Gensol Secures ₹3 Billion Solar EPC Contract in Maharashtra

The 62 MW solar project is expected to be completed in the upcoming 12 months


Engineering and consulting firm Gensol Engineering has secured a ₹3.02 billion (~$36.3 million) contract to construct a solar power project from Maharashtra State Power Generation Company (MAHAGENCO). The company will undertake the conceptualization, engineering, provisioning, installation, testing, and commissioning of a 62 MW grid-connected solar photovoltaic project.

The facility will be in the village of Paras, Taluka Balapur, District Akola, Maharashtra.

Gensol said it is committed to bringing the project to fruition within a 12-month timeframe.

Gensol’s responsibilities extend to establishing the associated HT overhead transmission lines, underground cables, and all essential electrical equipment.

It also encompasses the creation of bays culminating at the interconnection point at the 220 kV bays at Paras Substation.

Gensol will also operate and maintain the solar project and its associated evacuation mechanism for five years.

Ali Imran Naqvi, CEO of Gensol Engineering, said, “We are deeply humbled and invigorated by the trust reposed in us by MAHAGENCO. As we set forth on this monumental endeavor, our allegiance to propelling India’s sustainable energy landscape remains unwavering.”

Gensol recently acquired Scorpius Trackers, a solar tracker technology company. The acquisition is expected to enhance Gensol’s technological prowess and promise a more efficient supply chain, ensuring the seamless delivery of premium components.

In July, Gensol Engineering was awarded the engineering, procurement, and construction contract by the Damodar Valley Corporation for an 8 MW ground-mounted solar power project in Panchet town of Dhanbad district in Jharkhand.

The company also won two international solar engineering, procurement, and construction contracts with a cumulative capacity of 14.08 MW in Dubai with the Dubai Government Workshop and the Dubai Police. The estimated value of the contract is ₹1.016 billion (~$12.29 million).

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