New Delhi: Sudhir Mehta-promoted Torrent Power has stitched a deal to acquire 156MW wind power projects of CESC Ltd, an RP-Sanjiv Goenka Group company that distributes electricity in Kolkata, for Rs 790 crore.
A Torrent Power statement on Tuesday said the assets belong to CESC subsidiary Surya Vidyut and are spread across Gujarat, Rajasthan and Madhya Pradesh. The projects have 25-year powerpurchase agreements with respective state discoms for a period with weighted average tariff of Rs 4.68 per unit.
