Vikran Engineering’s wholly-owned subsidiary -- NOPL Solar Projects (NOPL) has entered into a facility agreement with Indian Renewable Energy Development Agency (IREDA) for availing a rupee term loan facility aggregating up to Rs 2,941.19 crore.
The facility is intended to part finance the development of a 969 MWac / 1,163 MWp solar photovoltaic power project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY) Scheme, comprising 152 locations across Maharashtra, at an estimated project cost of Rs 4,201.70 crore.
With the execution of the aforesaid Facility Agreement, the financing arrangements for the EPC contract awarded to Vikran Engineering by NOPL of Rs. 3517.98 Crore, for the development of the 969 MW solar power project have been finalised, marking a significant milestone towards the implementation and execution of the project.
Vikran Engineering is an EPC Company offering a wide range of integrated end to end services including infrastructures project, power transmission and distribution, Extra High Voltage (EHV) substation and water infrastructure including design, supply, civil works, construction, testing and commissioning.
