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

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?