+
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
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?