Engineering, procurement, and construction (EPC) service provider Saatvik Green has secured two EPC contracts for 23 MW solar projects from the Himachal Pradesh Power Corporation (HPPCL).

Saatvik Green will implement 11 MW and 12 MW solar projects in Lamlehri Upperli and Gondpur Bulla, respectively, in Himachal Pradesh.

The tenders were floated last June.

Saatvik Green will use N-type tunnel oxide passivated contact (N-TOPCon) modules for the Gondpur project to generate 19.13 million units of energy annually. It will use Mono passivated emitter and rear contact (PERC) modules for the Lamlehri project to produce 17.13 million units annually.

The company will be responsible for the end-to-end delivery of the commissioned projects to HPPCL. It will develop the land, design, engineer, procure equipment and material, pack, forward, transport, supply, unload, and test the manufacturer’s work for the projects.

It will provide complete insurance, associated civil works, electrical works, services, permits, licenses, installation, erection, commissioning, performance demonstration, and operational acceptance of the grid-interactive solar projects on a turnkey basis.

Saatvik will also provide comprehensive operation and maintenance for eight years. It will provide the equipment, materials, and services for operating the solar projects and integrating them with an evacuation system of the state electricity authority.

In November 2024, the company filed its draft red herring prospectus with the Securities and Exchange Board of India to raise up to ₹11.5 billion (~$136.26 million) through an initial public offering.

Last December, Saatvik added 1,174 MW of solar module capacity to the Approved List of Models and Manufacturers.

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