AHMEDABAD: Adani Renewable Energy Holding Fifteen Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL) has received a letter of award from Torrent Power Limited for setting up a 150MW solar power project.
The AGEL’s subsidiary had participated in a tender issued by the power generation and distribution company Torrent Power for the procurement of power through competitive bidding from grid connected solar photovoltaic power projects to be set up in Gujarat.
The AGEL company has been awarded a project capacity of 150MW, AGEL said in a regulatory filing with the stock exchanges.
“The fixed tariff for this project capacity is Rs 2.22 per kWh (unit) for a period of 25 years. The project is expected to be commissioned by the third quarter of fiscal 2023,” AGEL added in its communication with the bourses.
With the award of this project, AGEL now has a total portfolio of 15,390MW of renewable energy project capacity, out of which 11,870MW projects are under implementation. Of its total portfolio, AGEL has 3,520MW of operation renewable energy projects.
The green energy arm of the Ahmedabad-headquartered Adani Group, AGEL develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects.