Oriana Power receives an order for the construction of a 29 MW solar power plant in Karnataka worth Rs 100.2 Cr

A renowned steel business in Karnataka has chosen Oriana Power Ltd to offer a 29 MW turnkey engineering, procurement, and construction (EPC) project. The deal is worth Rs 100.2 crore. 

"We are thrilled to have won this important contract for the construction of a cutting-edge 29 MW captive open access solar power plant at a prominent steel manufacturing company in Karnataka, valued at Rs 100.2 crore. This project showcases both our drive to excellence in project delivery and our commitment to sustainable energy. We are steadfastly committed to achieving excellence, environmental sustainability, and cutting-edge industry standards. Together, we are fostering positive change and paving the road for a sustainable energy future that will both benefit India and spread our influence beyond its borders, the company's executive team claimed in a regulatory filing.

Five months are expected to pass before the deal is finished. Every phase of the project's lifespan, including design, engineering, supply, and installation, will be under the company's supervision. A full year of professional operation and maintenance services will also be offered by Oriana Power Ltd. According to the statement, "This project win aligns seamlessly with the company's commitment to advancing positive environmental change and reinforcing its reputation as a reliable provider of sustainable energy solutions, thereby bolstering the nation's journey towards a more sustainable energy future." 

A major cement firm situated in Rajasthan had commissioned the company to build a 7 MW DC solar power plant, and the order was valued at Rs 343.90 million. Oriana Power Ltd would be in charge of providing the auxiliary panel with metering, as well as the supply and laying of cables for the new training centre connected to this project, which is headquartered in Rajasthan. This responsibility would be in addition to providing the solar power plant.

Solar energy solutions are offered by Oriana Power to industrial and commercial clients in Africa and India. Since its establishment in 2013, the company has completed more than 100 MW of solar installations. CAPEX and RESCO are the two primary business models that Oriana Power offers. It offers engineering, procurement, construction, and operation of solar installations for its clients using the CAPEX model. Oriana Power offers solar energy solutions under the RESCO model on a BOOT (build, own, operate, transfer) basis. On a collective basis, the company has completed 70+ projects, assisted 30+ clients, and saved 10+ million trees.