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Tembo Global Wins Rs.595 Crore Solar Power Contract from MSEDCL

2024-10-16

Tembo Global Industries Ltd. has secured a significant ?5.95 billion contract from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to build solar photovoltaic power stations with a capacity of 124 MW (AC). This project is part of the Mukhyamantri Saur Krushi Vahini Yojana 2.0, under the PM-KUSUM scheme, which focuses on solarizing agricultural feeders across Maharashtra.

The project will commence after the contract is signed and is slated for completion within 18 months. Sanjay Patel, Managing Director of Tembo Global Industries, highlighted the company's venture into the solar Mechanical, Electrical, and Plumbing (MEP) segment, stating, “This contract win reflects our ability to deliver high-value solutions in the solar sector.”

Tembo Global recently expanded into the solar MEP space, aligning with India’s goal of achieving 300 GW of solar energy capacity by 2030. With a diverse portfolio in sectors like oil, gas, and construction, the company is well-positioned to make a significant impact in the renewable energy market, which is expected to exceed $300 billion by 2025.