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Nava announced the commissioning of 100 MW solar power plant by its step-down subsidiary, Maamba Solar Energy Limited (MSEL), Zambia, marking a defining milestone in the group journey into renewables. Power evacuation from the plant to the Zambian grid has commenced.
20-Year Power Purchase Agreement
MSEL has a 20-year Power Purchase Agreement (PPA) with ZESCO Ltd, Zambia's national power utility, for the entire power generated by the 100 MW solar power plant.
At 3.09 pm, Nava was trading at Rs. 556.65, up by 0.54%, with a volume of 0.18 lakh shares on the BSE.
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