Vikram Solar bags Rs 1,750-cr project from NTPC

Kolkata-based module manufacturer and EPC solutions provider Vikram Solar has bagged a 300-MW solar plant project for Rs 1750 crore (US$ 250.39 million) from National Thermal Power Corporation Ltd (NTPC) under CPSU – II scheme in a reverse bidding auction.

According to the company’s press release, the solar plant will be spread across 1,500 acres in Rajasthan and is estimated to be complete in the next 18 months.

“Vikram Solar has had a long-standing business relation with NTPC. Previously, we have executed 50-MW solar plant project in Mandsaur, Madhya Pradesh and 130 MW solar project in Bhadla, Rajasthan for NTPC,” Mr Venkat Muvvala, Head of EPC and O&M, Vikram Solar, said.

So far, the company has handled a number of large utility-scale projects including 200 MW for APGENCO in Andhra Pradesh, 130 MW for NTPC at Bhadla-Rajasthan, 80 MW for GIPCL at Charanka- Gujarat and with on-going projects of 225 MW for NTPC at Bilhaur, UP.

The company’s annual PV module production capacity stands at 1.2 GW.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.