Adani Green’s Subsidiary Commissions a 50 MW Solar Project in Rajasthan
The PPA has been signed with SECI at a tariff of ₹2.54/kWh
Kilaj Solar (Maharashtra) Private Limited, a step-down subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 50 MW solar power project having a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) at ₹2.54 (~$0.03)/kWh for 25 years.
Kilaj Solar is a subsidiary of Mahoba Solar of Adani Group. The 50 MW project is located in Rajasthan.
In its Bombay Stock Exchange filing, the company said, “With this, 2.6 GW of renewable energy projects is now operational. AGEL has a total of 5.99 GW portfolio of renewable capacity in India, out of which 3.39 GW projects are under implementation.”
In July 2018, Mercom reported that CME Solar, Shapoorji Pallonji, Hero Solar, Mahindra Susten, Mahoba Solar (Adani), and Azure Power emerged as the winners in the auction by the Solar Energy Corporation of India (SECI) for 2 GW of Interstate Transmission System (ISTS)-connected solar projects to be developed across the country. Mahoba Solar (Adani), which had placed the bid for 500 MW, succeeded in winning only 50 MW at ₹2.54 (~$0.03)/kWh.
When asked how did the company manage to complete and commission the project when the government has called for a nationwide lockdown amid the Coronavirus (COVID-19) outbreak, a company source told Mercom that the project was ready before the lockdown was announced.
Meanwhile, India’s lockdown has now been extended to May 3, 2020. The Ministry of Home Affairs (MHA), in its revised guidelines, has now allowed selected additional activities which will come into effect from April 20, 2020. The announcement is a big respite to the renewable industry, as the construction of renewable energy projects will now be allowed from April 20, 2020.
Image credit: Praveensustain / CC BY-SA
Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.