Blog

USolar Clean Energy Solutions Private Limited has emerged as the lowest bidder (L1) for the 20 MW floating solar photovoltaic (PV) project to be developed at Maroda Reservoir-2 in Bhilai, Durg, Chhattisgarh. The project has been floated by NTPC-SAIL Power Company Limited (NSPCL), a joint venture between NTPC and SAIL, through a domestic competitive bidding process using a single-stage, two-envelope system.

Although USolar submitted a financial bid of ₹127.47 crore, the bidder ranking was not based on the overall project cost. Instead, NSPCL evaluated bids using the lowest cost per unit of estimated annual electricity generation (₹/MU). Based on this evaluation method, USolar secured the top position with a quoted rate of ₹2.90 crore per MU, supported by an estimated annual electricity generation of 43.90 million units (MU).

InSolare Energy Limited emerged as the second-lowest bidder (L2), quoting ₹134.88 crore with an evaluated rate of ₹2.96 crore per MU and an estimated annual generation of 45.54 MU. SLNKO Energy Private Limited ranked third (L3) with a bid of ₹138.30 crore at ₹3.12 crore per MU. Oriana Power secured the fourth position (L4) with a bid of ₹137.71 crore at ₹3.14 crore per MU, followed by Floatex Solar (L5) at ₹139.15 crore with ₹3.17 crore per MU, and BVG India Limited (L6) with a bid of ₹144.61 crore, also evaluated at ₹3.17 crore per MU.

The project is scheduled to be completed within one year. The selected contractor will be responsible for the engineering, design, supply, installation, testing, and commissioning of the floating solar plant. The scope also includes floating platforms, anchoring systems, solar modules, civil, electrical, and mechanical works, as well as the 33 kV underground power evacuation system and a SCADA-based central monitoring system. After commissioning, the successful bidder will also provide operation and maintenance (O&M) services for three years.

USolar Clean Energy Solutions Private Limited has emerged as the lowest bidder (L1) for the 20 MW floating solar photovoltaic (PV) project to be developed at Maroda Reservoir-2 in Bhilai, Durg, Chhattisgarh. The project has been floated by NTPC-SAIL Power Company Limited (NSPCL), a joint venture between NTPC and SAIL, through a domestic competitive bidding process using a single-stage, two-envelope system.

Although USolar submitted a financial bid of ₹127.47 crore, the bidder ranking was not based on the overall project cost. Instead, NSPCL evaluated bids using the lowest cost per unit of estimated annual electricity generation (₹/MU). Based on this evaluation method, USolar secured the top position with a quoted rate of ₹2.90 crore per MU, supported by an estimated annual electricity generation of 43.90 million units (MU).

InSolare Energy Limited emerged as the second-lowest bidder (L2), quoting ₹134.88 crore with an evaluated rate of ₹2.96 crore per MU and an estimated annual generation of 45.54 MU. SLNKO Energy Private Limited ranked third (L3) with a bid of ₹138.30 crore at ₹3.12 crore per MU. Oriana Power secured the fourth position (L4) with a bid of ₹137.71 crore at ₹3.14 crore per MU, followed by Floatex Solar (L5) at ₹139.15 crore with ₹3.17 crore per MU, and BVG India Limited (L6) with a bid of ₹144.61 crore, also evaluated at ₹3.17 crore per MU.

The project is scheduled to be completed within one year. The selected contractor will be responsible for the engineering, design, supply, installation, testing, and commissioning of the floating solar plant. The scope also includes floating platforms, anchoring systems, solar modules, civil, electrical, and mechanical works, as well as the 33 kV underground power evacuation system and a SCADA-based central monitoring system. After commissioning, the successful bidder will also provide operation and maintenance (O&M) services for three years.

USolar Clean Energy Solutions Private Limited has emerged as the lowest bidder (L1) for the 20 MW floating solar photovoltaic (PV) project to be developed at Maroda Reservoir-2 in Bhilai, Durg, Chhattisgarh. The project has been floated by NTPC-SAIL Power Company Limited (NSPCL), a joint venture between NTPC and SAIL, through a domestic competitive bidding process using a single-stage, two-envelope system.

Although USolar submitted a financial bid of ₹127.47 crore, the bidder ranking was not based on the overall project cost. Instead, NSPCL evaluated bids using the lowest cost per unit of estimated annual electricity generation (₹/MU). Based on this evaluation method, USolar secured the top position with a quoted rate of ₹2.90 crore per MU, supported by an estimated annual electricity generation of 43.90 million units (MU).

