The Gujarat Industries Power Company (GIPCL) has issued letters of Intent (LoI) to Vikram Solar to set up two solar power projects of 40 MW each at Charanka solar park. Vikram Solar has secured the engineering, procurement and construction (EPC) agreement to develop these projects. The scope of work also includes operation and maintenance services by Vikram for a 10-year period. The projects are scheduled to be commissioned by June, 2017.