Hyderabad’s Shirdi Sai Electricals bags 4,000 MW module manufacturing bid from IREDA
Hyderabad: Indian Renewable Energy Development Agency (IREDA) has issued Letter of Award (LoA) to Hyderabad-based Shirdi Sai Electricals Limited (SSEL), for setting up manufacturing capacities for high efficiency solar PV modules under the Production Linked Incentive scheme (PLI) floated by Ministry of New & Renewable energy (MNRE).
In the bids invited by IREDA for setting up Manufacturing facilities for ‘High Efficiency Solar PV Modules’, SSEL has participated and won this bid for a capacity of 4,000 MW to set up Polysilicon + Ingot-Wafer + Cell + Module alongside other industrial groups like Reliance and Jindal.
Shirdi Sai Electricals said it has been operating in the transmission and distribution sector and has been manufacturing transformers for more than 25 years. As an EPC player, SSEL has installed more than 80,000 kms of LT and HT transmission lines and has worked on many complex turnkey projects in the domestic and international markets.
Based on techno-economic analysis, Central Electricity Authority (CEA) has indicated in their Optimum Energy Mix report that 2,80,000 MW capacity from solar energy will be needed by 2029-30 which needs an installation of 25,000 MW per annum of Solar energy till 2030.
With this vision in mind, the Cabinet has approved Production Linked Incentive (PLI) for enhancing India’s manufacturing capabilities and exports under Atmanirbhar Bharat initiative.
One of the schemes approved by the Cabinet is Manufacturing ‘High Efficiency Solar PV Modules’ with a financial outlay of Rs 4,500 crore over a five-year period and Indian Renewable Energy Development Agency Limited (IREDA), was appointed as an implementing agency for this scheme by MNRE.
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