Contract Details
Saatvik Green Energy Limited has received an order from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS).
The systems are of 3 HP, 5 HP and 7.5 HP capacity to be installed at identified farmer's sites in districts of Maharashtra. The contract includes complete system warranty and its repair & maintenance and remote monitoring system for 5 Years under Magel Tyala Saur Krushi Pump Yojana/PM KUSUM B scheme.
Quantitative Figures
The total order comprises 5,000 Solar Photovoltaic Water Pumps with an approximate value of Rs. 100 Crores (exclusive of GST).
Time Period and Execution Requirements
The installation and commissioning of Solar Photovoltaic Water Pumping Systems must be completed within 60 days from the date of issuance of NTP/work order from circle office.
Contract Characteristics
- Awarding Entity: Domestic (Maharashtra State Electricity Distribution Co. Ltd.)
- Nature: Commercial contract
- No promoter/promoter group/group companies have any interest in MSEDCL
- Does not qualify as a related party transaction