Amp Energy India Bags 150 MW Hybrid Project From CESC Via Subsidiary

Listen to This Article

Amp Energy India on Thursday said it has won a 150 MW hybrid energy project from CESC Limited.

It has won the wind-solar project through its subsidiary Amp Green Energy Private Ltd at a tariff of Rs 3.07 per unit. The tariff discovered was the lowest in the bid, Amp Energy India said in a statement.

The power purchase agreement (PPA) for this project will be executed accordingly with discom CESC Ltd.

"By combining wind and solar energy in a single project, we can optimize land use, improve power generation, and reduce the intermittency of the system. We are happy to provide green power to eastern India through CESC, one of India's leading integrated utility companies," Pinaki Bhattacharyya, MD and CEO, Amp Energy India said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more