Adani Green Energy commissions 50Mwac solar power project in UP

Adani Green Energy (UP) has commissioned 50 MWac Solar Power Project in Uttar Pradesh. The off-taker for the Said Project is Uttar Pradesh Power Corporation Limited.

The power purchase agreement is for 25 years. The approved PPA tariff, at present, is Rs. 5.07 1 kWh. The company has filed an appeal before Appellate Tribunal for Electricity (APTEL) challenging reduction in PPA tariff from Rs. 8.44/kWh to Rs. 5.07/kWh by Uttar Pradesh Electricity Regulatory Commission (UPERC).

Also, Adani Renewable Energy Park (Gujarat) (AREPGL) had also won bid for setting up 250 MWac wind power project in the Tender issued by Solar Energy Corporation of India (SECI). AREPGL is a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL).

Letter of Award (LOA) for the same is awaited. AREPGL and AGEL belong to the multi-crore business conglomerate Adani Group, which has stake in multiple fields.

Image Credit : vccircle.com

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