InSolare Energy Limited emerged as the second-lowest bidder (L2), quoting ₹134.88 crore with an evaluated rate of ₹2.96 crore per MU and an estimated annual generation of 45.54 MU. SLNKO Energy Private Limited ranked third (L3) with a bid of ₹138.30 crore at ₹3.12 crore per MU. Oriana Power secured the fourth position (L4) with a bid of ₹137.71 crore at ₹3.14 crore per MU, followed by Floatex Solar (L5) at ₹139.15 crore with ₹3.17 crore per MU, and BVG India Limited (L6) with a bid of ₹144.61 crore, also evaluated at ₹3.17 crore per MU.

The project is scheduled to be completed within one year. The selected contractor will be responsible for the engineering, design, supply, installation, testing, and commissioning of the floating solar plant. The scope also includes floating platforms, anchoring systems, solar modules, civil, electrical, and mechanical works, as well as the 33 kV underground power evacuation system and a SCADA-based central monitoring system. After commissioning, the successful bidder will also provide operation and maintenance (O&M) services for three years.

USolar Clean Energy Solutions Private Limited has emerged as the lowest bidder (L1) for the 20 MW floating solar photovoltaic (PV) project to be developed at Maroda Reservoir-2 in Bhilai, Durg, Chhattisgarh. The project has been floated by NTPC-SAIL Power Company Limited (NSPCL), a joint venture between NTPC and SAIL, through a domestic competitive bidding process using a single-stage, two-envelope system.

Although USolar submitted a financial bid of ₹127.47 crore, the bidder ranking was not based on the overall project cost. Instead, NSPCL evaluated bids using the lowest cost per unit of estimated annual electricity generation (₹/MU). Based on this evaluation method, USolar secured the top position with a quoted rate of ₹2.90 crore per MU, supported by an estimated annual electricity generation of 43.90 million units (MU).

InSolare Energy Limited emerged as the second-lowest bidder (L2), quoting ₹134.88 crore with an evaluated rate of ₹2.96 crore per MU and an estimated annual generation of 45.54 MU. SLNKO Energy Private Limited ranked third (L3) with a bid of ₹138.30 crore at ₹3.12 crore per MU. Oriana Power secured the fourth position (L4) with a bid of ₹137.71 crore at ₹3.14 crore per MU, followed by Floatex Solar (L5) at ₹139.15 crore with ₹3.17 crore per MU, and BVG India Limited (L6) with a bid of ₹144.61 crore, also evaluated at ₹3.17 crore per MU.

The project is scheduled to be completed within one year. The selected contractor will be responsible for the engineering, design, supply, installation, testing, and commissioning of the floating solar plant. The scope also includes floating platforms, anchoring systems, solar modules, civil, electrical, and mechanical works, as well as the 33 kV underground power evacuation system and a SCADA-based central monitoring system. After commissioning, the successful bidder will also provide operation and maintenance (O&M) services for three years.

EKA Mobility, an electric commercial vehicle manufacturer and an OEM under the Government of India’s Auto PLI Scheme, has announced the appointment of Prashant Kumar Banerjee as Group Head – Government and Corporate Affairs.

Banerjee will lead the Group’s Government Relations, Corporate Affairs, Public Policy and Corporate Social Responsibility (CSR) functions. He will drive stakeholder engagement, policy advocacy and strategic partnerships while working closely with government bodies, industry associations and key stakeholders to support the group’s long-term growth and sustainability objectives.

Commenting on the appointment, Sudhir Mehta, Founder and Chairman, EKA Mobility, said, “Prashant’s industry, policy and regulatory expertise is a unique combination that will be a great asset to EKA Mobility as it strengthens our leadership in the mobility sector. His deep. understanding of the automotive ecosystem, coupled with his extensive engagement with national and international stakeholders, will help us build globally competitive and sustainable mobility solutions. We are happy to have him join the EKA family.”

Banerjee brings over 36 years of experience in the automotive industry, having held leadership positions with globally renowned organisations including Tata Motors, Jaguar Land Rover (JLR), Daewoo Motors, Toyota and IIT Bombay. Most recently, as Executive Director at the Society of Indian Automobile Manufacturers (SIAM), he played a pivotal role in shaping automotive regulations, industry standards and policy advocacy for the Indian automobile industry.

Commenting on his appointment, Prashant Kumar Banerjee, Group Head Government and Corporate Affairs, EKA Mobility, said, “The mobility sector is undergoing a profound transformation driven by electrification, sustainability and technological innovation. EKA Mobility has emerged as a pioneering force in India’s clean mobility ecosystem with a strong vision for future-ready transportation solutions. I look forward to working with policymakers, industry stakeholders and partners to support the Company’s growth journey and contribute to India’s sustainable mobility ambitions.”

He has represented India at the United Nations Economic Commission for Europe (UNECE) WP.29 forums, and, on behalf of the Ministry of Road Transport and Highways, chairs India’s GRSG contributing to the development of vehicle construction regulations, with particular emphasis on electric and hydrogen mobility.

