
Deals26 Feb 2025, 12:00 am
Adani Saur Urja Secures 1,250 MW Energy Storage Capacity from Uttar Pradesh Power Corporation Limited
AI Summary
Adani Saur Urja (LA) Limited, a wholly-owned subsidiary of Adani Green Energy Ltd, has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL) for procurement of 1,250 MW energy storage capacity from Pumped Hydro Storage Projects. The capacity is secured through the e-Reverse Auction conducted by UPPCL. The Annual Fixed Cost payable under the LOA is Rs. 76,53,226 per Mw per Annum (taxes extra) for the entire period of 40 years from COD. The LOA was received on February 24, 2025.
Key Highlights
- Adani Saur Urja secures 1,250 MW energy storage capacity from UPPCL
- Capacity secured through e-Reverse Auction
- Annual Fixed Cost of Rs. 76,53,226 per MW per Annum
- Contract period of 40 years from COD
- LOA received on February 24, 2025