Torrent Power bags 50 MW solar plant in Telangana from SkyPower
POWER & RENEWABLE ENERGY

Torrent Power bags 50 MW solar plant in Telangana from SkyPower

Torrent Power Limited has bagged a 50 MW solar power plant from SkyPower in Telangana with an enterprise value for the acquisition is around Rs 417 crore.

The solar power plant is owned by SkyPower Southeast Asia III Investments Limited and SkyPower Southeast Asia Holdings 2 Limited and operated through the Special Purpose Vehicle (SPV) Sunshakti Solar Power Projects Private Limited.

The project benefits from a 25 years power purchase agreement (PPA) with Northern Power Distribution Company of Telangana Limited (NPDCTL) at a fixed tariff of around Rs 5.35 per KWh, with the remaining useful life of around 20 years.

It follows the acquisition of a 50 MW solar asset from Lightsource BP in Maharashtra.

Torrent Power is a part of the Torrent Group, with group revenues of Rs 20,500 crore and a market cap of Rs 75,000 crore, one of the largest companies in the Indian power sector with a presence across the overall power value chain of generation, transmission, and distribution.

The company has an aggregate installed generation capacity of 4.1 GW, including clean generation sources such as gas of 2.7 GW and renewables of 1 GW. Torrent Power has 400 MW of renewable energy plants under development.

With this acquisition of a 50 MW solar power plant, its total generation capacity, including an under-development portfolio, will reach 4.6 GW with a renewable portfolio of over 1.5 GW.

Image Source

Also read: Torrent Power bags 156 MW wind projects worth Rs 7.9 bn from CESC

Torrent Power Limited has bagged a 50 MW solar power plant from SkyPower in Telangana with an enterprise value for the acquisition is around Rs 417 crore. The solar power plant is owned by SkyPower Southeast Asia III Investments Limited and SkyPower Southeast Asia Holdings 2 Limited and operated through the Special Purpose Vehicle (SPV) Sunshakti Solar Power Projects Private Limited. The project benefits from a 25 years power purchase agreement (PPA) with Northern Power Distribution Company of Telangana Limited (NPDCTL) at a fixed tariff of around Rs 5.35 per KWh, with the remaining useful life of around 20 years. It follows the acquisition of a 50 MW solar asset from Lightsource BP in Maharashtra. Torrent Power is a part of the Torrent Group, with group revenues of Rs 20,500 crore and a market cap of Rs 75,000 crore, one of the largest companies in the Indian power sector with a presence across the overall power value chain of generation, transmission, and distribution. The company has an aggregate installed generation capacity of 4.1 GW, including clean generation sources such as gas of 2.7 GW and renewables of 1 GW. Torrent Power has 400 MW of renewable energy plants under development. With this acquisition of a 50 MW solar power plant, its total generation capacity, including an under-development portfolio, will reach 4.6 GW with a renewable portfolio of over 1.5 GW. Image Source Also read: Torrent Power bags 156 MW wind projects worth Rs 7.9 bn from CESC

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?