Torrent Power has achieved a significant milestone by securing a Letter of Award (LoA) for investing Rs 1,825 crore in a 150 MW wind solar hybrid project. This project, endorsed by its distribution unit, highlights the company’s commitment to sustainable energy solutions. The grid-connected initiative, operating under the greenshoe option, aims to supply power at a competitive tariff of Rs 3.65 per kWh.
Scheduled for commissioning within 24 months from the signing of the power purchase agreement (PPA), the project’s contract spans 25 years, ensuring long-term sustainable energy supply. With a focus on robust performance, the project aims for a minimum capacity utilization factor (CUF) of 50% annually.
Torrent Power is actively advancing its commitment to renewable energy by strategizing the deployment of 245 megawatts (MW) of wind and solar power capacity. This move not only underscores its steadfast dedication to sustainable energy development but also signifies a significant contribution to India’s ambitious renewable energy targets.
Torrent Power is an integrated power utility that operates in the generation, transmission, and distribution of electricity. Founded in 2006 and headquartered in Ahmedabad, India, Torrent Power has established itself as one of the leading players in the Indian power sector. The company has a diverse portfolio of power generation assets, including thermal, wind, and solar power plants, with a total installed capacity of over 3,879 MW.
Torrent Power is known for its focus on operational excellence and sustainability. The company has implemented best practices in environmental management and has received various awards and certifications for its efforts in this area. Additionally, Torrent Power is committed to social responsibility and has undertaken several initiatives for the welfare of the communities in which it operates.
