SWRE to Spearhead 600 MW solar venture at Khavda Solar Park

16 Aug 2023 CW Team

Gujarat Industries Power Company (GIPCL) has awarded Sterling and Wilson Renewable Energy (SWRE) a letter of intent for a significant 600 MW solar power project at the renowned Khavda Solar Park.

The expansive project, divided into two 300 MW blocks, encompasses a range of tasks, from design and engineering to testing, commissioning, and three years of operation and maintenance commitment.

Valued at approximately ₹11.3 billion (~$136.1 million), covering all relevant taxes and duties, the contract results from GIPCL securing the 600 MW capacity through GUVNL's Phase XVII auction's greenshoe option, matching the L1 price. Sterling and Wilson won the project bid in May, following an auction that also involved NHPC, SJVN Green Energy, and NTPC Renewable Energy.

SWRE aims to complete the solar project within 15 months, supported by performance and commitment bank guarantees. A 25-year power purchase agreement (PPA) will be signed between GUVNL and GIPCL, ensuring a lasting energy impact.

Amit Jain, Sterling and Wilson Renewable Energy Group's Global CEO, welcomed the deal, noting that their order booking this fiscal year now exceeds 1.6 GWp, totaling ~ ₹18 billion (~$216.64 million).

As Gujarat progresses in renewable energy efforts, GUVNL's latest tender aims for an additional 600 MW in grid-connected solar projects at the GIPCL solar park, reinforcing the state's dedication to sustainable growth. GUVNL's cumulative solar tender capacity has now reached an impressive 12.3 GW, as recorded by Mercom's India Solar Tender Tracker.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..