SWRE has emerged as the lowest bidder in a competitive bidding against the tender invited by NTPC REL and has been awarded the contract on 01.10.2022 with total value of Rs 2,212 crore (including taxes & duties and including O&M for 3 years), it said, adding that the contract agreement for the project has been signed between NTPC REL and SWRE.
Sterling and WilsonRenewableEnergy Ltd(SWRE) on Wednesday said that it has bagged an order worth Rs 2,212 crore fromNTPCREL. The order fromNTPCRenewable Energy Ltd (NTPC REL) is for its proposed 1,255 MWac/1,568 MWdc solar PV project at Khavda RE Power Park, Rann of Kutch, Gujarat, SWRE said in aBSEfiling.
SWRE has emerged as the lowest bidder in a competitive bidding against the tender invited by NTPC REL and has been awarded the contract on 01.10.2022 with total value of Rs 2,212 crore (including taxes & duties and including O&M for 3 years), it said, adding that the contract agreement for the project has been signed between NTPC REL and SWRE.
The scope of work includes design, engineering, supply, construction, erection, testing and commissioning along with a 3-year operation and maintenance contract.
Amit Jain, Global CEO, SWRE group, said, “We are excited to win this prestigious order from NTPC REL which is our largest domestic order till date. This win demonstrates the trust and leadership of SWRE’s project management capabilities and global expertise.”
Chandra Kishore Thakur, CEO – Asia, Africa, Latin America and Europe, said, “This order is paramount for India’s growing need for clean and sustainable energy in line with the government’s vision.”
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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