RMC Switchgears to Develop 41 MW Solar Photovoltaic Power Project in Maharashtra
#RenewableEnergy #PMKUSUM #SolarPower #Photovoltaic #RMCSwitchgears"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." - Ankit Agrawal, CEO and Whole-Time Director, RMC Switchgears.
September 2024 : RMC Switchgears Limited has been awarded a contract by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the development of a 41 MW (AC) solar photovoltaic power project in RESCO model.
The project will be executed under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, a scheme launched for the solarization 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 Limited 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.
This new order not only reinforces RMC Switchgears Limited's role in advancing renewable energy but also significantly contributes to India's climate action commitments under the Paris Agreement. 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.
By collaborating with installation and commissioning experts across multiple states and leveraging their in-house team of skilled designers and supervisors, RMC is positioning itself at the forefront of the green energy revolution. The company's expansion into solar projects helps reduce carbon emissions, foster economic growth, and create green jobs, thereby contributing to India's goal of achieving 450 GW of renewable energy capacity by 2030.
Ankit Agrawal, CEO and Whole-Time Director, 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."
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