Deals29 Mar 2024, 01:02 am
Torrent Power Receives Letter of Award for 150 MW Wind Solar Hybrid Project
AI Summary
Torrent Power Limited has announced the receipt of a Letter of Award for the setting up of a 150 MW Wind Solar Hybrid Project. The project, awarded by Torrent Power Limited-Distribution Unit, is expected to be commissioned within 24 months from the Power Purchase Agreement (PPA) and have a contract period of 25 years. The tariff for the project is 3.65 per kWh and the annual CUF requirement is set at 50%. To meet this requirement, Torrent Power plans to install 245 MW of wind and solar capacity against the contracted capacity of 150 MW.
Key Highlights
- Torrent Power receives Letter of Award for 150 MW Wind Solar Hybrid Project
- Project to be commissioned within 24 months from PPA
- Contract period is 25 years with a tariff of 3.65 per kWh
- Torrent Power to install 245 MW wind and solar capacity against contracted 150 MW
- Annual CUF requirement is 50%