Project Award Details

Powerica Limited has emerged as a winning bidder in the e-Reverse auction conducted by Solar Energy Corporation Limited (SECI) for purchase of power through competitive bidding process from 2,000 MW grid-connected Wind Power Projects. The company successfully secured a bid for a 100MW project capacity.

The electronic reverse auction was finalized on July 15, 2026, where Powerica Limited had submitted its competitive bid. The company's discovered tariff was ₹3.85 per unit.

The Letter of Award (LOA) is expected to be awarded within the stipulated timelines prescribed in the tender document.

Project Execution Framework

Under the tender framework, Powerica Limited will enter into a Power Purchase Agreement (PPA) with SECI. Subsequent to receiving the Letter of Award, the company will utilize its comprehensive in-house engineering capability to execute this project, ensuring delivery within the contractually prescribed tender timelines.

Company Background

Powerica Limited is an integrated power solutions provider specializing in diesel generator sets (DG sets) for both primary and standby applications, and also operates in Wind Power business as an Independent Power Producer (IPP) and EPC including O&M for Balance of plant.

The company commenced its DG sets business in 1984 and expanded to medium speed large generators (MSLG) in 1996. As one of the OEMs for Cummins India, the company has maintained a relationship with them for over four decades. The company also develops the MSLG segment in collaboration with HD Hyundai Heavy Industries Co., Limited on a non-exclusive basis.

The company provides generator sets with capacities ranging from 7.5 kVA to 10,000 kVA.

Wind Power Business Operations

The company entered the wind power sector in 2008 as an independent power producer (IPP) and subsequently developed capabilities as an EPC contractor and operation and maintenance (O&M) service provider for balance of plant (BoP).

Current operational Wind Power Project portfolio stands at 330.85 MW across 12 projects, supported by long-term, fixed-tariff PPAs with GUVNL and SECI, generally with a term of 25 years.

EPC for BoP experience covers 12 wind power projects with an aggregate installed capacity of 450.40 MW. The company also provides O&M services for BoP at 10 wind power projects, with an aggregate installed capacity of 296.50 MW.

Financial Impact

Financial impact not quantified in the disclosure.