In recognition of his contributions to sustainable transportation and bioenergy, Banerjee was conferred Brazil’s prestigious Order of Rio Branco, one of the country’s highest civilian honours.

EKA Mobility, an electric commercial vehicle manufacturer and an OEM under the Government of India’s Auto PLI Scheme, has announced the appointment of Prashant Kumar Banerjee as Group Head – Government and Corporate Affairs.

Banerjee will lead the Group’s Government Relations, Corporate Affairs, Public Policy and Corporate Social Responsibility (CSR) functions. He will drive stakeholder engagement, policy advocacy and strategic partnerships while working closely with government bodies, industry associations and key stakeholders to support the group’s long-term growth and sustainability objectives.

Commenting on the appointment, Sudhir Mehta, Founder and Chairman, EKA Mobility, said, “Prashant’s industry, policy and regulatory expertise is a unique combination that will be a great asset to EKA Mobility as it strengthens our leadership in the mobility sector. His deep. understanding of the automotive ecosystem, coupled with his extensive engagement with national and international stakeholders, will help us build globally competitive and sustainable mobility solutions. We are happy to have him join the EKA family.”

Banerjee brings over 36 years of experience in the automotive industry, having held leadership positions with globally renowned organisations including Tata Motors, Jaguar Land Rover (JLR), Daewoo Motors, Toyota and IIT Bombay. Most recently, as Executive Director at the Society of Indian Automobile Manufacturers (SIAM), he played a pivotal role in shaping automotive regulations, industry standards and policy advocacy for the Indian automobile industry.

Commenting on his appointment, Prashant Kumar Banerjee, Group Head Government and Corporate Affairs, EKA Mobility, said, “The mobility sector is undergoing a profound transformation driven by electrification, sustainability and technological innovation. EKA Mobility has emerged as a pioneering force in India’s clean mobility ecosystem with a strong vision for future-ready transportation solutions. I look forward to working with policymakers, industry stakeholders and partners to support the Company’s growth journey and contribute to India’s sustainable mobility ambitions.”

He has represented India at the United Nations Economic Commission for Europe (UNECE) WP.29 forums, and, on behalf of the Ministry of Road Transport and Highways, chairs India’s GRSG contributing to the development of vehicle construction regulations, with particular emphasis on electric and hydrogen mobility.

In recognition of his contributions to sustainable transportation and bioenergy, Banerjee was conferred Brazil’s prestigious Order of Rio Branco, one of the country’s highest civilian honours.

EKA Mobility, an electric commercial vehicle manufacturer and an OEM under the Government of India’s Auto PLI Scheme, has announced the appointment of Prashant Kumar Banerjee as Group Head – Government and Corporate Affairs.

Banerjee will lead the Group’s Government Relations, Corporate Affairs, Public Policy and Corporate Social Responsibility (CSR) functions. He will drive stakeholder engagement, policy advocacy and strategic partnerships while working closely with government bodies, industry associations and key stakeholders to support the group’s long-term growth and sustainability objectives.

Commenting on the appointment, Sudhir Mehta, Founder and Chairman, EKA Mobility, said, “Prashant’s industry, policy and regulatory expertise is a unique combination that will be a great asset to EKA Mobility as it strengthens our leadership in the mobility sector. His deep. understanding of the automotive ecosystem, coupled with his extensive engagement with national and international stakeholders, will help us build globally competitive and sustainable mobility solutions. We are happy to have him join the EKA family.”

Banerjee brings over 36 years of experience in the automotive industry, having held leadership positions with globally renowned organisations including Tata Motors, Jaguar Land Rover (JLR), Daewoo Motors, Toyota and IIT Bombay. Most recently, as Executive Director at the Society of Indian Automobile Manufacturers (SIAM), he played a pivotal role in shaping automotive regulations, industry standards and policy advocacy for the Indian automobile industry.

Commenting on his appointment, Prashant Kumar Banerjee, Group Head Government and Corporate Affairs, EKA Mobility, said, “The mobility sector is undergoing a profound transformation driven by electrification, sustainability and technological innovation. EKA Mobility has emerged as a pioneering force in India’s clean mobility ecosystem with a strong vision for future-ready transportation solutions. I look forward to working with policymakers, industry stakeholders and partners to support the Company’s growth journey and contribute to India’s sustainable mobility ambitions.”

He has represented India at the United Nations Economic Commission for Europe (UNECE) WP.29 forums, and, on behalf of the Ministry of Road Transport and Highways, chairs India’s GRSG contributing to the development of vehicle construction regulations, with particular emphasis on electric and hydrogen mobility.

