Oriana Power, a Noida-based renewable energy company, has secured a ₹1 billion (~$12.08 million) contract for the turnkey engineering, procurement, and construction (EPC) of a 29 MW captive open access solar project for a renowned steel manufacturer in Karnataka.
The project is expected to be commissioned in five months. Oriana Power will oversee all aspects of the project’s lifecycle, from design and engineering to supply and installation. Additionally, the company will provide operation and maintenance services for an entire year after the commissioning of the project.
Winning this contract comes on the heels of another recent order worth ₹343.90 million (~$4.14 million) for a 7 MWdc solar power project for a cement company based in Rajasthan. This project also includes the supply of auxiliary panels with metering and the supply and laying of cables for a new training center in Rajasthan.
The company has delivered over 100 MW of solar projects under two primary business models: Capital Expenditure (CAPEX) and the Renewable Energy Service Company (RESCO).
Oriana Power recently won the auction to construct a 20 MW ground-mounted solar photovoltaic power project in Dhanbad, Jharkhand, for Bharat Coking Coal, a subsidiary of Coal India.
Oriana was recently added to Solar Energy Corporation of India’s list of empaneled EPC contractors for 5.98 MW out of 50 MW grid-connected rooftop solar systems.
Mercom recently reported on how Karnataka’s commercial and industrial consumers can save 20-30% in power costs with solar open access.
According to the recently published Q2 2023 Mercom India Solar Open Access Market Report, Karnataka accounted for more than 34% of the cumulative solar open access capacity at the end of the first half 2023.
In December last year, Steel Minister Jyotiraditya Scindia told Parliament that the government of India is considering mandating the use of ‘green steel’ in government projects with the goal of decarbonizing one of the most hard-to-abate sectors.
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