Latest News | Adani Green Energy Arm Bags 1250 MW Pumped Hydro Storage Capacity from UPPCL

New Delhi, Feb 25 (PTI) Adani Green Energy on Tuesday said its arm Adani Saur Urja has bagged an order from Uttar Pradesh Power Corporation (UPPCL) for procurement of 1,250 MW energy storage capacity from pumped hydro storage projects.

Adani Saur Urja, a wholly-owned subsidiary of the company, has received a Letter of Award (LOA) from UPPCL in this regard.

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The capacity is secured through the e-Reverse Auction conducted by UPPCL, a regulatory filing said.

According to the statement, the Annual Fixed Cost payable under the LOA stood at Rs 76,53,226 per MW per annum (taxes extra) for the entire period of 40 years from the commercial operation date.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)