Vikram Solar has bagged a 300 MW solar plant project for INR 1,750 crore from National Thermal Power Corporation Limited (NTPC) under CPSU-II scheme. 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
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 towards 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 agreed time frame and our partnership will continue to support India in providing ‘Power for All’.”
Venkat Muvvala, Head of EPC and O&M, Vikram Solar, shared on the occasion, “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. It is projects like these which demonstrate the trust in Vikram Solar’s project management and execution skills.”
With 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 Indian solar revolution. The company has served clients like- NTPC, WBSDCL, GIPCL, BEL, BHEL, ISRO, IOCL, SBI, APGENCO, IMFA, Century Ply, KBL, etc.