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Home » Solar » Ganeshvani Merchandise to build 5MW solar power plant in Gujarat-consulting provided by Crisil Risk & Infrastructure Solutions

Ganeshvani Merchandise to build 5MW solar power plant in Gujarat-consulting provided by Crisil Risk & Infrastructure Solutions

Gujarat has released a state specific  solar policy with an ambitious target of installing 1,000 Mw solar power capacity by the end of 2012 and 3,000 Mw in next five years. The state has already signed PPAs for about 934MW. The tariffs have been fixed in the case of Gujarat.

Bloomberg has reported earlier this month that delayed solar-power plants face fines as Gujarat sets precedent. A common complaint among various players in the ecosystem including EPC players, vendors, inverter manufacturers etc.,  is that developers are waiting and watching and in discussions all the time without making the commitments as deadlines have been rather flexible so far.

As a result of this action the activity in the solar side seems to have picked up. Last week, Panchabuta had mentioned, Sandland Real Estate Pvt. had announced plans to build a 25-megawatt solar power plant in India’s Gujarat state, according to an advertisement in the Financial Express.

The company is seeking a contractor to design, supply materials, build, and start up the plant, which will use photovoltaic panels, it said. Bids are due by April 11 and Crisil Risk & Infrastructure Solutions Ltd., the consulting and advisory unit of credit ratings company Crisil Ltd. (CRISIL), is handling the bidding process, according to the advertisement.

According to this report, Ganeshvani Merchandise Pvt. plans to build a 5-megawatt solar power plant in  Gujarat, according to an advertisement in the Financial Express.

The company is seeking a contractor to design, supply materials, build, and start the plant, which will use photovoltaic panels, it said. Bids are due by April 11.

Crisil Risk & Infrastructure Solutions Ltd., the consulting and advisory unit of credit ratings company Crisil Ltd. (CRISIL), is handling the tender, according to the advertisement. It seems like CRISIL has gotten into this game and developers when speaking to Panchabuta mentioned that they CRISIL seems a likely choice as most of them realize financing is the most difficult part and hence are going with the process that CRISIL recommends in the belief that it would increase chances of funding.

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