"Pursuant to the share purchase agreement between Torrent Power Limited and CESC Limited, Haldia Energy Limited together with the nominee shareholders (the Sellers) and Surya Vidyut Limited (SPV), completed the transaction for the acquisition of 100 percent of the share capital of Surya Vidyut Limited". He said.
Surya Vidyut operates 156 MW wind power plants, spread across Gujarat, Rajasthan and Madhya Pradesh, according to the company statement.
Sharing more information, he said that there are long-term power purchase agreements (PPAs) for the projects with the respective state non-conformities for 25 years, with a weighted average rate of Rs 4.68/kWh (kilowatt-hour).
The company did not disclose further information about the acquisition of the wind assets.
part of diversified torrent groupTorrent Power is one of the largest electricity companies with a presence throughout the value chain of power generation, transmission and distribution.
Torrent Power currently has an aggregate installed generation capacity of 3.9 GW, consisting largely of clean generation sources such as gas (2.7 GW) and renewables (0.8 GW).
