Insolation Energy Limited receives LOI for order for Grid Connected Solar Power Plants

Insolation Energy Limited have been awarded Letter of Intent (LOI) for design, Survey, Supply, Installation, Testing and commissioning including Operation and Maintenance for 25 years from COD of grid connected solar power plants through RESCO Mode, its associated line 11 KVA line to connect the plant with various 33/11 KVA sub-station and remote monitoring system (RMS) of solar power plants under PM KUSUM SCHEME - Component A under TNDSM-16/TN-02 by:

(1) Ajmer Vidyut Vitran Nigam Limited for 6 sites. The total SPV plants capacity shall be 9 MW and the final levelized tariff shall be Rs. 2.880 per unit.

(2) Ajmer Vidyut Vitran Nigam Limited for 21 sites. The total SPV Plants Capacity shall be 28 MW and the final levelized tariff shall be Rs. 3.020 per unit.

(3) Jaipur Vidyut Vitran Nigam Limited for 1 site. The total SPV Plant Capacity shall be 1.43 MW and the final levelized tariff shall be Rs. 2.880 per unit.

The combined SPV Solar Power plant shall be 38.43 MW from these three LOI with final levelized tariff of Rs. 2.880 per unit for 7 sites and Rs. 3.020 per unit for 21 sites.

Our continued success is the direct result of the collective efforts of our exceptional teams across production, sales, and marketing. Their dedication, expertise, and relentless pursuit of excellence have been instrumental in driving Insolation Energy to new heights. This achievement also underscores our commitment to enhancing operational efficiency, optimizing working capital, and strategically broadening our customer base.

The contract will lead to an investment of approximately Rs. 134 Crores (including GST) in setting up the 38.43 MW Solar Power Project.

Source : Equity Bulls

Keywords

InsolationEnergy LOI SolarPowerPlants GridConnected RESCOMode