Torrent Power awarded a long-term Power Purchase Arrangement (“PPA”) for 300 MW capacity of Solar Power Generation to be set up in Gujarat

Torrent Power Limited (the “Company”) has been awarded a long-term Power Purchase Arrangement (“PPA”) for 300 MW capacity of Solar Power Generation to be set up in Gujarat, from the Licensed Distribution Business Unit of the Company towards the fulfillment of its RPO.

The Project shall be commissioned within 18 months from the date of execution of the PPA. The tariff for this Project is ₹ 2.22/ kWh for a period of 25 years. The cost involved in the Project is about Rs. 1,250 crore. 

Torrent forayed into the renewable energy space with a ~50 MW wind power plant in the year 2012. As a part of its journey into this environmentally benign and sustainable energy space, Torrent has till date implemented various renewable projects aggregating to around 786.5 MW (648.5 MW wind project and 138 MW solar projects). Besides these operational projects, around 515 MW renewable power projects (115 MW wind projects and 400 MW solar projects) are under implementation (including aforesaid project).