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Insolation Energy gets LoA for a project from MSEDCL

Insolation Green Energy Pvt. Ltd, a Wholly Owned Subsidiary of Insolation Energy Ltd has received an letter of award for setting up 9 solar power projects from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) in different territory of state of Maharashtra aggregating total power generation capacity 99 MW AC (128.7 MW DC) under Mukhyamantri Saur Krushi Vahini Yojana - 2.0. Those orders are awarded under Tariff based Competitive Bid invited by (MSEDCL), for setting up of grid connecting solar power projects at multiple locations in state of Maharashtra.

Following implementation, the combined SPV Solar Power Plants covered under these LOAs shall have a cumulative capacity of 99 MW AC (128.7 MW DC). Based on the finalized levelized tariff of Rs. 2.90 per unit across all nine sites, the project is expected to generate an annual revenue of approximately INR 59.72 crores. The project will also provide a sustainable and stable revenue stream throughout its operational life of 25 Years.

At 10.31 am, Insolation Energy was trading at Rs. 95.50, up by 1.81%, with a volume of 0.67 lakh shares on the BSE.