Sterling and Wilson clinches 600MWac solar PV project from GIPCL
Sterling and Wilson Renewable Energy Limited (SWRE) has made a significant stride in the domestic solar EPC market by securing a Letter of Intent (LoI) for a massive 600MWac solar PV project in Khavda. This prestigious order comes from Gujarat Industries Power Company Limited (GIPCL) and pushes the project’s total bid value, encompassing a 3-year O&M, to approximately INR 1,130 crore.
This highly anticipated project, divided into two blocks of 300 MWac each, encompasses a wide range of responsibilities for SWRE. Their scope extends from the intricate phases of design and engineering to the critical stages of supply, construction, erection, testing, and commissioning. Furthermore, SWRE will be managing a 3-year operation & maintenance contract, showcasing their comprehensive capabilities in the solar sector.
A jubilant Amit Jain, Global CEO of Sterling and Wilson Renewable Energy Group, expressed his elation, “With this esteemed order from GIPCL, we’re catapulting our FY 2024’s total order booking to an impressive 1.6 GWp worth ~ INR 1,800 crore. SWRE’s prowess in the rapidly expanding India solar EPC market has positioned us among the frontrunners. Our strong pipeline, buoyed by contributions from PSUs, aligns seamlessly with our domestic order inflow guidance.” He went on to laud his team’s relentless dedication and expressed gratitude towards partners for their unwavering support.