Surana Telecom Secures 51.3 MW Solar Project in Madhya Pradesh
Filing Summary
Surana Telecom and Power Ltd has received a Letter of Award for developing a 51.3 MW solar power project in Madhya Pradesh. The project, under the Surya Mitra Krishi Feeders Scheme and PM KUSUM-C Scheme, involves an investment of approximately Rs. 175 crores. The power will be sold to Madhya Pradesh Power Management Company Limited. The project is expected to be commissioned within 12 months, with a contract period of 25 years. The tariff is set at Rs. 2.74 per KWh, with a subsidy of Rs. 1.05 crore per MW from the Government of India.
Surana Telecom and Power Ltd has been awarded a Letter of Award for the development of a 51.3 MW solar power project. The project will be executed in the state of Madhya Pradesh under the Surya Mitra Krishi Feeders Scheme and the PM KUSUM-C Scheme. The power generated will be sold to Madhya Pradesh Power Management Company Limited and M.P. Urja Vikas Nigam Limited.
The project involves an estimated investment of approximately Rs. 175 crores. It is structured to be grid-connected and solar PV-based. The tariff for the project is set at Rs. 2.74 per KWh, with a subsidy of Rs. 1.05 crore per MW provided by the Government of India as Central Financial Assistance.
The project is expected to be commissioned within 12 months from the date of the Letter of Award. The contract period for the project is 25 years from the commissioning date. The project consists of eight Letters of Award, each contributing to the total allocated capacity of 51.3 MW.
The awarding entities for this project are the Ministry of New and Renewable Energy, Government of India, and M.P. Urja Vikas Nigam Limited, a Government of Madhya Pradesh enterprise. The project is categorized as a domestic order, with no involvement of international entities.
Surana Telecom and Power Ltd focuses on renewable energy projects, particularly in solar power. The company aims to expand its footprint in the renewable energy sector by participating in government schemes and initiatives. Its strategic priorities include enhancing its project portfolio and contributing to sustainable energy development.