Under this agreement, Torrent would facilitate 132 MW of solar power for SPCL’s desalination plants in Gujarat through its subsidiary Torrent Urja 8 Private Limited.
The 132 MW project’s projected project cost is INR 700 Crores.
132 MW deal has been inked, Torrent has 0.73 GW of renewable energy capacity in multiple phases of development.
The collaboration between Torrent Power, an India-based power company, and Shapoorji Pallonji, a diversified global business conglomerate interested in construction, real estate, and infrastructure, aligns with this broader trend.
Torrent Power deals with the production, transmission, and distribution of electricity. The company has a diversified RE portfolio, comprising wind, solar, and hydroelectric power.
Shapoorji Pallonji is a global company indulged in various infrastructure projects, including desalination plants, vital in water scarcity regions.
Torrent Power’s expertise in renewable energy and Shapoorji Pallonji’s experience in desalination technology could produce in a technologically advanced and efficient system.
The agreement involves the utilization of wind and solar energy to power Shapoorji Pallonji’s desalination plants. Torrent Power will establish solar parks and wind farms near the desalination facilities, ascertaining a reliable and constant supply of green power.
The collaboration between Torrent Power and Shapoorji Pallonji Group to supply green power for desalination plants symbolizes the growing commitment of significant corporations to sustainable development.
