Mumbai, June 27 -- The projects, awarded under the RESCO (Renewable Energy Service Company) model, aim to solarize agricultural and mixed-load feeders across various substations in Bihar.

These projects will have a total installed capacity of 13.66 MW (AC) and will generate revenue through a 25-year power purchase agreement (PPA) with Bihar distribution companies NBPDCL and SBPDCL. The execution is set to be completed within 12 months.

The contracts cover three main locations: Rajoun, with a capacity of 4.221 MW valued at Rs 48.29 crore; Sakahara, with 4.285 MW worth Rs 49.02 crore; and Sambhuganj, the largest, with 5.155 MW valued at Rs 61.78 crore. Each project will receive a central government subsidy of Rs 1.05 crore per MW, plus an...