Deals16 Mar 2024, 11:41 pm
Torrent Power Ltd. Receives Award for 300 MW Wind Solar Hybrid Project
AI Summary
Torrent Power Ltd.'s Distribution Unit has received a Letter of Award from the company for setting up a 300 MW Renewable Energy Power Grid-Connected Wind Solar Hybrid Project. The project's tariff is set at 3.65% per kWh and is expected to be commissioned within 24 months from the Power Purchase Agreement (PPA). The annual Capacity Utilization Factor (CUF) is required to be at least 50%, with 480 MW of wind and solar capacity planned to meet this condition.
Key Highlights
- Torrent Power Ltd's Distribution Unit receives Letter of Award for 300 MW renewable project
- Project expected to be commissioned within 24 months from PPA
- An annual CUF of at least 50% required and 480 MW wind and solar capacity planned
- Tariff set at 3.65% per kWh
- Company plans to install additional wind and solar capacity to meet CUF requirement