Vikram Solar Wins 300 MW Solar Project from NTPC

Vikram Solar, country’s one of the leading module manufacturers and an EPC & rooftop solar solutions provider, has bagged a 300 MW solar project from National Thermal Power Corporation Limited (NTPC) under CPSU-II scheme.

Kolkata-headquartered Vikram Solar has won this solar photovoltaic (PV) project under the reverse bidding auction at a price of Rs 1,750 crore.

Commenting on the project win, Saibaba Vutukuri, Chief Executive Officer of Vikram Solar, said that “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 the agreed time frame and our partnership will continue to support India in providing ‘Power for All’.”

Further, this solar plant will be spread in an area of across 1,500 acres of land in the state of Rajasthan.

“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,” commented Venkat Muvvala, Head of EPC and O&M, Vikram Solar.

The project, which was tendered under the domestic content requirement (DCR) category of the CPSU scheme, is expected to be completed by the company in 18 months.

With proven track record of handling large utility-scale projects, the company has established itself as a big-league EPC player in the solar power industry in India.

In the distributed solar power market, the company has been an established player with several airport installations at Calicut, Kolkata, Kochi, Dibrugarh, Gaya, and Gondia. It’s wide range of client base includes – NTPC, WBSDCL, GIPCL, BEL, BHEL, ISRO, IOCL, SBI, APGENCO, IMFA, Century Ply, KBL, etc. Also, it’s annual PV module production capacity stood at 1.2 GW.