ReNew Power to buy 260 MW operational solar in Telangana
POWER & RENEWABLE ENERGY

ReNew Power to buy 260 MW operational solar in Telangana

Gurugram-based ReNew Power Limited announced that it has signed a definitive purchase agreement (DPA) to acquire 260 megawatts (MW) of operational solar projects in Telangana.

In addition, the company also inked an agreement to acquire a 99 MW hydropower project situated in Uttarakhand.

The company acquired solar and hydropower projects for Rs 28.5 billion with a total capacity of 359 MW. The projects are anticipated to generate earnings before interest, taxes, depreciation, and amortisation (EBITDA) of about Rs 3.8 billion to Rs 4 billion yearly.

The company said the solar projects have been working for about four years and have power purchase agreements (PPA) of 25-year with Northern Power Distribution Company of Telangana Limited (TSNPDCL) and Southern Power Distribution Company of Telangana Limited (TSSPDCL).

The company told the media that the acquired projects are located near to the existing solar projects of the company in Telangana that would give opportunities to raise productivity, reduce operation and maintenance expenses.

The company would also utilise its monitoring and analytical technology to increase the output of these projects.

ReNew Power also acquired L&T Uttaranchal hydropower from L&T power development, a subsidiary of Larsen & Toubro Limited (L&T).

L&T Uttaranchal Hydropower owns the Singoli Bhatwari hydroelectric project of 99 MW. In December 2020, the project became operational and is expected to have a remaining life of about 35 years. The hydropower project is expected to have a net billed generation of 360 million units yearly.

Earlier this month, the independent power producer inked a PPA with Solar Energy Corporation of India Limited (SECI) to provide 400 MW of round-the-clock (RTC) renewable power. The 25 year PPA has a tariff of Rs 2.90 kWh for the first year.

Image Source


Also read: ReNew Power signs PPA for 400 MW power supply

Gurugram-based ReNew Power Limited announced that it has signed a definitive purchase agreement (DPA) to acquire 260 megawatts (MW) of operational solar projects in Telangana. In addition, the company also inked an agreement to acquire a 99 MW hydropower project situated in Uttarakhand. The company acquired solar and hydropower projects for Rs 28.5 billion with a total capacity of 359 MW. The projects are anticipated to generate earnings before interest, taxes, depreciation, and amortisation (EBITDA) of about Rs 3.8 billion to Rs 4 billion yearly. The company said the solar projects have been working for about four years and have power purchase agreements (PPA) of 25-year with Northern Power Distribution Company of Telangana Limited (TSNPDCL) and Southern Power Distribution Company of Telangana Limited (TSSPDCL). The company told the media that the acquired projects are located near to the existing solar projects of the company in Telangana that would give opportunities to raise productivity, reduce operation and maintenance expenses. The company would also utilise its monitoring and analytical technology to increase the output of these projects. ReNew Power also acquired L&T Uttaranchal hydropower from L&T power development, a subsidiary of Larsen & Toubro Limited (L&T). L&T Uttaranchal Hydropower owns the Singoli Bhatwari hydroelectric project of 99 MW. In December 2020, the project became operational and is expected to have a remaining life of about 35 years. The hydropower project is expected to have a net billed generation of 360 million units yearly. Earlier this month, the independent power producer inked a PPA with Solar Energy Corporation of India Limited (SECI) to provide 400 MW of round-the-clock (RTC) renewable power. The 25 year PPA has a tariff of Rs 2.90 kWh for the first year. Image Source Also read: ReNew Power signs PPA for 400 MW power supply

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?