Larsen & Toubro wins $73M EPC contract for 100 MW floating solar project in India

New Delhi-based Solar Energy Corporation of India (SECI) has awarded Larsen & Toubro (L&T) with a five-year engineering procurement and construction (EPC) contract for a floating solar project to be built at Getalsud Dam in Ranchi in eastern India’s state of Jharkhand. 

The contract, which is worth approximately $73.1 million, covers design, engineering, supply, construction, testing, and commissioning, along with five years of operation and maintenance (O&M). 

It comprises around $71 million for the EPC phase and $1.9 million for the O&M phase.

SECI opened a tender for the construction and operation of the 100 MW floating solar plant in 2022. 

The project was tendered through international competitive bidding and financed by the World Bank. 

Recently L&T also secured an order to build a 75 MW floating solar park project on the Panchet Dam in Jharkhand, India.

The floating solar project on the Panchet Dam is a part of the Ultra Mega Renewable Energy Power Bank (UMREPP) being developed on Damodar Valley corporation reservoirs in Jharkhand and West Bengal.