Adani Green Energy (MP) Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 50 MW wind project having a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for 25 years.
According to its Bombay BSE filing, “AGEL is also pleased to inform that it has partially charged the evacuation infrastructure for connecting its wind projects of 725 MW capacity.”
“The evacuation infrastructure connects the plant end pooling sub-station (Ratadia PSS) of the wind projects to the Bhuj pool sub-station of PGCIL at 220 kV level through 59 km double circuit transmission lines, Ratadia PSS has been partially charged to the extent of 300 MW evacuation capacity, currently, balance capacity shall be charged, in sync with the planned commissioning schedule of the wind projects over the next 15 months,” states the company statement.
AGEL also plans to commission the remaining 225 MW wind capacity in the area by 2020, “for which the evacuation infrastructure is already in place,” it states.
With this, 2.42 GW of renewable energy projects is operational. AGEL has a total portfolio of 5.29 GW portfolio of renewable capacity, out of which 2.87 GW projects are under implementation, claims the company.
In June 2019, it was reported that Adani Renewable Energy Park (Gujarat) Limited (AREPGL), a wholly-owned subsidiary of AGEL, won a 600 MW of solar-wind hybrid power projects in an auction conducted by the SECI.
Adani Green Energy, in August 2019, announced its financial results for the first quarter of the financial year 2020, ending June 30, 2019. In the quarter, the company’s total revenue stood at ₹6.61 billion (~$ 92.1 million), an increase of 40% year on year. The company announced a revenue of ₹5.54 billion (~$ 77.26 million) from power generation for Q1 of FY 2020, an increase of 17% year-over-year.
Image credit: Stan Shebs, CC BY-SA [3.0]
Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.