Enviro Infra Engineers has won the bid and consequently received Letter of Intent (LoI) for Vento Power Infra from PTC India Financial Services for the development of a 40 MW (AC) grid connected solar power project in Bolangir District of Odisha, wherein the solar power generation shall be sold at a tariff of Rs 4.1/unit for a period of approximate 18 years. The cost of the acquisition of the project is Rs 115.61 crore. Further, the project has already achieved Partial Commercial Operation Date (PCOD).
As part of the conditions for executing the project, the company is required to acquire Vento Power Infra. The company is currently undertaking the necessary due diligence, evaluating the terms and conditions of the acquisition, finalising draft agreements and upon completion and subject to satisfactory findings, appropriate disclosures will be made to the stock exchanges.
Enviro Infra Engineers is engaged in designing, construction, operation and maintenance of water and wastewater treatment plants and water supply scheme projects for government authorities/bodies.
