Enviro Infra Engineers Ltd Forays into Renewable Energy Sector with 69 MW Solar Power Projects Acquisition

Enviro Infra Engineers Ltd, a prominent EPC Player in Water & Waste-Water Treatment across PAN India, has taken a significant step towards its renewable energy ambitions by securing two key solar power projects aggregating to 69 MW (AC) capacity. The Company has been awarded the bid and received the Letter of Intent (LOI) for acquisition of Vento Power Infra Private Limited from PTC India Financial Services Limited for a 40 MW (AC) grid-connected solar power plant in the Bolangir District of Odisha. The project involves the development of a solar power generation plant, which will sell power at a tariff of 74.10 per unit for a period of approx. 18 years. The acquisition cost for this project is 115.61 crores. Additionally, the Company, through its Wholly Owned Subsidiary EIE Renewables Private Limited, has acquired Soltrix Energy Solution Private Limited, which has been awarded a 29 MW (AC) solar power project by the Government of Maharashtra through the Maharashtra State Electricity Distribution Company Limited. This project involves comprehensive execution, including design, financing, engineering, procurement, construction, operation, and maintenance. The project is supported by State Financial Assistance (SFA) of 3.20 crores per MW, resulting in Aggregate SFA of 92.80 crores, with a tariff-based revenue of 0.88 per unit over a period of 25 years.