torrent powerthe leading conglomerate in renewable energies, announced on Thursday, March 7, that it had obtained the contract for the installation 306MW solar energy projects for an estimated value 1,540 crore. The company received a Letter of Award (LOA) from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) for the same.
The grid-connected solar projects will be developed at 48 locations spread across the Nashik district of Maharashtra. It is conceived by MSEB Solar Agro Power Ltd (MSAPL) under the Mukhya Mantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0) for the implementation of solarization at the feeder level under Component C of the PM-KUSUM scheme connected to the distribution network.
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The project is expected to come into operation within 18 months at a rate of 3.10/kWh for 25 years. With this project, Torrent's renewable capacity under construction rises to 1.7 GW. The company's total renewable capacity will increase to 3 GW in the next 18 to 24 months after the commissioning of the project.
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