For its proposed 600 MWac (or 750 MWdc) solar PV project in Khavda, Sterling and Wilson Renewable Energy (SWRE) has acquired a Letter of Intent (LoI) from Gujarat Industries Power Company (GIPCL).

Around Rs 1,130 crore (including taxes and customs) would be the overall bid value, which includes O&M for three years.

There are two blocks in the project, each with 300 MWac. Design, engineering, supplies, construction, erection, testing, and commissioning are all included in the scope of work, along with a 3-year contract for operation and maintenance.

Amit Jain, Global CEO of Sterling and Wilson Renewable Energy Group, said, “We have started FY 2024 on a high note with this prestigious order from GIPCL. With this, our total order booking in this fiscal jumps to over 1.6 GWp worth Rs 1,800 crore. The India solar EPC market has experienced significant growth. And amidst this boom, SWRE has emerged as one of the top players in the domestic market in terms of order booking. We continue to have a robust pipeline with high contribution from PSUs, and remain on track to achieve our domestic order inflow guidance.”