Module manufacturer and EPC provider Vikram Solar has secured a 300 MW solar project from state-owned power generator NTPC in a reverse bidding auction.
The project—under the second phase of Central Public Sector Undertaking scheme—is to be developed using domestically made solar cells and modules.
The project, worth Rs 1,750 crore, will be spread across 1500 acres of land in Rajasthan. Expected completion period is 18 months.
Speaking about the project, Vikram Solar CEO Saibaba Vutukuri said, “NTPC has always focused towards supporting the green energy transition in India and we are proud to be a part of NTPC’s recent effort towards solar growth. I am certain that this 300 MW plant will see successful execution within agreed time frame.”
Venkat Muvvala, Head of EPC and O&M, added, “Vikram Solar has had a long standing business relation with NTPC. Previously, we have executed 50 MW solar plant project in Mandsaur, Madhya Pradesh and 130 MW solar project in Bhadla, Rajasthan for NTPC.”
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Earlier some are fighting for imported solar modules etc., because those are cheap. They even went to the court in favour of import. This sudden change is perhaps due to Carona effect.
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