In recognition of his contributions to sustainable transportation and bioenergy, Banerjee was conferred Brazil’s prestigious Order of Rio Branco, one of the country’s highest civilian honours.

EKA Mobility, an electric commercial vehicle manufacturer and an OEM under the Government of India’s Auto PLI Scheme, has announced the appointment of Prashant Kumar Banerjee as Group Head – Government and Corporate Affairs.

Banerjee will lead the Group’s Government Relations, Corporate Affairs, Public Policy and Corporate Social Responsibility (CSR) functions. He will drive stakeholder engagement, policy advocacy and strategic partnerships while working closely with government bodies, industry associations and key stakeholders to support the group’s long-term growth and sustainability objectives.

Commenting on the appointment, Sudhir Mehta, Founder and Chairman, EKA Mobility, said, “Prashant’s industry, policy and regulatory expertise is a unique combination that will be a great asset to EKA Mobility as it strengthens our leadership in the mobility sector. His deep. understanding of the automotive ecosystem, coupled with his extensive engagement with national and international stakeholders, will help us build globally competitive and sustainable mobility solutions. We are happy to have him join the EKA family.”

Banerjee brings over 36 years of experience in the automotive industry, having held leadership positions with globally renowned organisations including Tata Motors, Jaguar Land Rover (JLR), Daewoo Motors, Toyota and IIT Bombay. Most recently, as Executive Director at the Society of Indian Automobile Manufacturers (SIAM), he played a pivotal role in shaping automotive regulations, industry standards and policy advocacy for the Indian automobile industry.

Commenting on his appointment, Prashant Kumar Banerjee, Group Head Government and Corporate Affairs, EKA Mobility, said, “The mobility sector is undergoing a profound transformation driven by electrification, sustainability and technological innovation. EKA Mobility has emerged as a pioneering force in India’s clean mobility ecosystem with a strong vision for future-ready transportation solutions. I look forward to working with policymakers, industry stakeholders and partners to support the Company’s growth journey and contribute to India’s sustainable mobility ambitions.”

He has represented India at the United Nations Economic Commission for Europe (UNECE) WP.29 forums, and, on behalf of the Ministry of Road Transport and Highways, chairs India’s GRSG contributing to the development of vehicle construction regulations, with particular emphasis on electric and hydrogen mobility.

In recognition of his contributions to sustainable transportation and bioenergy, Banerjee was conferred Brazil’s prestigious Order of Rio Branco, one of the country’s highest civilian honours.

EKA Mobility, an electric commercial vehicle manufacturer and an OEM under the Government of India’s Auto PLI Scheme, has announced the appointment of Prashant Kumar Banerjee as Group Head – Government and Corporate Affairs.

Banerjee will lead the Group’s Government Relations, Corporate Affairs, Public Policy and Corporate Social Responsibility (CSR) functions. He will drive stakeholder engagement, policy advocacy and strategic partnerships while working closely with government bodies, industry associations and key stakeholders to support the group’s long-term growth and sustainability objectives.

Commenting on the appointment, Sudhir Mehta, Founder and Chairman, EKA Mobility, said, “Prashant’s industry, policy and regulatory expertise is a unique combination that will be a great asset to EKA Mobility as it strengthens our leadership in the mobility sector. His deep. understanding of the automotive ecosystem, coupled with his extensive engagement with national and international stakeholders, will help us build globally competitive and sustainable mobility solutions. We are happy to have him join the EKA family.”

Banerjee brings over 36 years of experience in the automotive industry, having held leadership positions with globally renowned organisations including Tata Motors, Jaguar Land Rover (JLR), Daewoo Motors, Toyota and IIT Bombay. Most recently, as Executive Director at the Society of Indian Automobile Manufacturers (SIAM), he played a pivotal role in shaping automotive regulations, industry standards and policy advocacy for the Indian automobile industry.

Commenting on his appointment, Prashant Kumar Banerjee, Group Head Government and Corporate Affairs, EKA Mobility, said, “The mobility sector is undergoing a profound transformation driven by electrification, sustainability and technological innovation. EKA Mobility has emerged as a pioneering force in India’s clean mobility ecosystem with a strong vision for future-ready transportation solutions. I look forward to working with policymakers, industry stakeholders and partners to support the Company’s growth journey and contribute to India’s sustainable mobility ambitions.”

He has represented India at the United Nations Economic Commission for Europe (UNECE) WP.29 forums, and, on behalf of the Ministry of Road Transport and Highways, chairs India’s GRSG contributing to the development of vehicle construction regulations, with particular emphasis on electric and hydrogen mobility.

In recognition of his contributions to sustainable transportation and bioenergy, Banerjee was conferred Brazil’s prestigious Order of Rio Branco, one of the country’s highest civilian honours.