New Launch12 Sept 2025, 11:19 am
PVV Infra to Acquire 49% Stake in Aqua Dynamic Green Energy for 28 MW Solar Power Project
AI Summary
PVV Infra Ltd. has signed a Letter of Intent (LOI) with Aqua Dynamic Green Energy Pvt. Ltd. to acquire a 49% equity stake, with a clear roadmap to scale up to 100% ownership post lock-in. The investment is aimed at the development of a 28 MW (AC) solar power project under a long-term Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL). The total project cost is approximately INR 107.70 Crores (inclusive of GST). The project is expected to generate stable revenues from the first full year of operations and power ~45,000 households annually, abating ~65,000 tons of CO2 per year. Commercial operations are expected in FY 2026-27.
Key Highlights
- PVV Infra to acquire 49% stake in Aqua Dynamic Green Energy Pvt. Ltd.
- Project to develop a 28 MW (AC) solar power project under a PPA with MSEDCL
- Total project cost is approximately INR 107.70 Crores (inclusive of GST)
- Project expected to generate stable revenues from the first full year of operations
- Project will power ~45,000 households annually, abating ~65,000 tons of CO2 per year