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Business EconomyPosted at: Mar 7 2024 6:28PM


Torrent Power bags 306 MW solar project in Maharashtra

New Delhi, March 7 (UNI) Torrent Power on Thursday said that it has received Letter of Award from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for setting up of 306 MW grid-connected solar power project at 48 distributed locations across Nasik district.
"The company has received Letter of Award (LOA) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for supply of 306 MW solar power under Mukhya Mantri Saur Krushi Vahini Yojana 2.0 scheme for feeder level solarisation under PM KUSUM Scheme," Torrent Power said in a media release.
The LOA was handed over to the company by Devendra Fadnavis, Deputy Chief Minister of Maharashtra.
The solar project is expected to be commissioned within 18 months from the Letter of Award at an estimated cost of Rs 1,540 crores. The tariff for the project is Rs 3.10/kWh for the period of 25 years.
With the award of this 306 MW capacity, Torrent’s renewable capacity under construction has increased to 1.7 GW.
"Upon completion of these 1.7 GW projects, Torrent’s renewable capacity will increase to 3 GW in the next 18-24 months. As part of its growth strategy, the company is also working on other green energy pathways of pumped storage hydro and green hydrogen," the power company said.
UNI NK CS1830
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