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Sterling

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Sterling and Wilson to install 300-MW project for NTPC REL

Indian solar plant installer Sterling and Wilson Renewable Energy Ltd (BOM:542760), or SWRE, has been awarded an order by NTPC Renewable Energy Ltd (NTPC REL), part of Indian state-run power producer NTPC Ltd (BOM:532555), to execute a 300-MW project at Khavda RE Power Park, Rann of Kutch, Gujarat. The engineering, procurement and construction (EPC) contract, including three years of operations and maintenance, is worth INR 15.35 billion (USD 185m/EUR 175m), the company said in a bourse filing on Friday. This is SWREโ€™s third order from NTPC REL in just over a year, the company noted, with the latest project located between the two previously secured projects. โ€œThe new order win of 300 MWac complements our existing portfolio of ~2.47 GWac currently under execution for NTPC REL in Khavda and helps us leverage the low module price environment globally,โ€ said Amit Jain, global chief executive at Sterling and Wilson Renewable Energy Group. The EPC contractor has now obtained INR 58.5 billion worth of orders from NTPC REL. Its year-to-date order intake totals INR 31 billion. The newly announced contract is expected to be formally signed in due course. https://renewablesnow.com/news/sterling-and-wilson-to-install-300-mw-project-for-ntpc-rel-835374/

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  • George Kariuki

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    40 w

    This will also help to create new jobs and boost the local economy.

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    • Edwin wangombe

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      40 w

      Renewable energy is transforming energy sources as we know them.. investing in renewable energy is investing in a bright future

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      • We Don't Have Time

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        40 w

        Hi, johnte ndeto. Thanks for posting a climate review on our platform. However, this review should not be directed to Sterling, but to Sterling and Wilson (https://app.wedonthavetime.org/profile/Sterling_and_Wilson). The idea behind our climate reviews is to make companies and organizations aware that they could (and should) do better. If enough people agree to your review, we will contact the company and ask them to join the climate dialogue. Read more here: https://www.wedonthavetime.org/our-community#guide

        • walter lungayi

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          Sterling and Wilson's contract to install a 300-MW solar project for NTPC REL is a positive development for India's renewable energy sector, as it shows continued growth and investment in clean energy.

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