India's Vikram Solar wins 130 MW of EPC deals in Rajasthan

India’s Vikram Solar wins 130 MW of EPC deals in Rajasthan

SeeNews Renewables — Indian firm Vikram Solar has won engineering, procurement and construction (EPC) contracts for 130 MW as part of NTPC’s (BOM:532555) competitive solar power auction in Rajasthan state, held last week. The solar module maker and plant builder has won two 65-MW projects at INR 56.28 million (USD 849,400/EUR 775,000) per MW, local consultancy Bridge to India said on Monday. According to the latter’s summary of last week’s Indian solar tenders, Tata Power (BOM:500400) and Jakson have also been awarded EPC contracts for 65 MW each. The price proposed by them is INR 56.40 million/MW and INR 56.34 […]

By Derick Lila December 23, 20150

SeeNews Renewables — Indian firm Vikram Solar has won engineering, procurement and construction (EPC) contracts for 130 MW as part of NTPC’s (BOM:532555) competitive solar power auction in Rajasthan state, held last week.

The solar module maker and plant builder has won two 65-MW projects at INR 56.28 million (USD 849,400/EUR 775,000) per MW, local consultancy Bridge to India said on Monday.

According to the latter’s summary of last week’s Indian solar tenders, Tata Power (BOM:500400) and Jakson have also been awarded EPC contracts for 65 MW each. The price proposed by them is INR 56.40 million/MW and INR 56.34 million/MW, respectively.

The solar plants that will be built by the three parties will form part of the Bhadla solar park. NTPC will develop and finance all projects.

Bridge to India noted that auctions have now been completed for more than 10 GW of solar power capacity in India and an additional 6.5 GW are to be procured over the next three months. Also last week, a joint venture between Japan’s SoftBank and India’s Bharti Group won power purchase agreements (PPAs) for 350 MW in Andhra Pradesh.

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SeeNews Renewables goes beyond the familiar renewable markets of Western Europe and the US to encompass the potential of BRIC counties and emerging investment destinations in North Africa, the Asia Pacific, Central and Eastern Europe. SeeNews Renewables is covering all renewable energy sources: wind, solar, hydropower, biomass, geothermal and marine energy.