Construction major Sharda Construction and Corporation Pvt Ltd (SCACPL) has signed up India�s leading solar power solutions company Waaree Energies Limited to build 17 MW solar power plant on complete turnkey solution terms.
The above project is a part of a Letter of Intent (LOI) signed between the two companies to continuously explore the possibility of setting up solar power plants in the country.
SCACPL is a leading Government registered class 1 contractor based in Nanded, Maharashtra, which won an allotment of 10 MW project in Maharashtra in the DCR category of Jawaharlal Nehru National Solar Mission�s Phase 2 and the 7 MW project in Karnataka by Karnataka Renewable Energy Development Limited (KREDL). According to the terms of LOI, Waaree Energies Limited will be responsible for Engineering Procurement & Commissioning (EPC) of 10 MW solar photovoltaic plant in the State of Maharashtra and 7 MW plant in the State of Karnataka.
"This order is a testimony to our corporate values of putting our customers first, commitment to quality and integrity which we have strived for since inception,� said Hitesh Doshi, Chairman and Managing Director of Waaree Group.
WAAREE is one of India's leading "multi-technology� companies, headquartered in Mumbai. Founded in 1989, Waaree successfully developed cutting edge technologies to become one of the most preferred brands in the field of instrumentation. The company�s major business lines are solar energy, industrial valves, petroleum equipment and process control instrumentation. Over the years WAAREE has rapidly expanded, combining organic growth with selective acquisition policies. The primary objective is to be at the forefront of industrial development by being commercially and technologically advanced. Waaree has presence in over 68 countries.
Waaree Energies Limited
602, Western Edge-I, Off. Western Highway Express, Borivali (East), Mumbai-400066. Maharashtra,India