Adani Green Energy arm receives LOA for 250 MW Solar Power Project

Adani Renewable Energy Holding Fifteen Limited, a Wholly-owned Subsidiary of Adani Green Energy Limited participated in a Tender issued by Punjab State Power Corporation Limited for procurement of 250 MW Solar Power from ground mounted grid connected solar PV power plants and has received the Letter of Award (LOA) to set-up 150 MW Solar Power Project.

The fixed tariff for this project capacity is Rs. 2.34/ kWh for a period of 25 years.

With this, AGEL now has a total renewable energy project portfolio of 20.434 MWac capacity, out of which 5.410 MWac projects are operational. 11,591 MWac projects are under construction and 3.433 MWac projects are near construction.

Shares of Adani Green Energy Limited was last trading in BSE at Rs. 1839.10 as compared to the previous close of Rs. 1922.75. The total number of shares traded during the day was 42282 in over 3843 trades.

The stock hit an intraday high of Rs. 1922.00 and intraday low of 1816.65. The net turnover during the day was Rs. 79231537.00.

Source : Equity Bulls

Keywords

AdaniGreenEnergy INE364U01010 LOA 150MW SolarPowerProject PunjabStatePowerCorporation