MGVCL invites bids for solar projects in Gujarat
POWER & RENEWABLE ENERGY

MGVCL invites bids for solar projects in Gujarat

Madhya Gujarat Vij Company (MGVCL) has invited bids to install and commission 42.8 MW of grid-connected feeder level solar power projects and the associated power line under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme. The projects will be developed under the renewable energy service company (RESCO) model. The last date to submit the bids online is September 1, 2022. Bids will be opened the following day.

Under Component C of the KUSUM programme, the government aims to solarise 1.5 million grid-connected agriculture pumps of individual capacity up to 7.5 HP by 2022. The project’s estimated cost is Rs 35 million ($440,384)/MW.

Bidders will have to submit Rs 100,000 ($1,258)/MW as an earnest money deposit. The successful bidder should furnish an amount equivalent to Rs 500,000 ($6,291)/MW within 15 days from the letter of award as a performance bank guarantee.

Madhya Gujarat Vij Company (MGVCL) has invited bids to install and commission 42.8 MW of grid-connected feeder level solar power projects and the associated power line under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme. The projects will be developed under the renewable energy service company (RESCO) model. The last date to submit the bids online is September 1, 2022. Bids will be opened the following day. Under Component C of the KUSUM programme, the government aims to solarise 1.5 million grid-connected agriculture pumps of individual capacity up to 7.5 HP by 2022. The project’s estimated cost is Rs 35 million ($440,384)/MW. Bidders will have to submit Rs 100,000 ($1,258)/MW as an earnest money deposit. The successful bidder should furnish an amount equivalent to Rs 500,000 ($6,291)/MW within 15 days from the letter of award as a performance bank guarantee.

Next Story
Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

Next Story
Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

Next Story
Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000