Deals17 Jan 2025, 12:13 am
Ravindra Energy Ltd Wins 44 MW Solar Projects Under MSKVY Scheme
AI Summary
Ravindra Energy Limited (REL) has received a Letter of Award from ‘Maharashtra State Electricity Distribution Company Limited” (MSEDCL) to develop and operate 44 MW (AC) of decentralized feeder level PV solar projects. The projects, spread across 15 sub-stations of MSEDCL, will be eligible for central financial assistance of Rs. 1.05 Crore per MW under the KUSUM C Scheme of the Central Government. MSEDCL will enter into a 25 (Twenty Five) years Power Purchase Agreement (PPA) with REL at an average tariff of Rs. 3.10 (Rupees Three and Ten Paisa Only) per unit.
Key Highlights
- 44 MW (AC) projects across 15 sub-stations of MSEDCL
- 25 years PPA with MSEDCL
- Average PPA tariff of Rs. 3.10 per unit
- Central financial assistance of Rs. 1.05 Crore per MW
- Under Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY) scheme