Torrent Power to acquire 156 MW wind power plants from CESC Ltd
Torrent Power NSE -0.63 % on Tuesday announced that it has inked a share purchase pact to acquire 156 MW wind power projects for about Rs 790 crore from Surya Vidyut, an arm of CESC NSE -2.70 % Ltd. Surya Vidyut operates 156 MW wind power plants spread across the states of Gujarat, Rajasthan and Madhya Pradesh, a statement said.
The projects have long-term power purchase agreements (PPAs) with respective state discoms for a period of 25 years, with weighted average PPA tariff of Rs 4.68 per cent kWh.
