Noida-based solar energy solutions company Oriana Power has won the auction to construct a 20 MW ground-mounted solar photovoltaic power project in Dhanbad, Jharkhand, for Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL).

The Engineering, Procurement, and Construction (EPC) phase is expected to conclude within a year. The estimated value is ₹1.38 billion (~$16.6 million), including GST and operation and maintenance expenses.

The company will manage all aspects of the project’s lifecycle, including planning, acquiring solar equipment, building, rigorous testing, smooth commissioning, integration with the transmission grid, and a commitment to five years of operation and maintenance.

The initiative aims to produce sufficient clean energy to meet the needs of over 10,000 households while offsetting roughly 26,000 tonnes of CO2 emissions annually.

Oriana Power said the project acquisition aligns with the company’s endeavors to contribute to the nation’s transition towards a more sustainable energy future.

In case the company fails to complete the work within the agreed-upon timeframe, a penalty of 0.5% of the contract price per week of delay, up to a maximum of 10% of the total value, will be imposed as predetermined damages.

The electricity generated from the solar project will be consumed by BCCL for its own use.

BCCL will transmit the electricity to the nearest Damodar Valley Corporation (DVC) substation located six kilometers away from the project location using a 33 kV line. BCCL will secure the authorization for this transmission.

Oriana Power must ensure the generation of 37.43 million units of electricity during the initial year, with a permissible degradation of 0.7% for the subsequent years.

The capacity utilization factor is expected to be 21.67% for the first year, and up to 0.7% reduction is allowed for the following years.

Last month, Oriana Power concluded its pre-initial public offering with the participation of several stock market veterans.

Oriana Power was recently incorporated into Solar Energy Corporation of India’s list of empaneled engineering, procurement, and construction contractors for 5.98 MW out of 50 MW grid-connected rooftop solar systems.