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Param Renewable Wins O&M Contract for IOCL’s 5 MW Solar Project

Gujarat-based Param Renewable Energy, the operation and maintenance (O&M) arm of Gensol, has been awarded a contract by the Indian Oil Corporation (IOCL) for the O&M of a 5 MW solar power project.

 

Param Renewable quoted a figure of Rs 14.72 million for the O&M contract for three years. The tender was floated in March this year IOCL. The tender received technical bids from nine companies, of which only two qualified for financial evaluation, and the contract was awarded to Param Renewable Energy.

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