Sterling and Wilson Renewable Energy has bagged an order approximately worth ₹ 2,200 crore from NTPC.
The total bid value, including operations and maintenance (O&M) for three years, would be ₹ 2,200 crore inclusive of taxes, Sterling and Wilson said. The formal LOI and contract signing will happen in due course, the company said in a statement.
“We are pleased to inform that the company has emerged as the L-1 bidder for the BOS package comprising four blocks of the proposed solar photovoltaic (PV) plant of NTPC Renewable Energy Limited,” the company said in a regulatory filing.
The plant will come up in Khavda RE Power Park, Rann of Kutch, Gujarat and have an aggregate capacity of 1,570 megawatts. In the June quarter, the company reported a loss of ₹10 crore on a revenue of ₹79 crore.
Currently, renewable energy has a 26.53 per cent share of the total installed generation capacity, according to the Ministry of New and Renewable Energy.
