Refex Renewables & Infrastructure’s wholly-owned subsidiary -- Refex Green Power (RGPL) has won a tender and received a letter of award through bids invited by SJVN (a joint venture of Government of India and Government of Himachal Pradesh) for setting-up an 80-MW wind power project in Kurnool, Andhra Pradesh.
The letter of award does not specify any lump-sum contract value/order value. Instead, the award is for development of an 80 MW wind power project, with power to be supplied under a long-term power purchase agreement (PPA) at the discovered tariff of Rs 3.88 per kWh for a period of 25 years.
The scheduled commencement of supply of power (SCSD) for commissioning of the full capacity of the project shall be the date as on 24 months from the effective date of the PPA.
Refex Renewables & Infrastructure (formerly known as Sunedison Infrastructure) is engaged in the processing, sale and export of marine products.
