Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 April, 2021 19:34 IST
AGEL commissions 100 MW Gujarat Wind Power Project 5 months before schedule
Source: IRIS | 08 Mar, 2021, 12.30PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 Adani Green Energy (AGEL), a part of India-based Adani Group, on March 8 announced that its subsidiary AWEKTL, commissioned a 100 MW Wind Power Plant in Kutch (Gujarat) 5 months ahead of its schedule.

This is the 5th project commissioned before schedule by the company over the past 12 months.The plant has Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) at Rs. 2.82/kwh.

With the successful commissioning of this plant, the company has an operational wind generation capacity of 497 MW. AGEL has total renewable capacity of 14,815 MW including 11,470 MW that have been awarded and are different stages of implementation. With this project the company has added total renewable capacity of 800 MW since the last 12 months the company has added despite the challenges of the COVID19 outbreak.

Like all its other assets, the newly commissioned plant would be managed by the Adani Group’s ‘Intelligent Energy Network Operation Centre’ platform that gives AGEL complete centralized visibility and an ability to manage its renewables assets on pan India basis.

AGEL through its successive projects has continued to integrate the objective of sustainability with economic development thereby creating jobs as well as enabling the decarbonization in line with India’s commitment at United Nations Climate Change Conference in Paris and taking it step closer towards Climate Leadership.

Shares of the company declined Rs 1.05, or 0.09%, to trade at  Rs 1,170.  The total volume of shares traded  was  8,414 at the BSE (11.02 a.m., Monday).



 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Nagpur Power & Industries gets nod to increase stake in subsidiary company - 14-Apr-2021 20:29
Hero Motors launches new plant at Hero E Cycle Valley, Punjab - 14-Apr-2021 20:01
Inox Leisure starts commercial operations of Multiplex Cinema Theatre in Bangalore - 14-Apr-2021 19:03
Happiest Minds Technologies in strategic partnership with BeatRoute - 14-Apr-2021 18:48
Venus Remedies enters into partnership with West Pharmaceutical Services - 14-Apr-2021 17:30
Adani Green Energy subsidiary commissions 50 MW solar power plant in UP - 14-Apr-2021 17:02
IDBI Capital maintains Accumulate on TCS with target of Rs 3,530 - 14-Apr-2021 12:31
TCS 4QFY21: Strong FY21 exit rate and deal wins to drive growth in FY22: Motilal Oswal - 14-Apr-2021 09:21
ELGi partners with Italian Red Cross to maintain critical COVID-19 response vehicles - 14-Apr-2021 08:50
IDBI Capital remains positive on IT sector; HCL, Tech Mahindra, Cyient top picks - 12-Apr-2021 19:23
CEMENT: Another round of price hikes; Cement spreads now at the highest since Jun'20: Motilal Oswal - 12-Apr-2021 19:02
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer