Torrent Power Adds 322 MWp Solar Capacity, Projects to Supply MSEDCL Under 25-Year PPAs

On Tuesday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 106.25 points (0.45 per cent) to 23,672.90. Amid the market movement, Torrent Power share price fell 0.64 per cent to Rs 1,267.50 after its wholly owned subsidiary Torrent Green Energy Private Limited commissioned 322 MWp of ground-mounted decentralised solar power projects across Nashik district in Maharashtra.

The projects have been developed under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0, a scheme launched for feeder-level solarisation under Component-C of the PM-KUSUM scheme.

322 MWp Solar Capacity Commissioned Across Nashik

The newly commissioned solar portfolio is spread across 50 locations covering 14 talukas of Nashik district. The company described it as one of the most geographically diversified agricultural feeder solarisation projects implemented under the MSKVY framework. Power generated from the projects will be supplied to Maharashtra State Electricity Distribution Company Limited (MSEDCL) under 25-year power purchase agreements.

The project brings solar generation closer to agricultural demand centres, with local solar plants supplying power to rural feeders. According to the company, this is expected to support daytime electricity availability for farmers, improve grid efficiency and reduce distribution losses.

Management Commentary

The commissioning involved development across multiple sites in Nashik district and required coordination on land-related matters, grid connectivity, local clearances and simultaneous construction activities.

Jigish Mehta, Whole-Time Director of Torrent Power, said the project reflects collaboration among MSEDCL, the local administration, landowners, project partners, contractors and Torrent's team. He added that the development supports the company's focus on clean energy transition and reliable daytime electricity supply for the agricultural sector.

Renewable Capacity Forms Part of Larger Expansion

The commissioning adds to Torrent Power's renewable generation portfolio as the company continues to expand its presence across the power value chain. According to the company's filing, Torrent Power has an aggregate operational generation capacity of 6.66 GWp, comprising 2.73 GW of gas-based capacity, 2.2 GWp of renewable capacity and 1.73 GW of coal-based capacity. A further 4.56 GWp of renewable projects, 3 GW of pumped storage capacity and 1.6 GW of coal-based capacity are under construction.

Including projects under construction, the company's total generation capacity stands at around 12.82 GWp, in addition to 3 GW of pumped storage capacity.
Also Read - Specialty Chemical Stock in Focus; Company Enters 50:50 JV for 6,000 TPA Chromium Plant

About the Company

Torrent Power is an integrated power utility with operations spanning generation, transmission and distribution. The company is part of the Torrent Group and has a presence across multiple segments of the power value chain. Its distribution business supplies nearly 31 billion units of electricity to around 4.3 million customers across areas in Gujarat, Maharashtra, Uttar Pradesh and the Union Territory of Dadra and Nagar Haveli and Daman and Diu.

Disclaimer: The article is for informational purposes only and not investment advice.