GP Eco Solutions India Limited has officially received a Letter of Intent (LOI) from Braithwaite & CO. Limited, a Government of India undertaking, for the development of a 10 MWp (AC) / 12 MWp solar power plant at Pradip Port Authority. The value of the contract amounts to Rs 50.52 Crore, exclusive of GST.

This LOI marks a significant milestone for GP Eco Solutions India Limited as it embarks on a large-scale solar project that will not only enhance its portfolio but also contribute to India’s renewable energy goals. The project will be developed by GP Eco Solutions as the lead member of a consortium, alongside Synergy Wave System LLP. This strategic collaboration ensures the successful implementation of the Design, Engineering, Procurement, Supply, Construction, Erection, Testing, and Commissioning (EPC) phases, followed by Comprehensive Operations & Maintenance (O&M) services for 10 years.

The project will be based in Pradip Port Authority, a key location poised for growth, and will play a vital role in supporting India's push towards increasing the share of renewable energy in its overall energy mix.

According to the announcement, the scheduled date of commencement of work is May 5, 2025, with the scheduled completion date slated for February 28, 2026. This timeline provides a window for the company to effectively execute the project and ensure it meets all the necessary benchmarks for success.

This partnership not only highlights the trust placed in GP Eco Solutions India Limited but also reinforces the company's capabilities in executing large-scale renewable energy projects. The expected success of this solar project aligns with national priorities to meet ambitious renewable energy targets, helping reduce dependency on non-renewable sources.

By engaging in this collaboration, GP Eco Solutions India Limited continues to pave the way for more sustainable and eco-friendly energy solutions. The company remains committed to delivering exceptional quality and service, backed by strong expertise in the solar power sector. The LOI from Braithwaite & CO. Limited marks the beginning of an exciting new chapter in India’s renewable energy sector, one that promises significant positive impact on both the environment and the economy.

The successful execution of this project will also enhance GP Eco Solutions India’s reputation and strengthen its foothold in the growing Indian solar energy market. The company’s commitment to ensuring a smooth execution of the solar project is bolstered by its extensive experience and technical proficiency in the renewable energy sector.

This Letter of Intent (LOI) announcement is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and compliance with regulatory guidelines. The company’s stakeholders, including shareholders and investors, are encouraged to take note of this development as it aligns with the company’s strategic objectives for growth and sustainability in the renewable energy sector.

In conclusion, the LOI for the 10 MWp solar project from Braithwaite & CO. Limited positions GP Eco Solutions India Limited as a leader in the Indian solar energy space, with an eye toward expanding its presence and capabilities. The company is optimistic about the successful execution and completion of this project, which will bring forth long-term value and contribute to the national shift toward cleaner energy solutions.

As the project progresses, stakeholders will be kept informed of its developments, with updates following the set milestones for commencement and completion.

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