“…the company has received Letter of Award from Torrent Power Limited-Distribution Unit for setting up of 150 MW (RE Power) Grid-Connected Wind Solar Hybrid Projects under Greenshoe option,” it stated.
The project will be commissioned within 24 months from the signing of Power Purchase Agreement (PPA).
The contract for supply of power will be 25 years from the commissioning of the project.
The annual CUF (capacity utilisation factor) will not be less than 50 per cent for any year during the term of the PPA and rated power capacity of wind and solar will be in the ratio of 2:1.
To meet the 50 per cent CUF requirement, the company plans to install 245 MW of wind and solar capacity projects against a contracted capacity of 150 MW, it stated.