New Delhi, India
India, 14 April 2020: Vikram Solar, one of India’s leading module manufacturers and comprehensive EPC solutions & rooftop solar provider, has bagged a 300 MW solar plant project for INR 1,750 crore from National Thermal Power Corporation Limited (NTPC) under CPSU-II scheme in India.
The project was secured by Vikram Solar in a reverse bidding auction, and the solar plant will be spread across 1500 Acres of land in Rajasthan. Tendered under the DCR category of the CPSU, the project is expected to take 18 months to be completed
Mr. Saibaba Vutukuri, Chief Executive Officer, Vikram Solar said, “Vikram Solar is proud to have secured this order. The project is a motivation for our teams to continue focusing on delivering the best to our customers. NTPC has always focused on supporting the green energy transition in India and we are proud to be a part of NTPC’s recent effort towards solar growth. I am certain that this 300 MW plant will see successful execution within the agreed time frame and our partnership will continue to support India in providing ‘Power for All’.”
Mr. Venkat Muvvala, Head of EPC and O&M, Vikram Solar, shared on the occasion, “Vikram Solar has had a long-standing business relationship with NTPC. Previously, we have executed 50 MW solar plant projects in Mandsaur, Madhya Pradesh and 130 MW solar projects in Bhadla, Rajasthan for NTPC. It is projects like these that demonstrate the trust in Vikram Solar’s project management and execution skills.”
With a proven track record of handling large utility-scale projects (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) ), Vikram Solar has established itself as a big-league EPC player in the Solar Power Industry in the country.
In the distributed solar power market Vikram has been an established player with several airport installations (Calicut, Kolkata, Kochi, Dibrugarh, Gaya, and Gondia). Vikram Solar is contributing to the growth of the Indian solar revolution. The company has served clients like- NTPC, WBSDCL, GIPCL, BEL, BHEL, ISRO, IOCL, SBI, APGENCO, IMFA, Century Ply, KBL, etc.
About Vikram Solar:
Vikram Solar Limited (formerly known as Vikram Solar Pvt. Ltd.) is a leading solar energy solutions provider, specializing in efficient PV module manufacturing and comprehensive EPC solutions. With an international presence in 6 continents, the Company is an active contributor in shaping the solar revolution across continents. Carrying forward the extensive manufacturing experience of the Vikram Group, Vikram Solar, since 2006, is building on a 4-decade-old success story.
Vikram Solar’s annual PV module production capacity stands at 1.2 GW. The Company’s products comply with the international standards of quality, reliability, and performance. As a fully forward- integrated Solar EPC solutions provider, Vikram Solar deploys world-class technology to design, install and commission solar projects worldwide.