A wholly-owned subsidiary of Adani Green Energy Ltd has won a 150-mw solar project in Gujarat, under the tariff-based competitive bidding process.
In a stock exchange notification, Adani Green Energy Ltd said that Adani Renewable Energy Holding Fifteen Ltd, its wholly-owned subsidiary, had participated in a tender issued by power utility Torrent Power Ltd for power procurement. This procurement, based on competitive tariff, is to be made through a grid-tied solar photovoltaic project to be set up in Gujarat.
Accordingly, Adani Renewable Energy Holding Fifteen Ltd has been awarded a 150-mw solar power project to be set up in Gujarat. The fixed tariff for this project is Rs.2.22 per kwh, for a period of 25 years. The project is expected to commission by the third quarter of FY23 (which is by December 2023), Adani Green Energy said.
Also read: Adani, Torrent Express Interest In SEUPPTCL Takeover
Green portfolio
With this 150-mw project, the total renewable energy portfolio of Adani Green Energy Ltd has reached 15390 mw, out of which 3520 is operational while the remaining 11870 mw is under various stages of implementation.
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