Lakshadweep Invites Bids for 2 MW Rooftop Solar with Battery Storage

05 Mar 2025 CW Team

The Lakshadweep Electricity Department has invited bids for the installation of 2,107 kW of rooftop solar systems, each paired with a 3 kWh battery energy storage system, on government buildings.

Bids must be submitted by April 10, 2025, with the opening scheduled for the following day. An earnest money deposit of Rs 4.62 million is required, and the successful bidder must provide a security deposit equal to 5% of the contract value before signing the agreement.

The project scope includes a five-year warranty for the solar systems and comprehensive operation and maintenance for an additional five years, extendable up to 25 years.

Eligible bidders must have commissioned at least 2 MW of grid-connected solar projects in the past five financial years, including one project of at least 300 kW that has been operational for at least six months.

Companies with experience as developers or EPC contractors in sectors like power, steel, oil and gas, or cement, with a minimum project value of Rs 100 million executed within the last ten years, are also eligible. Such projects must have been operational for at least one year before the bid opening date.

Bidders must have an average annual turnover of at least Rs 108.5 million over the last three financial years and should not have incurred losses in more than two of the last five years. They must also provide a commercial bank certificate for Rs 145 million or a net worth certificate of at least Rs 362 million from a certified chartered accountant.

Only solar modules listed in the Approved List of Models and Manufacturers (ALMM) will be accepted for the project.

In June 2024, the Solar Energy Corporation of India invited bids for a similar project in Lakshadweep, commissioning 1,385 kW of grid-connected solar power with 394 kW/1117 kWh of battery storage systems.

(Mercom)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..