Torrent Power Limited, through its subsidiary Torrent Urja 8 Private Limited, has entered into power transfer agreement with subsidiaries of Shapoorji Pallonji and Company Private Limited (SPCPL) for supply of 132 MW solar power for its desalination plants in the state of Gujarat.
The estimated project cost of the 132 MW project is Rs 7 billion. With the signing of this 132 MW contract, Torrent now has 0.73 GW of renewable capacity under different stages of development. Torrent currently has ~240 MW renewable projects under various stages of development for commercial and industrial customers.