PSU Watch logo

| Paras Defence and Space Technologies raises Rs 51-cr from anchor investors ahead of IPO |   | IREDA is on the five-fold future plan for the next five years: CMD |   | RCP Singh urges steel PSUs to contribute towards national projects, cut cost of production |   | Torrent Power signs SPA for acquisition of 100% stake in Surya Vidyut Ltd |   | Paras Defence IPO subscribed 16.57 times on day 1, massive response from retail investors |  

BHEL wins orders for setting up 135 MW solar photovoltaic plants

BHEL’s current portfolio consists of more than 850 MW of SPV plants, of which nearly 500 MW has already been commissioned
New Delhi: Bharat Heavy Electricals Limited (BHEL) has won three major orders in quick succession, for setting up solar photovoltaic (SPV) power plants of 135 MW, on Engineering, Procurement and Construction (EPC) basis, in Maharashtra and Gujarat. Cumulatively valued at Rs 520 crore, the orders have been secured from Maharashtra State Power Generation Company Ltd (MAHAGENCO), Gujarat State Electricity Corporation Ltd (GSECL) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC).

The SPV power plants

The order received from MAHAGENCO envisages setting up a 50 MW SPV plant at Kaudgaon in Osmanabad district of Maharashtra. Notably, BHEL is also associated with Maharashtra’s renewable energy ventures with its SPV modules being installed in the solarisation of agricultural feeders. The GSECL order envisages setting up a 75 MW SPV plant at Dhuvaran in Anand district of Gujarat. The order from GNFC for a 10 MW SPV plant has reinforced BHEL’s contribution of 205 MW of green energy in Gujarat, out of which 130 MW is in Gujarat’s Solar park at Charanka.

BHEL moves towards renewable energy

BHEL is offering EPC solutions for both off-grid and grid-interactive SPV plants at various locations in India, including the Lakshadweep islands and has now established its prowess in contributing significantly towards green energy for the country, said an official release. “This is evident from its current portfolio of more than 850 MW of SPV plants, of which nearly 500 MW has already been commissioned,” it added.