March 5, 2024 CW Team
The project involves establishing ISTS-connected solar and wind energy projects in Maharashtra. Torrent Power will be responsible for the design, engineering, procurement, supply, construction, operation and maintenance of the projects.
The auction, held under SECI's ISTS programme, is part of the government's ongoing efforts to promote renewable energy generation and facilitate the transmission of clean energy between states. Torrent Power's successful bid positions the company to contribute significantly to the renewable energy landscape in Maharashtra.
This development aligns with India's broader commitment to increasing the share of renewable energy in its overall energy mix. ISTS-connected projects play a crucial role in ensuring the efficient transmission of renewable energy from resource-rich regions to areas with high electricity demand.
Torrent Power's participation and success in this auction underlines the active participation and interest of the private sector in expanding India's renewable energy capacity. The projects resulting from this auction are expected to contribute to the state's renewable energy goals, promoting sustainability and reducing dependence on conventional energy sources.