AGEL commissions 100 MWac solar power plant at Khirsara, Gujarat, ahead of schedule

Adani Solar Energy Kutchh Two Private Limited, a Whollyowned subsidiary of Adani Green Energy Limited (AGEL) has commissioned 100 MWac Solar Power Project at Khirsara, Gujarat, ahead of its scheduled Commercial Operation Date (COD) according to its 25-year-long Power Purchase Agreement (PPA ) with the Gujarat Urja Vikas Nigam India (GUVNL). The PPA is priced at Rs. 2.44/kWh, as on 29 December, 2020.

With this commissioning AGEL's total operational renewable capacity grows to 2,950 MWac demonstrating a CAGR of 55% since March 2016.

The plant will be connected to our state-of-the-art Energy Network Operation Centre (ENOC) that continuously monitors and analyses performance of 80+ solar and wind plants across diverse locations in India.

AGEL has total renewable capacity of 14,195 MWac including 11,245 MWac awarded and under implementation projects; and targets commissioning of renewable capacity of 25 GW by 2025.

Speaking on this development Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd said, "Adani Green is committed to creating a sustainable future through rapid project execution capability in line with the global best practices in the renewable energy sector. The commencement of 100 MWac solar power project in Khirsara, Kutchh, Gujarat in line with the Adani Group's legacy of scale and speed and is another significant step towards achieving our vision of 25 GW renewable energy by 2025."

Shares of Adani Green Energy Ltd was last trading in BSE at Rs.1051.35 as compared to the previous close of Rs. 1038.2. The total number of shares traded during the day was 17750 in over 2088 trades.

The stock hit an intraday high of Rs. 1060 and intraday low of 1028.2. The net turnover during the day was Rs. 18522159.

Source : Equity Bulls

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