Torrent Power Wins Wind Power Project From SECI
Torrent Power Limited participated in the competitive bidding process. (by way of E-reverse auction process) conducted by Solar Energy Corporation of India Limited (SECI) for setting-up of 1200 MW ISTS connected wind power projects, and emerged as one of the winning bidders for capacity of 115 MW project.
Details with respect to such capacity addition are as follows:
a) Existing Operational Capacity: 568.50 MW
b) Capacity under Development: 681.70 MW
c) New Capacity Addition: 115 MW
d) Bidded tariff for new capacity addition: Rs. 2.76 / kWh
e) PPA counterparty: SECI
f) Period within which the proposed capacity is to be added: 18 months from the effective date of PPA
g) Investment required: Estimated at Rs. 850 cr.
h) Mode of financing: In debt I equity ratio of 70: 30.
i) Rationale: Expansion of renewable energy capacity
- Issued By:SOLAR ENERGY CORPORATION OF INDIA LIMITED
- Bagged By:
- Value:INR 8500 Million
- Published On:2018-09-26