Torrent Power Gujarat Solar PV Park is a 100MW solar PV power project. It is planned in Gujarat, India. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 100 | – | 100 | Permitting | Gujarat, India | Torrent Power |
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Description
The project is being developed and currently owned by Torrent Power.
Torrent Power Gujarat Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $100.027m.
Development Status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
Power Purchase Agreement
The power generated from the project will be sold to Gujarat Urja Vikas Nigam under a power purchase agreement. The power will be sold at the rate of $0.027kWh for a period of 25 years. The capacity to be procured is 100MW.
About Torrent Power
Torrent Power Ltd (Torrent Power), a subsidiary of Torrent Group, is a power utility that generates, transmits and distributes electricity. The company generates electricity through gas based, coal based and renewable power plants. It transmits and distributes power to residential, commercial and industrial customers in Ahmedabad, Gandhinagar, Surat and Dahej SEZ as well as Dholera SIR in Gujarat; Bhiwandi in Maharashtra; and in Agra in Uttar Pradesh. The company offers highly personalized as well as innovative customer services for better experience and customer satisfaction. It also manufactures cables through its cables manufacturing unit at Nadiad, Gujarat. Torrent Power is headquartered in Ahmedabad, Gujarat, India.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
