Adani Inexperienced’s Subsidiary Commissions a 50 MW Portray voltaic Venture in Rajasthan

Kilaj Portray voltaic (Maharashtra) Private Runt, a step-down subsidiary of Adani Inexperienced Energy Runt (AGEL), has commissioned a 50 MW solar vitality challenge having a vitality bewitch agreement (PPA) with Portray voltaic Energy Company of India (SECI) at ₹2.54 (~$0.03)/kWh for 25 years.

Kilaj Portray voltaic is a subsidiary of Mahoba Portray voltaic of Adani Team. The 50 MW challenge is located in Rajasthan.

In its Bombay Stock Alternate submitting, the corporate said, “With this, 2.6 GW of renewable vitality projects is now operational. AGEL has a total of 5.99 GW portfolio of renewable potential in India, out of which 3.39 GW projects are below implementation.”

In July 2018, Mercom reported that  CME Portray voltaic, Shapoorji Pallonji, Hero Portray voltaic, Mahindra Susten, Mahoba Portray voltaic (Adani), and Azure Energy emerged because the winners within the general public sale by the Portray voltaic Energy Company of India (SECI) for 2 GW of Interstate Transmission Machine (ISTS)-connected solar projects to be developed across the nation. Mahoba Portray voltaic (Adani), which had placed the expose for 500 MW, succeeded in winning totally 50 MW at ₹2.54 (~$0.03)/kWh.

SECI had tendered the 2 GW potential in January 2018. The potential tendered change into as soon as destroy up into eight projects of 250 MW every. Mercom also reported lately that the at ease change into as soon as oversubscribed by 1.8 GW.

When requested how did the corporate prepare to total and fee the challenge when the govt. has known as for a nationwide lockdown amid the Coronavirus (COVID-19) outbreak, an organization source told Mercom that the challenge change into as soon as ready before the lockdown change into as soon as announced.

Meanwhile, India’s lockdown has now been prolonged to Might per chance maybe well 3, 2020. The Ministry of Home Affairs (MHA), in its revised pointers, has now allowed chosen additional actions which is able to return into enact from April 20, 2020. The announcement is a gargantuan respite to the renewable industry, because the enchancment of renewable vitality projects will now be allowed from April 20, 2020.

Image credit ranking: Praveensustain / CC BY-SA

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