ENA Sectors 2024-11-04 15:38:52 <p><span style="font-size:14px"><strong>Mumbai, Nov 4 (KNN)</strong> In a significant development for Indias renewable energy landscape, Gensol Engineering Limited has announced the acquisition of a Rs 780 crore turnkey Engineering, Procurement, and Construction (EPC) contract to establish a 150 MWac ground-mounted solar photovoltaic (PV) power plant in Maharashtra.</span></p> <p><span style="font-size:14px">This ambitious project, awarded by a leading public sector utility, is expected to be completed over a 15-month period, showcasing Gensol's capabilities in managing the complete lifecycle of solar power development.</span></p> <p><span style="font-size:14px">The contract encompasses a wide range of responsibilities, beginning with land acquisition and extending to the final commissioning of the solar power plant.</span></p> <p><span style="font-size:14px">Gensols comprehensive scope of work includes essential phases such as design, engineering, procurement, logistics, and the intricate processes of manufacturing and supply.</span></p> <p><span style="font-size:14px">The company will also oversee the erection, installation, testing, and commissioning of the grid-connected solar facility, alongside the development of necessary power evacuation infrastructure linked to the State Transmission Utility (STU) substation.</span></p> <p><span style="font-size:14px">Additionally, the contract includes three years of operations and maintenance (O&amp;M) services, ensuring the plant's switchyard and extensive transmission infrastructure are well managed.</span></p> <p><span style="font-size:14px">Shilpa Urhekar, CEO of Solar EPC (India) at Gensol Engineering Ltd., expressed her enthusiasm for the project, highlighting its significance in advancing India's clean energy transition.</span></p> <p><span style="font-size:14px">We are deeply grateful for the trust placed in us by one of Indias leading public sector utilities. This significant project is a testament to Gensols growing expertise as a provider of comprehensive, end-to-end solar solutions.</span></p> <p><span style="font-size:14px">It will play a vital role in advancing Indias clean energy transition, aligning with our firm commitment to contributing to the right energy mix, Urhekar stated. She further emphasised the company's eagerness to collaborate with the state of Maharashtra to support and enhance Indias renewable energy goals.</span></p> <p><span style="font-size:14px">This initiative aligns with the Ministry of New and Renewable Energys (MNRE) policy introduced in April 2022, which aims to strengthen Maharashtras energy infrastructure while contributing to the nations broader sustainable energy objectives.</span></p> <p><span style="font-size:14px">By undertaking this project, Gensol Engineering Limited is poised to reinforce its position as a key player in Indias renewable energy sector, driving the country towards a more sustainable and environmentally-friendly energy future.</span></p> <p><span style="font-size:14px">As the demand for clean energy continues to surge, such ventures are crucial for meeting Indias growing energy needs and achieving its climate commitments.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39799 https://knnindia.co.in/news/newsdetails/sectors/gensol-engineering-limited-secures-rs-780-crore-solar-epc-contract-in-maharashtra 2024-11-04 15:38:52 knnindia.co.in