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

Related Stories

Gold Stories

Next Story
Equipment

BEML Wins GeM Award for Highest MSE Order Value

BEML Limited has received the “Maximum Order Value to MSEs” award at the 10th Foundation Day celebrations of the Government e-Marketplace (GeM) held at Bharat Mandapam, New Delhi.Union Minister of Commerce and Industry Piyush Goyal presented the award, which was received on behalf of BEML by Anil Jerath, Director (Finance).The recognition acknowledges BEML's efforts to strengthen procurement from Micro and Small Enterprises (MSEs) through the GeM platform.BEML said its procurement initiatives are aimed at encouraging greater participation of MSEs in public procurement and supporting the gr..

Next Story
Equipment

BKT to Showcase Advanced Off-Highway Tyres at Bauma ConExpo

Balkrishna Industries Ltd (BKT) will showcase its latest off-highway tyre solutions at Bauma ConExpo India 2026, scheduled from September 15-18 at the India Expo Centre, Greater Noida.The company will display a range of application-specific tyres for construction, mining and industrial operations at Hall 12, Booth No. 1. Key products will include the EARTHMAX SR 30 for loaders and articulated dump trucks and the AIROMAX AM 27 for mobile cranes.BKT will also showcase MINE FORCE, EARTHMAX EXPERTO GD1, XL GRIP NEO, DYNA HAUL, CONSTEER and EARTHMAX SR423. The tyres are designed to operate under he..

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement