Power Mech Wins Rs 1.6 Bn Solar Contracts in Bihar
POWER & RENEWABLE ENERGY

Power Mech Wins Rs 1.6 Bn Solar Contracts in Bihar

Power Mech Projects Ltd has secured grid connected distributed solar contracts worth about Rs 1.59 billion from Bihar State Power Generation Company Ltd (BSPGCL). Awarded under the PM KUSUM scheme and delivered via the RESCO model, the scheme will solarise agricultural mixed load feeders through several substations across the state.

The three projects together provide 13.66 MW (AC) of capacity: Rajoun (4.221 MW, Rs 482.9 million), Sakahara (4.285 MW, Rs 490.2 million) and Sambhuganj (5.155 MW, Rs 617.8 million). Each megawatt will attract central subsidies of Rs 10.5 million and Bihar state support of Rs 4.5 million.

Revenue will flow through a 25 year power purchase agreement with the state distribution companies NBPDCL and SBPDCL. Power Mech expects to finish supply, design, installation, testing, commissioning and long term operation and maintenance within 12 months.

Power Mech Projects Ltd has secured grid connected distributed solar contracts worth about Rs 1.59 billion from Bihar State Power Generation Company Ltd (BSPGCL). Awarded under the PM KUSUM scheme and delivered via the RESCO model, the scheme will solarise agricultural mixed load feeders through several substations across the state.The three projects together provide 13.66 MW (AC) of capacity: Rajoun (4.221 MW, Rs 482.9 million), Sakahara (4.285 MW, Rs 490.2 million) and Sambhuganj (5.155 MW, Rs 617.8 million). Each megawatt will attract central subsidies of Rs 10.5 million and Bihar state support of Rs 4.5 million.Revenue will flow through a 25 year power purchase agreement with the state distribution companies NBPDCL and SBPDCL. Power Mech expects to finish supply, design, installation, testing, commissioning and long term operation and maintenance within 12 months.

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