RMC Switchgears Bags 41 MW Solar PV Project in Maharashtra
RMC Switchgears has received an order for the development of a 41 MW (AC) solar photovoltaic power project in Maharashtra from Maharashtra State Electricity Distribution Company.
September 17, 2024. By Mrinmoy Dey
The project will be executed under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, a scheme launched for the solarisation of agricultural feeders under the PM-KUSUM Scheme.
This contract, awarded through a competitive bidding process and an e-reverse auction, marks a significant milestone for RMC Switchgears in its ongoing efforts to expand its footprint in the renewable energy sector.
The power generated from this project will be purchased by MSEDCL at a fixed tariff, as approved by the Maharashtra Electricity Regulatory Commission (MERC), for a period of 25 years from the Scheduled Commercial Operation Date. The project will be implemented across various sites in Maharashtra, as specified by MSEDCL.
Commenting on the development, Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears, said, “This order marks an important milestone for our company as we strive to expand our footprint in the renewable energy landscape. The development of a 41 MW (AC) solar photovoltaic power project is a testament to our commitment to participating in the strategic substitution of fossil fuels within India's energy sector.”
He further informed that the company is actively pursuing additional tenders exceeding 500 MWp and is engaging with both public and private sector entities to achieve the ambitious goal of securing 1 GWp in renewable energy.
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