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13-May2019

Adani Green Energy's arm commissions 50 MWac Solar Power Project

Adani Green Energy's Wholly-owned Subsidiary -- Adani Green Energy (UP) has commissioned 50 MWac Solar Power Project on May 10, 2019 in the state of Uttar Pradesh. The off-taker for the said Project is Uttar Pradesh Power Corporation (UPPCL). The PPA is for 25 years.

The approved PPA tariff, at present, is Rs 5.07/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).

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

Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.


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