Gensol Engineering Secures Rs 520 Crore Solar Project in Maharashtra

Gensol Engineering Secures Rs 520 Crore Solar Project in Maharashtra

Gensol Engineering Limited, an Indian solar power engineering, procurement, and construction (EPC) services and electric mobility company, has secured one of the largest-ever turnkey EPC orders in size and value from a leading power generation utility in the state of Maharashtra, the firm said today.

The project involves developing a 100 MWAC/135 MWp ground-mount solar PV power project across 500 acres in Maharashtra, with a total order value of Rs 520 Crore. This achievement underscores Gensol’s position in the renewable energy sector. 

The project aligns with the policy introduced by the Ministry of New and Renewable Energy (MNRE) in April 2022 and aims to enhance Maharashtra’s energy infrastructure while contributing significantly to India’s sustainable energy goals. 

“As a comprehensive end-to-end endeavour, Gensol’s role spans the entire gamut of the project’s lifecycle — from the intricate process of land acquisition, a significant undertaking that underlines the project’s scale and complexity, to the meticulous aspects of design, engineering, procurement, and logistics. The scope further extends to an all-encompassing array of responsibilities, including civil and electrical engineering works, the securing of necessary permits, the installation and commissioning of the plant, and a commitment to three years of operational management, inclusive of maintenance for the plant’s switchyard and its extensive transmission infrastructure,” the firm said in a statement.  

The awarding of this contract to Gensol underscores the company’s rising competence and consistent on-time delivery of projects within the renewable energy domain. The company is well-positioned to deliver as per the tender’s stipulation of a 450-day completion timeline, Gensol said.  

Commenting on the new project with optimism, Ali Imran Naqvi, CEO of Gensol Engineering Limited (EPC Business) said, “We are thankful for the trust shown by the leading state power generation utility in India in Gensol, it reflects our expanding expertise as a comprehensive provider of end-to-end solar solutions. This project will play a critical role in India’s clean energy transition and decarbonised future, and we stand 100% committed to this goal while bringing in the right energy mix. This victory underscores the team’s unwavering dedication serving as the powerful force propelling us forward on our shared path of progress. It also solidifies our reputation as a company built on robust fundamentals and an enduring drive to thrive and succeed.”