Adani Renewable Energy Holding Fifteen Ltd receives 159 MWac solar power project

Adani Renewable Energy Holding Fifteen Limited ("AREHFifteenL"), a Whollyowned Subsidiary of Adani Green Energy Limited ("AGEL") participated in a Tender issued by Torrent Power Limited for procurement of power through competitive bidding process, from grid connected solar photovoltaic power projects to be setup in Gujarat.

AREHFifteenL has been awarded a project capacity of 150 MWac Solar Power Project.

The fixed tariff for this project capacity is Rs. 2.22/ kWh for a period of 25 years.

The Project is expected to be commissioned by Q3 FY2023.

Currently 3,520 MWac of renewable energy projects are operational. With this, AGEL now has a total portfolio 15,390 MWac of renewable energy project capacity, out of which 11,870 MWac projects are under implementation.

Shares of Adani Green Energy Ltd was last trading in BSE at Rs.1107.65 as compared to the previous close of Rs. 1121.55. The total number of shares traded during the day was 34845 in over 2635 trades.

The stock hit an intraday high of Rs. 1148.05 and intraday low of 1099. The net turnover during the day was Rs. 39184376.

Source : Equity Bulls

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