Sterling & Wilson Gets 1500 MWdc NTPC Order for Rs 2,100 cr

Mumbai-based Sterling & Wilson Renewable Energy Ltd (SWRE) has said that the clean energy company has emerged as a successful bidder for a renewable energy project of Rs 2,100 crore.

Sterling & Wilson held that it emerged as the L-1 bidder for the balance of system (BOS) package comprising four blocks of the proposed solar PV plant of NTPC Renewable Energy Limited at Khavda RE Power Park, Rann of Kutch, Gujarat. Each block in the NTPC REL project is of 300 MWac.

Sterling & Wilson also said that the total capacity of the renewable energy project is 1500 MWdc. The total bid value has been informed to be Rs 2,100 crore including all taxes. This also includes operation and maintenance (O&M) for three years.

In October 2022, Sterling & Wilson announced that it had bagged this order for Rs 2212 crore. The proposed bid of the firm then announced was 1,12MWac/1568MWdc at the same location. The scope of work includes design, engineering, supply, construction, erection, testing and commissioning. It also includes a contract for operation and maintenance (O&M) for three years.

The company has operations in 25 countries. It offers EPC services for utility-scale solar, floating solar and hybrid and energy storage solutions.

Globally, Sterling & Wilson maintains a portfolio of 12.8 GW and its O&M segment is of 6 GW.

Recently, Sterling & Wilson announced that it has signed an MOU with the Nigerian Government for the development of solar PV power plants aggregating 961 MWp at five different locations in Nigeria along with battery energy storage systems (BESS) with total installed capacity of 455 MWh.

In the quarter ending December 2022, Sterling & Wilson reported a net loss of Rs 99.15 crore and a consolidated net loss of Rs 428.78 crore in the year-ago period.