Torrent Power

Torrent Power Acquires 50 MW Solar Power Plant from Lightsource BP and UKCI

The SPV operates a 50 MW solar power plant, commissioned in April 2018, situated in the state of Maharashtra. It has a long-term Power Purchase Agreement with Solar Energy Corporation of India Limited for full capacity for a period of 25 years. Enterprise value estimated for this acquisition is around Rs 317 Cr including the VGF receivable. The acquisition is subject to customary conditions for transaction closure.