New Launch15 Sept 2025, 09:41 am
Insolation Energy's Subsidiary Wins LOI for 226.45 MW Solar Power Plants Under PMKUSUM Component A Scheme
AI Summary
Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Ltd, has been awarded a Letter of Intent (LOI) for design, survey, supply, installation, testing, commissioning, operation & maintenance for 25 years from COD of grid connected solar power plants through RESCO Mode. The combined SPV Solar Power plant shall be 226.45 MW under PMKUSUM Component A Scheme from 135 sites. The final levelized tariff shall be Rs. 3.04 per unit for 16 sites, Rs. 2.82 per unit for 5 sites, Rs. 2.75 per unit for 53 sites and Rs. 2.60 for 61 sites.
Key Highlights
- Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Ltd, has been awarded a Letter of Intent (LOI) for 226.45 MW SPV Solar Power plants under PMKUSUM Component A Scheme.
- The LOI is for 135 sites across Jaipur Vidyut Vitran Nigam Limited (JVVNL) and Ajmer Vidyut Vitran Nigam Limited (AVVNL) for 20 and 115 sites respectively.
- The final levelized tariff for the project is Rs. 3.04 per unit for 16 sites, Rs. 2.82 per unit for 5 sites, Rs. 2.75 per unit for 53 sites and Rs. 2.60 for 61 sites.
- The project will lead to an investment of approximately Rs. 750 Crores (including GST) in setting up the 226.45 MW SPV Solar Power plants.
- The project is expected to generate annual electricity units and annual revenue as detailed in the disclosure.