Torrent Power Limited has informed the Exchange about Letter of Award - Setting up of 300 MW ISTS connected Wind Power Projects under SECI -Tranche -XVIII
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Torrent Power's wholly owned subsidiary, Torrent Green Energy Private Limited, has received two Letters of Award from Solar Energy Corporation of India (SECI) for setting up 300 MW ISTS-connected wind power projects (split as 175 MW + 125 MW) under SECI Tranche-XVIII. The tariff has been fixed at ₹3.97 per kWh, with a total estimated project cost of approximately ₹2,650 crore. The project must be commissioned within 24 months from the Power Purchase Agreement (PPA), and the contract period is 25 years from the date of commissioning. SECI is a Government of India entity under the Ministry of New and Renewable Energy, and this is a domestic order awarded through a tariff-based competitive bidding route.
This is a significant capacity addition for Torrent Power's renewable energy portfolio, boosting its order book and long-term revenue visibility through a 25-year PPA. The government-backed order with a fixed tariff reduces offtake risk and supports the company's green energy expansion plans, which is positive for long-term shareholders.