Deals4 Mar 2025, 06:34 pm
Hariom Pipe Industries Secures 60 MW Solar Power Contract Under PM Kusum Scheme
AI Summary
Hariom Pipe Industries Ltd has announced receiving a Letter of Award (LoA) for Solar Power Developer (SPD) for Solar Photovoltaic Power generating stations of an aggregate capacity of 60 MW(AC) under Mukhyamantri Saur Krushi Vahini Yojana 2.0, a scheme launched for implementation of feeder level Solarization under Component C of PM Kusum Scheme. The fixed PPA tariff for the 60 MW (AC) Solar Power capacity is Rs. 2.96/kWh for a period of 25 years at a subsidy of Rs. 1.05 Cr/MW. There is an additional incentive of Rs. 0.25/kWh for the first three years, upon the timely commissioning of the project.
Key Highlights
- Hariom Pipe Industries Ltd has forayed into the renewable energy sector.
- Received LoA for 60 MW(AC) under PM Kusum Scheme's Mukhyamantri Saur Krushi Vahini Yojana 2.0.
- Fixed PPA tariff of Rs. 2.96/kWh for 25 years with a subsidy of Rs. 1.05 Cr/MW.
- Additional incentive of Rs. 0.25/kWh for the first three years upon timely commissioning.
- Hariom to own, finance, develop, design, engineer, procure, construct, commission, operate, and maintain the project.