Published On:May 13 2019
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Adani Green Energy Ltd. commissions 50 Mwac Solar Power Project in UP.

Adani Green Energy Ltd. commissions 50 Mwac Solar Power Project in UP.

Adani Green Energy (UP) Limited ("AGEUPL"), a Wholly-owned Subsidiary of Adani Green Energy limited ("AGEL") has commissioned 50 MWac Solar Power Project on 10th May, 2019 in the state of Uttar Pradesh. The off-taker for the said Project is Uttar Pradesh Power Corporation limited ("UPPCL"). The PPA 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").

Further, Adani Renewable Energy Park (Gujarat) limited ("AREPGL"), a Whollyowned Subsidiary of Adani Green Energy limited ("AGEL") had also won bid for setting up 250 MWac wind power project in the Tender issued by Solar Energy Corporation of India ("SECI"). Letter of Award ("LOA") for the same is awaited. The fixed PPA tariff is Rs. 2.821 kWh for a period of 25 years.

With this, AGEL's portfolio of renewable generation capacity in India stands at 4.56 GWac with 2.02 GWac operational projects and balance 2.54 GWac in development stage.

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