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India to Invite Bids for 1-Gigawatt Solar Plant by March

Bharat Heavy Electricals Ltd., India’s largest power-equipment maker, plans to invite bids by March to build a 1-gigawatt solar plant as the government seeks to cut the cost of the technology by promoting large projects.

State-owned Bharat Heavy, leading a six-company joint venture, intends to auction a contract for the design and construction work in the next four months, said Tarun Kapoor, joint secretary at the Ministry of New and Renewable Energy.