MoneyWorks4Me

Adani Green Energy’s arm commissions 75 MW wind power project

01 Jan 2020 Evaluate

Adani Green Energy’s step down subsidiary -- Adani Renewable Energy has commissioned its 75 MW Wind Power Project having Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company (MSEDCL) at Rs. 2.85/kWh for a period of 25 years. Commercial sale of power from the Project to MSEDCL is expected to commence with effect from January 1, 2020.

With this, 2.50 GWac of renewable energy projects are operational. AGEL has total 5.29 GWac portfolio of renewable capacity in India, out of which 2.79 GWac projects are under implementation.

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

Peers
Company Name CMP
NTPC 330.00
Tata Power 363.30
Adani Power 202.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1346.95
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