Torrent acquires Telangana solar plant at Rs 416 cr
Ahmedabad: The Torrent Power Limited has completed the acquisition of a 50-Mega Watt (MW) solar plant located in Telangana at Rs 416 crore. It belonged to SkyPower Group, stated an official release here Monday.
The plant has a long-term power purchase agreement (PPA) with Northern Power Distribution Company of Telangana Limited (NPDCTL) for 25 years at a fixed tariff of Rs 5.35 per kWh, with remaining useful life of approximately 20 years.
With acquisition of the plant, Torrent Power’s total generation capacity will reach 4.7 GW.
