As per the filing made by the company, in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company wishes to inform that it has received a Letter of Award from the Limited Distribution of Torrent Power for the start-up of hybrid wind-solar projects connected to the 300 MW grid (RE Power).
The contract was awarded by Torrent Power Limited โ Distribution Unit and the important terms and conditions of the order are as follows: The tariff is Rs 3.65 per kWh and the project is to be commissioned within 24 months of the agreement of power purchase (PPA). .
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โข The term of the contract will be 25 years from the commissioning of the Project.
โข The annual CUF will not be less than 50% for any of the years during the validity of the PPA and the nominal capacity of wind and solar energy will be in the ratio of 2:1.
โข To meet the 50% CUF requirement, the Company plans to install 480 MW of wind and solar capacity against a contracted capacity of 300 MW. The term to execute the order is 24 months.
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The broad consideration or order size or project cost is Rs 3,650 crore.
Torrent Power has an optimal growth capacity of 3092 MW with a unique combination of coal and gas-based power plants using the latest power generation technologies to ensure high thermal efficiency. It also operates in the renewable energy segment with 787 MW of capacity, bringing the aggregate installed generation capacity to 4,110 MW.
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