Adani Green Energy Limited (AGEL) will be entering into a long-term Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL), a Government of Maharashtra Undertaking, for supply of 5 GW (5,000 MW) solar power.
The PPA shall be at a flat tariff of INR 2.70 per kWh for supply of power for a period of 25 years from COD. The solar projects are expected to be connected to Inter State Transmission System and shall be developed in a staggered manner over a period of three years from execution of the PPAs with MSEDCL.
The capacity is secured through a competitive bidding process conducted by MSEDCL for procurement of combined 1,600 MW thermal and 5,000 MW solar power and shall have separate PPAs. Adani Power Limited (APL) submitted the bid for thermal power along with 5,000 MW Solar capacity on behalf of AGEL (execution of PPAs is subject to customary regulatory approvals).
Shares of Adani Green Energy Limited was last trading in BSE at Rs. 1787.85 as compared to the previous close of Rs. 1809.00. The total number of shares traded during the day was 18801 in over 1934 trades.
The stock hit an intraday high of Rs. 1816.40 and intraday low of 1781.30. The net turnover during the day was Rs. 33797045.00. |
