Construction Industry News
Sterling and Wilson Renewable Energy (SWRE) announced that it has won an order from NTPC Renewable Energy (NTPC REL) for the proposed 1,255 MWac/1,568 MWdc solar PV project at Khavda RE Power Park, Rann of Kutch in Gujarat.
SWRE has emerged as the L-1 (lowest) bidder in a competitive bid against the tender invited by NTPC REL and was awarded the contract on October 1, 2022 with a total value of Rs 2,212 crore including taxes and duties and operations and maintenance costs three years. The contract agreement for the project has been signed between NTPC REL and SWRE.
The project scope of work includes design, engineering, supply, construction, assembly, testing and commissioning, along with a three-year operation and maintenance contract.
Amit Jain, Global CEO, SWRE Group, said: “We are delighted to win this prestigious order from NTPC REL, our largest domestic order to date. This victory demonstrates the confidence and leadership of SWRE's project management capabilities and global expertise. Our understanding customer needs and an excellent track record of execution coupled with world class technology and operational and management prowess is what sets us apart from other engineering, procurement and construction (EPC) players.
Chandra Kishore Thakur, CEO - Asia, Africa, Latin America and Europe, said: "This order is paramount to India's growing need for clean and renewable energy in line with the government's vision. As a company of This domestic order gain from NTPC REL reinforces our position as one of the leaders in the EPC space.In addition to our exponential growth in the international market over the past decade, we also remain a dominant player in the domestic market.”
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