Torrent Power receives LoA for 300 MW wind power project from SECI

Torrent Power Limited has received letter of award (LoA) for wind power project of 300 MW from Solar Energy Corporation of India Limited (SECI).

The project will be set up in the state of Karnataka at an estimated cost of Rs 26 billion. The company has bagged the project through tariff based competitive bidding process. The project will be commissioned within 24 months from the execution of power purchase agreement (PPA). The term of the PPA is 25 years from the scheduled commercial operation date at a tariff of Rs 2.94 per kWh.