HPCL Invites Bids for Floating Solar Projects
POWER & RENEWABLE ENERGY

HPCL Invites Bids for Floating Solar Projects

HPCL Renewable and Green Energy (HPRGE) is seeking bids for the engineering, procurement, and construction (EPC) of three floating solar projects: a 9 MW project in Jaisalmer and a 14 MW project in Balotra, both located in Rajasthan, as well as a 2 MW project in Visakhapatnam, Andhra Pradesh.

Bidders must submit their proposals by October 15, 2024. The successful bidders will also be responsible for the operation and maintenance of the projects for a decade. The Jaisalmer project's electricity can be transmitted via intra-state open access, while the Balotra and Visakhapatnam projects will utilize a behind-the-meter consumption system.

Financial requirements for bidders vary: an average turnover of ?72.6 million is needed for Jaisalmer, ?97.5 million for Balotra, and ?9 million for Visakhapatnam, based on the past three years. Bidders must also demonstrate experience in executing similar floating solar projects, with specific capacity requirements.

This initiative aligns with HPCL's ongoing efforts to enhance renewable energy capacities. In May, HPRGE sought bids for consultancy services for various rooftop and floating solar projects, totaling 81.5 MW in capacity.

The growing focus on floating solar technology represents a significant step toward diversifying India’s renewable energy sources and enhancing energy security.

HPCL Renewable and Green Energy (HPRGE) is seeking bids for the engineering, procurement, and construction (EPC) of three floating solar projects: a 9 MW project in Jaisalmer and a 14 MW project in Balotra, both located in Rajasthan, as well as a 2 MW project in Visakhapatnam, Andhra Pradesh. Bidders must submit their proposals by October 15, 2024. The successful bidders will also be responsible for the operation and maintenance of the projects for a decade. The Jaisalmer project's electricity can be transmitted via intra-state open access, while the Balotra and Visakhapatnam projects will utilize a behind-the-meter consumption system. Financial requirements for bidders vary: an average turnover of ?72.6 million is needed for Jaisalmer, ?97.5 million for Balotra, and ?9 million for Visakhapatnam, based on the past three years. Bidders must also demonstrate experience in executing similar floating solar projects, with specific capacity requirements. This initiative aligns with HPCL's ongoing efforts to enhance renewable energy capacities. In May, HPRGE sought bids for consultancy services for various rooftop and floating solar projects, totaling 81.5 MW in capacity. The growing focus on floating solar technology represents a significant step toward diversifying India’s renewable energy sources and enhancing energy security.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?