ReNew Power to buy 260 MW operational solar in Telangana

12 Aug 2021 CW Team

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

Infrastructure Urban

04 Dec 2025

ISRO’s IMAT Success Boosts Readiness for Maiden Gaganyaan Mission

Union Minister of State for Science and Technology Dr Jitendra Singh informed Parliament that ISRO has achieved a key milestone in its preparations for India’s first human space mission with the successful completion of the Integrated Main Parachute Airdrop Test (IMAT). He said in the Lok Sabha that the test forms a central part of the qualification campaign for the Crew Module’s parachute-based deceleration system, one of the most vital elements in human-rating the mission.According to Dr. Jitendra Singh, the IMAT recreated one of the most demanding descent conditions by intentionally del..

Gyanesh Kumar Takes Charge as Chair of International IDEA Council

Chief Election Commissioner of India Gyanesh Kumar has assumed the Chairship of the Council of Member States of the International Institute for Democracy and Electoral Assistance for 2026. The ceremony in Stockholm was also attended by India’s Ambassador to Sweden, Anurag Bhushan. India, a founding member of International IDEA, has long contributed to the organisation’s governance and global democratic dialogue, and the new Chairship signals broad recognition of the Election Commission of India as a trusted and innovative election management institution.During his visit, Kumar held discuss..

Coal Mines Boost Local Growth and Support India’s Energy Self-reliance

The Magadh and Amrapali coal mines in Jharkhand are playing a pivotal role in strengthening India’s energy security, contributing nearly half of Central Coalfields Limited’s total coal production in 2024–25. Both mines support the broader goal of ensuring steady coal availability for the power sector under the vision of Aatmanirbhar Bharat. Magadh has estimated mineable reserves of 854.91 million tonnes, while Amrapali holds 456.34 million tonne. For FY 2025–26, the two are expected to generate net sales revenues of Rs 28.12 billion and Rs 23.67 billion respectively. Local development ..