The Solar Energy Corporation of India (SECI) has granted a Letter of Award to Torrent Green Energy Private Limited, a fully-owned subsidiary of Torrent Power Limited (NSE: TORNTPOWER, BSE: 532779), for the development of a 300 MW wind power project under Wind Tranche-XVIII. The project, awarded at a competitive tariff of ₹3.97 per unit, requires an estimated investment of ₹2,650 crore and must be commissioned within 24 months of Power Purchase Agreement execution.
Strategic Wind Energy Expansion Under Renewable Portfolio
On June 11, 2025, SECI awarded Torrent Green Energy the 300 MW ISTS-connected wind power project following a competitive bidding process. This addition elevates Torrent’s renewable capacity under development to 3.3 GWp, reinforcing its strategic focus on renewables as a primary growth driver. The project aligns with India’s ambitious target of achieving 500 GW non-fossil fuel capacity by 2030, positioning Torrent as a key contributor to national energy transition goals.
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The ₹3.97/kWh tariff reflects competitive market dynamics while ensuring project viability over the 25-year operational period. Torrent’s systematic approach to renewable development encompasses a balanced portfolio spanning wind, solar, pumped hydro, and green hydrogen technologies, diversifying risk while maximizing clean energy output.
The Role of Integrated Power Utilities in Energy Management:
Torrent Power operates as a ₹29,165 crore integrated power utility within the larger ₹45,000 crore Torrent Group, maintaining presence across generation, transmission, and distribution segments. With 362 MW of coal-based capacity, 1,746 MWp of renewable energy, and 2,730 MW of gas-based capacity, the company’s installed generation capacity currently stands at 4,838 MWp. Beyond current operations, Torrent has 3,279 MWp renewable projects and 3,000 MW pump storage capacity under development, bringing total planned capacity to 8,117 MWp generation plus 3,000 MW storage.
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The distribution network serves over 4.21 million customers across multiple states, delivering nearly 31 billion units annually. Agra, Uttar Pradesh; the Union Territory of Dadra and Nagar Haveli and Daman and Diu; Maharashtra places (Bhiwandi, Shil, Mumbra, Kalwa); and Gujarat towns (Ahmedabad, Gandhinagar, Surat, Dahej SEZ, Dholera SIR) are among the coverage regions.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
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Published on: June 13, 2025 / M Vishnu
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State Bank of India will reduce interest rates on its “Amrit Vrishti” fixed deposits from today. This change is part of broader rate adjustments, though regular FD products remain unaffected.
अद्वेष्टा सर्वभूतानां मैत्रः करुणा एव च।
One who is not envious but is a kind friend to all living entities is certainly eligible for liberation.
