Deals3 May 2025, 05:21 pm
Bhagyanagar India Ltd Subsidiary Signs 25-Year PPA for 65.7 MW Solar Power Plants
AI Summary
Bhagyanagar India Ltd has announced that its subsidiary, Crescentia Technology Private Limited, has entered into a power purchase agreement (PPA) with Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for a period of 25 years. The PPA is for the implementation of 65.7 MW of solar power plants under the feeder level solarization of PM KUSUM component C2. The project, which was awarded 11 letters of awards (LOAs), is expected to involve an overall investment of Rs. 230 Crores (Rupees Two Hundred and Thirty Crores only).
Key Highlights
- Bhagyanagar India Ltd's subsidiary, Crescentia Technology Private Limited, has signed a 25-year PPA with UPNEDA for 65.7 MW of solar power plants.
- The project is part of the feeder level solarization of PM KUSUM component C2 and was awarded 11 LOAs by UPNEDA.
- The project is expected to involve an overall investment of Rs. 230 Crores.
- The PPA is a significant step towards the implementation of the project.
- The project is a testament to Bhagyanagar India Ltd's commitment to renewable energy.