Home Featured Adani Green commissions 100 MW capacity at Rajasthan project; stock down 1%
Adani Green commissions 100 MW capacity at Rajasthan project; stock down 1%

Adani Green commissions 100 MW capacity at Rajasthan project; stock down 1%

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With this, AGEL’s portfolio of renewable generation capacity in India stands at 5.29 GWac with 2.32 GWac operational projects and balance 2.97 GWac in the development stage, the company added.

Adani Renewable Energy (RJ) Limited, a stepdown subsidiary of Adani Green Energy Limited (AGEL) has commissioned balance 100 MWac capacity on August 21, 2019 in the state of Rajasthan out of 200 MWac Solar Power Project, having Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) at Rs2.71/kWh for a period of 25 years.

The first 100 MWac capacity of the said project has already been commissioned on August 2, 2019, and an intimation was submitted to the exchange on the same date, the company said in the press release.

With this, AGEL’s portfolio of renewable generation capacity in India stands at 5.29 GWac with 2.32 GWac operational projects and balance 2.97 GWac in the development stage, the company added.

Adani Green Energy Ltd is currently trading at Rs43.60, down by Rs0.4 or 0.91% from its previous closing of Rs44 on the BSE.

The scrip opened at Rs44.10 and has touched a high and low of Rs44.10 and Rs43.15 respectively.

Source: indiainfoline
Anand Gupta Editor - EQ Int'l Media Network