Sterling & Wilson wins Rs 11.30 bn order

01 Aug 2023

Sterling and Wilson Renewable Energy announced that they had secured a new order valued at Rs 11.30 billion for a solar PV project of 600 MWac (equivalent to 750 MWdc) in Khavda from Gujarat Industries Power Company.

According to a company statement, Sterling and Wilson Renewable Energy had received a Letter of Intent (LoI) from Gujarat Industries Power Company Limited (GIPCL) regarding their proposed solar PV project of 600 MWac (equivalent to 750 MWdc) in Khavda.

The entire bid value, which covers operation and maintenance (O&M) for a duration of 3 years, would amount to Rs 11.30 billion, inclusive of taxes and duties.
The project is divided into two blocks, each consisting of 300 MWac. The tasks involved encompass designing, engineering, supplying, constructing, erecting, testing, and commissioning, along with a 3-year contract for operation and maintenance.

As stated in the announcement, Amit Jain, the Global CEO of Sterling and Wilson Renewable Energy Group, mentioned that they had begun the fiscal year 2024 on a positive note with the reception of this esteemed order from GIPCL. He added that this order brought their total order bookings for the fiscal year to over 1.6 GWp, amounting to Rs 18 billion.

Sterling and Wilson Renewable Energy functions as a worldwide provider of comprehensive renewable engineering, procurement, and construction (EPC) solutions, solely focused on the renewable energy sector.

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