+
Param Renewable bags IOCL’s 5 MW solar project
POWER & RENEWABLE ENERGY

Param Renewable bags IOCL’s 5 MW solar project

Gujarat-based Param Renewable Energy, the operation and maintenance (O&M) arm of Gensol, has been awarded a contract by the Indian Oil Corporation (IOCL) for the O&M of a 5 MW solar power project located at IOCL’s Rawra facility in the Jodhpur district of Rajasthan for three years.

Param Renewable quoted a figure of Rs 14.72 million for the O&M contract for three years. The tender was floated in March this year IOCL. The tender received technical bids from nine companies, of which only two qualified for financial evaluation, and the contract was awarded to Param Renewable Energy.

Shri Sai Electrical was the other company that qualified for the financial round. Param Renewable will be responsible for all types of preventive, scheduled, and breakdown maintenance with the objective of maximizing electricity generation.

The company must ensure a minimum performance ratio of 76%, subject to 99.6% grid availability. An initial security deposit of Rs 124,800 ($1,522) must be submitted by the company within 30 days from the issuance of the letter of acceptance.

Gujarat-based Param Renewable Energy, the operation and maintenance (O&M) arm of Gensol, has been awarded a contract by the Indian Oil Corporation (IOCL) for the O&M of a 5 MW solar power project located at IOCL’s Rawra facility in the Jodhpur district of Rajasthan for three years.Param Renewable quoted a figure of Rs 14.72 million for the O&M contract for three years. The tender was floated in March this year IOCL. The tender received technical bids from nine companies, of which only two qualified for financial evaluation, and the contract was awarded to Param Renewable Energy.Shri Sai Electrical was the other company that qualified for the financial round. Param Renewable will be responsible for all types of preventive, scheduled, and breakdown maintenance with the objective of maximizing electricity generation.The company must ensure a minimum performance ratio of 76%, subject to 99.6% grid availability. An initial security deposit of Rs 124,800 ($1,522) must be submitted by the company within 30 days from the issuance of the letter of acceptance.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Syrma SGS Elemaster Opens High-Reliability Electronics Facility

Syrma SGS Technology and Elemaster Group have inaugurated a new high-reliability electronics manufacturing facility in Bengaluru through their joint venture, Syrma SGS Elemaster Private Limited.The facility aims to strengthen India’s advanced electronics manufacturing capabilities and support customers across domestic and global markets, particularly in sectors requiring high quality, reliability and stringent manufacturing standards.Located in the Bommasandra Industrial Area, the 20,000 sq. ft. facility is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) ..

Next Story
Real Estate

UrbanVault Expands Chennai Workspace Portfolio with 100,000 Sq. Ft.

UrbanVault has expanded into Chennai with approximately 100,000 sq. ft. of managed workspace across three properties, strengthening its presence in India’s flexible workspace market.The company’s Chennai portfolio includes Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road. The expansion marks UrbanVault’s entry into its seventh city, taking its national footprint to more than 3 million sq. ft. across 80+ centres.UrbanVault expects its annual revenue to cross Rs 350 crore in FY27, supported by expansion across major business hubs and rising demand for manage..

Next Story
Real Estate

LML Realty Launches Digital Platform for Custom Factories

LML Realty has launched ‘Your Factory’, a digital platform that enables businesses to configure, customise and order built-to-suit factories online. The platform combines plot selection, factory specifications, pricing and development into a single digital interface.Businesses can select plot sizes ranging from 500 sq. yd. to 10 acres and customise requirements such as factory size, height, structure, crane provisions and power needs. The platform provides instant quotations, allowing users to view configurations and pricing while designing their facilities.Pricing for the built-to-suit fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code