, 2024:听Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a prominent leader in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services, has secured a significant EPC contract from NTPC Renewable Energy Limited (NTPC REL). This contract entails the听Development of 225MW-AC听(Equivalent听To听276听MWDC)听Grid听Connected听Solar听PV听Projects听at听GSECL听Solar听Park听(Stage-III),听Khavda听located in the Rann of Kutch, Gujarat.
The听total听bid听value听for this听project,听including听operations听and听maintenance (O&M)听for听a听duration听of three years, amounts to approximately INR听897.47听crores, inclusive of taxes and duties. The contract between NTPC REL and Gensol Engineering Limited was formally executed last week, marking a substantial milestone for both entities in their pursuit of advancing renewable energy infrastructure in India.
Commenting on the development,听Shilpa Urhekar, Chief Executive Officer, Solar EPC (India) at Gensol Engineering Ltd., stated, 鈥淲e are thrilled to announce that we have been awarded the prestigious PV project contract by NTPC Renewable Energy Limited (NTPC REL) at听GSECL SOLAR听PARK听(STAGE-III),听located听in听the听Rann听of听Kutch,听Gujarat.听This听collaboration听demonstrates the belief in Gensol海角直播 leadership in project management proficiency and renewable expertise. Recognizing the听customer听needs, and excellent execution together听with world-best technology and O&M expertise is what sets apart us from other EPC players.
This order is paramount for fulfilling India海角直播 escalating need for clean and sustainable energy, in line with the government海角直播 vision to fulfill this need. We remain pledged to make our utmost contributions in all respects.鈥
