AGEL Secures Tender to Set Up Solar Power Project in Gujarat

Adani Green Energy has announced that its subsidiary has been endowed with a tender to set up a 150 MWac solar power project in Gujarat and the project is estimated to be commissioned by October-December quarter of 2020-21 financial year.

As per reports, "Adani Renewable Energy Park (Gujarat), a wholly-owned subsidiary of Adani Green Energy (AGEL), has been endowed for setting up 150 MWac solar power project in the tender issued by Gujarat Urja Vikas Nigam to be developed in Gujarat".

"The fixed PPA tariff is Rs 2.671 kWh for a period of 25 years. Project is anticipated to be commissioned by Q3 FY 2021. With this, AGEL's portfolio of renewable generation capacity in India stands at 4.31 GWac with 1.97 GWac operational projects and balance 2.34 GWac in development stage," Adani Green Energy believed.