Suratwwala Business Group’s subsidiary -- Suratwwala Natural Energy Resource has secured Letter of Intent (LoI) worth Rs 69 crore (excluding GST) from M/s Shree Tatyasaheb Kore Warana SSK for EPC contract. The LoI is for design, supply, construction, installation, testing, commissioning and operation & maintenance of 20MW (AC)/ 28.1 MW (DC) Solar Power Plant Kolhapur, Sangli District (Maharashtra).
The comprehensive operation & maintenance cost is Rs 50 lakh per year and Minimum Guaranteed Generation is 42.0048 MUs per year. In accordance with the terms of the LoI, a detailed work schedule specifying the commencement and completion dates for each major activity, including both supplies and services, shall be prepared and mutually agreed upon, and the work shall be completed within the agreed timeframes of 4 months.
Suratwwala Business Group is a real estate development company primarily focusing on development of residential and commercial projects in the Pune district.
