Torrent Power Ltd. has received a Letter of Award from its distribution unit to set up a 150-megawatt grid connected wind solar hybrid project.
The Rs 1,825-crore hybrid project will be commissioned within 24 months from the power purchase agreement, its exchange filing said on Thursday.
It will have a contract period of 25 years after the agreement is signed.
On March 1, Torrent Power received an order worth Rs 2,700 crore from Railway Energy Management Co. to set up a renewable energy power plant.
The project consists of 325 MW of wind and solar capacity for the supply of 100 MW of round-the-clock power.
Shares of Torrent Power closed 4.44% lower at Rs 1354.75 apiece on the BSE, as compared with a 0.90% advance in the benchmark Sensex.
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